Click here for an excellent interview with Jim Sinclair. He summarizes the past few entries on his website into this interview. Listen twice, very important information.
February 15, 2012
Updated Feb. 16, 2012
Groovygirl has been out-of-pocket for a few days. Let’s get caught up. MF Global getting more negative press, but still little acknowledgement of the systemic risk and out-right crime that the MF Global bankruptcy represents.
One reason why the government usual suspects have not issued any criminal charges is because they have been denied access to MF Global accounting records and communications. Which, of course, is silly. Click here for the story, the Trustee has “released” some reports to investigators. How nice of him. I think in the real world, this is called obstruction of justice?
Chris Whalen comments on the MF Global crime scene. Click here.
Here is Chris Whalen’s part 2.
And this, former auditor with Price Waterhouse Coopers weighs in.
MF Global is a slowly boiling scandal. It is always the cover up that brings the most damage, rather than the initial criminal acts that are committed by a few.