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Sunday, June 24, 2012

MF Global’s Billion-Dollar Loophole - Common Sense - NYTimes.com

MF Global’s Billion-Dollar Loophole - Common Sense - NYTimes.com

1 comment:

  1. The notion that customer assets were safe was a sham. ... THE ERROR OF MF.GLOBAL; ...Mr. Malec said. “The whole scandal really opened the eyes of the futures industry participants. Everyone had assumed that segregated funds were sacred, and why not? Prior bankruptcies had always been resolved without clients losing money. MF Global was a disaster, but we believe the end result will be a stronger, better futures industry.”

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