The ACD Method

Mark Fisher will be on CNBC Halftime report tomorrow to confront allegations.

 

My second alias has been exposed!!!!!

 

Looks like a difference of opinion regarding technicalities and fiduciary obligations. I don't think, (from what I've seen/heard so far) MBF did anything anyone else wouldn't have done...

We'll see tomorrow I guess?

 

CFTC sues MBF Clearing for allegedly failing to segregate customer accts. MBF: Placed funds in acct. to protect cstmrs from Lehman collapse.

CNBC just tweeted.

 

From MBF website:
"PRESS RELEASE

March 13th, 2012: During the financial crisis, MBF Clearing Corp. invested customer segregated money in a U.S. government money market fund in the strongest bank in the world, JP Morgan. Today the CFTC filed a complaint alleging that the JP Morgan account did not meet the CFTC's requirements for a customer segregated account. The complaint admits, however, that MBF Clearing Corp. was informed by JP Morgan on the actual account statements that JP Morgan sent to MBF Clearing Corp., that the account was, in fact, a “Commodity Customer Segregated Bank Account.” What the Complaint fails to say is that MBF Clearing Corp. had placed its customer funds into the JP Morgan government money market account two days after Lehman Brothers filed for bankruptcy, for the sole purpose of protecting its customers' funds by depositing them in the safest bank in the world and in the most secure investments, namely U.S. government securities. As soon as MBF Clearing Corp. was notified by the CFTC that the JP Morgan account might not qualify for segregation, MBF Clearing Corp. moved all of the customer funds out of this account and reported what had occurred to its designated self-regulatory agency, the CME Group, Inc. Not a nickel of customer money was lost. "

Seneca

 

http://www.businessweek.com/news/20...over-claims-customer-funds-weren-t-segregated

I am posting this because Mark Fisher is quoted here.

 

Does anyone think this is retaliation based on the comments made by Fisher out of the Chicago meeting last week?

 

missed that, what did he say?

 

He said that people are growing increasingly upset with politics in the country, and that if there were a "none of the above" choice on the ballot for president, that choice would get more votes than either of the party's candidates.

 

TBT trading above my monthly A up, GLD trading below the monthly A down. I think we're seeing a real change in some of these instruments. UUP is also above the monthly A up, and it looks to me like the dollar may have put in a short-term bottom on the 29th of February.