mf global Options

[dharma]

this is off topic for this board, but i felt it was worth the post.
http://jessescrossroadscafe.blogspot.com/
yesterday afternoon, jesse posted this piece. apparently, and obviously all the facts are not yet known. But what is known is that customers are missing assets from their accounts. one of the main safeties of having an account @ a broker is your account is segregated and supposedly cannot be touched. apparently that is not the case when the ex ceo gs runs the company. read jesses expose and be alert
dharma
comments are always most welcome

[dharma]

interesting to me, that 600million is missing from folks segregated commodity accounts and there is little interest. they can easily come and do that in anyones account
and the perpetrators walk free. i guess its ok to do that when you are former ceo of gs
dharma

[dharma]

update from forbes:
http://www.forbes.com/sites/francinemckenn...how-when-where/
dharma

[dougie]

anyone know how to handle this? Backyard seems the only option

[rooster]

I do my trading with one of the 5 Canadian Banks. Does anyone know if this sort of thing could happen with my shares?

[dharma]

here is a casualty of mf global, another brokerage firm . this letter is worth the read
barnharadt folds, read em and weep

excerpt
The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.
http://barnhardt.biz/
dharma
where is corizine? indicted? free? you guess

This post has been edited by dharma: Nov 18 2011, 12:01 PM

[stubaby]

here is a casualty of mf global, another brokerage firm . this letter is worth the read
barnharadt folds, read em and weep

excerpt
The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.
http://barnhardt.biz/
dharma
where is corizine? indicted? free? you guess

dharma:

Latest Jim Willie worth the read:


Gold & Whirlwind Crisis


stubaby

[dharma]

this is what i have been alluding to
http://www.321gold.com/editorials/denninge...nger112211.html
dharma

[dharma]

puplava interviews anne barnhardt.
http://www.financialsense.com/financial-se...global-collapse
dharma

[dharma]

from barrons on mf global
http://online.barrons.com/article/SB500014...glenews_barrons
jesse wades in on mf global
http://jessescrossroadscafe.blogspot.com/2...e-customer.html

dharma