And now we have this related news.

And proof of the need of this thread:

MF Global Customers get paid If Corzine & JP Morgan Walk

If anyone ever wondered why you just cannot do business in New York, is is the proof. They illegally trade with client funds, lose a ton of money at J.P. Morgan, outside of New York, if someone steals your money and bet it on red at the roulette table in Vegas, as a matter of LAW the casino MUST return the stolen funds since they never had title to them. In New York, the laws simply do not apply if you are a bank.

Here is the settlement for M.F. Global Customers. To get their own money back at a discount no less, they must agree to let Corzine off the hook and J.P. Morgan and this is approved by a Federal Judge who is suppose to be impartial.

- Martin Armstrong

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