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HomeIs Jon Corzine “Too Big to Be Indicted”? Part VI
Posted by Larry Doyle on December 15th, 2011 10:22 AM |
The ongoing saga to determine what may have happened at the critical points of demise within MF Global continues again today.
I once again encourage you to grab both a large popcorn and a barf bag while witnessing the House Financial Services Committee Hearing re: MF Global.
Will the committee members have the balls to drill down and address the critical questions as to who knew what and did what to violate the sanctity of segregated customer funds totaling a cool $1.2 billion at MF Global?
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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…)
