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Posts Tagged ‘MF Global scandal’

Libor Scandal et al: The True and Total Cost

Posted by Larry Doyle on December 12th, 2012 8:29 AM |

Would it be even possible to measure the total cost of the manipulation of Libor? A basis point here, a few basis points there and nobody really gets hurt, right? No, not right.

The simple fact is the manipulation of the most widely tracked short term interest rate in the world comes with the same very real costs attached to all forms of corruption, including the money laundering scandals at HSBC, Standard Chartered and who knows how many other institutions.

What are these costs?  (more…)

Serwinski: “Corzine May Have To Go To Jail”

Posted by Larry Doyle on September 11th, 2012 4:09 PM |

The MF Global scandal is now in the rear view mirror, right?

Not so fast.

Although I do not believe that “this” Department of Justice has fully and properly pursued or might still indict Jon Corzine and other executives involved in the misappropriation of MF Global customer funds, the intrigue surrounding this travesty has life.

On that note, let’s “get Jon Corzine back out here” so we can take another swing at this pinata. How so? Let’s go to the videotape as Fox Business’ Charlie Gasparino reports,  (more…)

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