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HomeWe Need an MF Global Grand Jury
Posted by Larry Doyle on January 30th, 2012 9:53 AM |
I still very much have the “sense on cents” that many on Wall Street and in Washington desperately wish that l’affaire MF Global would just fade away.
Let’s work hard to make sure that does not happen and that the MF Global customers who may NEVER see THEIR money again at least receive some justice in return.
NEVER see THEIR money again? Is that right? (more…)
Is Jon Corzine “Too Big to Be Indicted?” Part IV
Posted by Larry Doyle on December 8th, 2011 8:58 AM |
With most eyes and ears today fixated upon Brussels to see what version of “charades” will next be played by the European heads of state in an attempt to save their union and their euro, there should actually be a slightly more entertaining ‘show’ on Capitol Hill today.
What ‘show’ might this be?
The testimony provided by the recently humbled and one-time Wall Street titan and Democratic political bigwig Jon Corzine in the ongoing saga of MF Global.
What really happened at MF Global? Who knew what and did what? (more…)
Is Jon Corzine “Too Big to Be Indicted”? Part III
Posted by Larry Doyle on November 22nd, 2011 4:29 PM |
This commentary runs a little long, but I exhort you to read it in its entirety as it captures the sentiments of readers who are extremely close to or actually “in the MF arena.” Their messages are filled with real pain and anguish which is not found in the media. This is reality. I hope you will want to share this post with your friends. LD
As if $600 million in missing customer funds were not enough, recent news emanating from the debacle that defines the bankruptcy of MF Global puts the estimated misappropriation of customer funds at a cool $1.2 billion. Yes, billion with a B!
Those involved in the markets would easily ascertain that those manning the MF Global ship redirected these customer funds in an attempt to save the ship as it was going down. The customers themselves remain in a state of shock and bewilderment as to how this reality might ever have come to pass.
Meanwhile, the outrage in America burns while the lack of trust and confidence in the markets, the market makers, and those charged with protecting investors grows stronger by the day.
You don’t believe me? Read on and chew on these messages I recently received from people “in the arena”: (more…)
