MF Global Scandal:Is Anything Safe!
The phrase ‘Its all about who you know” has never took on more meaning than the recent financial scandal that has rocked the financial market. Jon Corzine who headed MF Global has not been indicted yet for mishandling 500-800 million dollars. I use mishandling loosely since truthfully he comingled the money to his own means and that money is now missing.
I guess if you have friends in high places like President of the United State the rules don’t apply to you. Don’t we all want to be like Jon Corzine and get away with financial murder. Where was the CME Group who are supposed to regulate corporations and actions such as these?
This after all is the futures market and commodities for pete’s sake. What makes this most disturbing is many who own accounts with MF Global are suppossed to be secure from financial shananigans. But with so many investors being shut out of their accounts and don’t have access to cash the question remains: “IS ANYTHING SAFE”!
Protect your self at all times a common boxer slogan is now the new norm for the financial market. With futures and commodities trading being so lucrative its hard to say if even that is not rigged.
At least they can’t take your physical ">