[Pheddytrourry]

MF Global and the great Wall St re-hypothecation scandal

intro

12/7/2011

By Christopher Elias (UK)

(Business Law Currents) A legal loophole in international brokerage regulations means that few, if any, clients of MF Global are likely to get their money back. Although details of the drama are still unfolding, it appears that MF Global and some of its Wall Street counterparts have been actively and aggressively circumventing U.S. securities rules at the expense (quite literally) of their clients.

MF Global's bankruptcy revelations concerning missing client money suggest that funds were not inadvertently misplaced or gobbled up in MF’s dying hours, but were instead appropriated as part of a mass Wall St manipulation of brokerage rules that allowed for the wholesale acquisition and sale of client funds through re-hypothecation. A loophole appears to have allowed MF Global, and many others, to use its own clients’ funds to finance an enormous $6.2 billion Eurozone repo bet.

If anyone thought that you couldn’t have your cake and eat it too in the world of finance, MF Global shows how you can have your cake, eat it, eat someone else’s cake and then let your clients pick up the bill. Hard cheese for many as their dough goes missing.
Full article @ link

[fgfblog]

ON PAGE 2 , 10 VIEWS


This story disturbs me greatly and makes me paranoid.






I don't know about this DMac, haven't looked at it yet though.
Jim Willie: JPM Crashed MF Global to avert COMEX failure!
Because DMac says it is must looking at I will, later.


Right now they are saying $1.2 billion left segregated clients
accounts and the regulators were lied to right to the last day
almost, why aren't the regulators doing their job, they were lied
to ? Give me a friggin break. Nobodies futures account is safe,
why hasn't someone been arrested ? What sort of example does
this set ?

a few freaky headlines today
http://drudgereport.com/

[Preorbtat]

That headline reads:

WHERE'S THE MONEY, MOTHER F----ER!!!

[Forex Trading Software]

ON PAGE 2 , 10 VIEWS


This story disturbs me greatly and makes me paranoid.






I don't know about this DMac, haven't looked at it yet though.
Jim Willie: JPM Crashed MF Global to avert COMEX failure!
Because DMac says it is must looking at I will, later.


Right now they are saying $1.2 billion left segregated clients
accounts and the regulators were lied to right to the last day
almost, why aren't the regulators doing their job, they were lied
to ? Give me a friggin break. Nobodies futures account is safe,
why hasn't someone been arrested ? What sort of example does
this set ?

a few freaky headlines today
http://drudgereport.com/

Details to the heist are in a link @ the article I posted:

Did JP Morgan Just Convert 614,000 Ounces of MF Global Clients' Silver into JPM licensed Vaults?

The math appears far too coincidental to me.

[weightpillsnow]

JPMChase is involved, they are first in line to get paid by MF, makes no
sense, get paid with stolen account money, ? ? ? , I highlighted that
in the last thread, anytime I see those clowns involved they are guilty
before being proven innocent, always, they are so innocent you can
somehow always guess that if you look further they will be involved
somehow on almost every big story, and it never fails to see them
involved somehow.

[surefireinvest]

Details to the heist are in a link @ the article I posted:

Did JP Morgan Just Convert 614,000 Ounces of MF Global Clients' Silver into JPM licensed Vaults?

The math appears far too coincidental to me.

Sure as shit they did! The arrogant bastards are thumbing their noses at the customers like Celente and saying "Yeah, we screwed you! And you can't do a damn thing about it!"

Folks, if you have friends and family with commodity brokerage accounts, do them a favor and tell them that they better cash out now. Because their money is not protected and with this "legal" criminal act of MF Global committed that money is officially up for grabs.