muses of the moment

February 28, 2012

MF Global: Comedy, unless you are still out 30%

Filed under: MF Global bankruptcy — totallygroovygirlfriday @ 1:12 pm

Click here for a post from Janet Tavakoli entitled MF Global: Crime, Comedy, and the Cover-Up.

It would be really nice if MSM could cover this Crime Story of Century….oh, gg forgot, they are covering it. The money vaporized, no, wait, it was sloppy book-keeping. How can they say this stuff on national TV with a straight face? This is the biggest crime story you will never hear about.

The habitual filching of customers’ funds — even if the funds are later replaced — goes way beyond sloppy bookkeeping. It goes way beyond bad judgment. Just because MF Global got away with it for a long time before it blew up in its face doesn’t mean one can call it sloppy bookkeeping and have any reasonable person believe it. If federal investigators and law enforcement people want to make public statements like this, one should investigate corruption in their ranks. They seem to be providing undeserved excuses as a trial balloon to see if it will fly. Nice try, but it’s not working.

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