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WTF? MF Global stole nearly a BILLION DOLLARS OF CLIENT MONEY IN LAST 72 HOURS???

 
SR37
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User ID: 3984663
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11/01/2011 08:36 AM
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WTF? MF Global stole nearly a BILLION DOLLARS OF CLIENT MONEY IN LAST 72 HOURS???
[link to www.zerohedge.com]

What began as nearly $1 billion missing had dropped to less than $700 million by late Monday. It is unclear where the money went, and some money is expected to trickle in over the coming days as the firm sorts through the bankruptcy process, the people said.



But regulators are examining whether MF Global diverted some customer money to support its own trades as the firm teetered on the brink of collapse. If that was the case, it could violate a fundamental tenet of Wall Street regulation: Customers’ money must be kept separate from company money.
Safia

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11/01/2011 08:50 AM
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Re: WTF? MF Global stole nearly a BILLION DOLLARS OF CLIENT MONEY IN LAST 72 HOURS???
They'll get a slap on the wrist and a fine that will go to the government and the screwed customers will get nada.
SR37 (OP)

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11/01/2011 08:53 AM
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Re: WTF? MF Global stole nearly a BILLION DOLLARS OF CLIENT MONEY IN LAST 72 HOURS???
Especially since Corzine is Obama's buddy.

This is why the OWS folks don't have credibility. They are spouting off Democrat points of how it's always Republicans who want to steal to be rich. Democrats are JUST as guilty, but you won't hear them admit that.