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HomeWhat Happened to the MF Global Customer Funds?
Posted by Larry Doyle on November 9th, 2011 6:59 PM |
How is that $600+ million of customer funds disappears from a bankrupt brokerage firm and it is not THE perpetual lead story in every financial periodical?
I know there is a lot going on in the world but this story blows them all away because it strikes at the very heart of our financial markets.
If customers do not have a deep faith and strong belief that their assets are segregated and protected why would any customer maintain an account with any broker? I wouldn’t. (more…)
Is Jon Corzine “Too Big To Be Indicted”? Part II
Posted by Larry Doyle on November 7th, 2011 7:01 PM |
I thank all those who took the time to share with me their concerns about the seeming violation of customer accounts at the now bankrupt firm MF Global.
Without the sense and belief in the safety and integrity of deposits and assets, I firmly believe customers would pull their funds and investments from any and all institutions in a heartbeat. Runs on the bank would clearly lead to a severe economic decline.
The fact that MF Global seems to have violated the sanctity of its customer assets has justifiably shocked many on Wall Street. Anybody with a bank or brokerage account at any institution should be equally shocked and concerned. Why? (more…)
Random Sense on Cents
Posted by Larry Doyle on November 1st, 2011 11:02 AM |
The freak storm that ran through New England over the weekend has left millions without power including yours truly. While the power outage has been more than a nuisance, a number of developments on our global economic landscape deserve comment. On that note, I am compelled to address the following: (more…)
