Friday, December 9, 2011

Scam from on high!

http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/

Here is the skinny on how the systems built in scam has worked. And apparently for some time,
going back at least to the Lehman Bros smash up in 2008. So we can assume this is well known by the so called SEC monitors.

And so now the CEO of MF Global can say everything was on the up and up. And as well legal!
will the investors get their investment funds back? Nope!.... to be non technical.
So it's Medoff but wearing Teflon, in my opinion.

No comments: