can you imagine these guys actually got away with this

[davidd]

I guess CRIME does pay.:)

http://news.yahoo.com/no-one-charged-crime-mf-global-collapse-111056124–finance.html?_esi=1

[Andrew]

“… the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.”

Yet another truly sickening example of how the financial industry is indeed “a wasteland of greed and corruption.”

I worked on Wall Street for ten years and although I have a some money invested in Europe, I have had ZERO invested in any Wall Street firm since 1999 – that’s how much confidence I have in them….

Scott

[waggoner41]

[quote=”davidd”]
I guess CRIME does pay.:)

http://news.yahoo.com/no-one-charged-crime-mf-global-collapse-111056124–finance.html?_esi=1

[/quote]
This seems to be pretty typical of the American financial industry.
“Borrowing” money from client accounts to cover the losses seems like it should be a criminal act.

[sprite]

This MF Global story broke in October of last year. It has been a scandalous series of related developments since then culminating in the following headline: ALL LEGAL BANK DEPOSIT PROTECTIONS ARE NOW OFFICIALLY GONE. Govern yourselves accordingly.

http://www.shtfplan.com/headline-news/warning-get-your-money-out-all-customer-deposits-in-the-united-states-are-now-the-legal-property-of-jp-morgan-goldman-sachs-megabanks_08122012

[Author]

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