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MF Global: Independent Investigator Required…Video

Posted by Larry Doyle on May 9, 2012 9:37 AM |

I have written extensively of the need for an MF Global grand jury and an independent investigation. Why?

I feel  strongly that MF Global customers specifically and the American public at large believe a fair and thorough adjudication of the ENTIRE MF Global bankruptcy is far from assured under the aegis of our Department of Justice.

Strong charge, no doubt, but who would deny that simple reality.

Having made these calls and posted numerous commentaries to this effect, let’s go to the videotape and take in a fabulous 5-minute clip on this hot button issue which ran late last evening. 

Representative Grimm remains in the Sense on Cents Palace of Purgatory but if he keeps this up, he will be out of there in no time and on his way to the Hall of Fame.

Remember, without the truth, there can be NO trust!!

Who else believes we need an independent counsel and investigation of this MF Global mess?

Larry Doyle

Isn’t it time to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook?

I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • Obsvr-1

    Yes, but not just investigate and call congressional hearings (Political Theater), I have seen that movie a few too many times.

    Need to prosecute and jail the offenders … or do some old testament justice and let the affected farmers take a “pound of flesh”.

  • Peter Sivere

    Agree to an independent investigation but Grimm calling for it is rather odd. He may soon be investigated by the FBI for possible fundraising violations. While I do not know the details of his issues, I tend to agree with his opponents assessment of Mr. Grimm.

    Update: Mr. Murphy’s (Grimm’s challenger this cycle) campaign piles on with a rather critical statement from his spokesman, Nathan Smith:

    “Michael Grimm has shown himself again to be just another politician who will say whatever it takes to get to Washington and do whatever it takes to stay there. From his pay-to-play politics in Washington to running a rotten to the core petition operation and, of course, the well known alleged investigations into his shady fundraising – Mike Grimm has pulled off a hat trick. This is a faltering campaign that just can’t seem to shoot straight.”

  • Obsvr-1

    Good article on how Bankruptcy law and loopholes are used by the Fraudsters.

    It’s All About the Fraud: Madoff, MF Global & Antonin Scalia

    • LD


      GREAT link. This paragraph grabbed me,

      The unspoken truth of 2007 financial crisis is that fraud on and off Wall Street just as pervasive in 2005 as in the 1920s. Lehman Brothers, Madoff, and MF Global all featured systemic fraud. Congress and the Supreme Court took a decade from 1929 to 1938 to wake up to root cause of Great Depression, namely securities fraud of 1910s through 1929, and acted accordingly. But today we have come full circle. A servile Congress and federal Courts have precluded just about every means for controlling fraud by large banks and have destroyed investor confidence in the process.

  • Obsvr-1

    Here’s another link that tells the story of the failed Obama DOJ.

    Obama’s DOJ And Wall Street: Too Big For Jail?

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