MF Global admitted client funds used as crisis escalated: report

Discussion in 'Wall St. News' started by ASusilovic, Nov 1, 2011.

  1. FJMcC

    FJMcC

    "could face civil penalties"??????????????

    What could be more criminal than using segregated futures accounts to prop up your own trades?

    This is sickening. The one thing that always separated Chicago from New York was that the money was segragated and we paid/got paid everyday at the close. No fucking around. Leave it to an East Coast, GS, liberal Democrat, to completely throw a 150 year old sacred trust into the garbage can after being at the company for a year or something.

    Wow, just wow.
     
  2. Bob111

    Bob111

    i have a message for corzine and Co-

    [​IMG]

    actually this what OWS should demand from very beginning of their movement..
     
  3. oraclewizard77

    oraclewizard77 Moderator

    Thankfully, I don't have my account with them and I never invested in the stock. I was actually thinking about buying at $ 1.20/sh thinking that a deal to buy them out was getting done, but this fraud killed it.
     
  4. FJMcC

    FJMcC

    i thought of trading forex with them via their Currnex feed. Thank god I went with oanda and Advantage. If they are going to rob and stiff futures accounts, that are sacrosanct under Exchange Rules, imagine how Foreign Exchange accounts are going to get ass raped.
     
  5. Golddav

    Golddav

    The weird thing is that they just bough strategy runner a month ago... why would they do that ?
     
  6. benwm

    benwm

    I agree. Someone has to serve behind bars for this.
    If not now, when ffs?

    Obama has to nail Corzine hard.

    These guys need to start getting ten years or more prison time. Otherwise it will happen again and again.
     
  7. ows is clueless. we need real men to demand heads. there are few real men left. look at the white house, infested with pimps and charlatans.

    the bankers heads should have rolled long ago.
     
  8. Shit like this happened in the late 60s and early 70s.

    Nothing new here.
     
  9. bonds

    bonds

    They will all get their bonuses and the CEO will get a massive golden parachute on top of his multi million dollar salary.

    Occupy wall street protesters will get thrown in jail if they object.

    Wall Street wins again...
     
    #10     Nov 1, 2011