• 01 Nov 2011 at 4:20 PM

You People Would Like That, Wouldn’t You?

Corrections & Amplifications MF Global acknowledged to federal regulators that it had diverted funds out of customer accounts, and a federal official said the move is possibly in violation of the law. An earlier version of this article incorrectly implied that MF Global had admitted the move violated the law.” [WSJ]

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Comments (30)

  1. Posted by Markus Niku | November 1, 2011 at 4:23 PM

    "Well be in touch" you are missing an apostrophe m'dear!!!!!

  2. Posted by ENE Trader fo' Life | November 1, 2011 at 4:30 PM

    Should have told the customers you were taking it, then just took it. Don't see what the problem would be under that scenario.

  3. Posted by ... elipsis | November 1, 2011 at 4:40 PM

    Is JC going to jail?

  4. Posted by .Bo | November 1, 2011 at 4:43 PM

    Yes. There is a ton of precedent for sending executives of collapsed financial firms to jail. Also highly unlikely he collects a large sum of money, like maybe $12M, upon his departure.

  5. Posted by guest | November 1, 2011 at 4:47 PM

    Tomato.. Tomáto..

  6. Posted by $7.00/hr Trading Oil | November 1, 2011 at 4:49 PM

    First of all, risk takers don't lose money. Their models do.

  7. Posted by Guest | November 1, 2011 at 4:50 PM

    . . . and we would have gotten away with it, too, if it weren't for those meddling accountants!

    - Old Man Corzine, from down the road

  8. Posted by T2 Partners | November 1, 2011 at 4:50 PM

    Our customer accounts have seen a sizable decrease in funds as well.

  9. Posted by the dude | November 1, 2011 at 5:03 PM

    There is also a ton of precedent of not sending executives of collapsed financial firms to jail.

  10. Posted by Guest | November 1, 2011 at 5:07 PM

    Your right! Good Lord. Kill yourself.

  11. Posted by derp | November 1, 2011 at 5:10 PM

    That's the joke.

  12. Posted by Jay | November 1, 2011 at 5:13 PM

    What do you mean, "you people"?

    - Guy hoping people get the reference and appreciate it

  13. Posted by PermaGuestII | November 1, 2011 at 5:17 PM

    But: there weren't customer funds missing from the accounts when Lehman went bk, or when Bear, Merrill, AIG et al got bailed by the Feds. Bankrupting your firm through questionable business judgement isn't criminal.

  14. Posted by Guest | November 1, 2011 at 5:21 PM

    Guns don't kill people. I kill people.

    - Well good for Happy G-oh my God!

  15. Posted by Mexicant | November 1, 2011 at 5:41 PM

    I got it and I think she should be censored, IE comment removed.

  16. Posted by Guest | November 1, 2011 at 5:44 PM

    But where are the customers' jail sentances?

  17. Posted by anon | November 1, 2011 at 5:52 PM

    ummm….what?

  18. Posted by Mable | November 1, 2011 at 5:57 PM

    Learning to use the Internets is the NKI.

  19. Posted by Guesticules | November 1, 2011 at 6:00 PM

    I appreciate the joke. But not the spelling. How would you go with "yacht"?

  20. Posted by Vitriolic Vitriol | November 1, 2011 at 6:05 PM

    Boooooooooooooooooooooooooooooooooo

    I hate everything about youre statement.

  21. Posted by Mexi_Cant | November 1, 2011 at 6:08 PM

    ????

  22. Posted by Guest | November 1, 2011 at 6:52 PM

    Fair point. . .I thinking probably yot?

  23. Posted by Curious | November 1, 2011 at 8:46 PM

    Is that gay tomato?

  24. Posted by guestapo | November 1, 2011 at 9:00 PM

    I get the reference, but "you people" clearly means "you morons at the WSJ who don't get the difference between implying MF Global said they broke the law and not implying that, as they didn't say it at all."

    Anything else you need cleared up?

  25. Posted by guest | November 1, 2011 at 9:01 PM

    You got what? That the you people was referring to the hacks at the WSJ, which it most certainly was? Keep winning it.

  26. Posted by guestapo | November 1, 2011 at 9:01 PM

    no one else can hear the voices in your head. you get that, right?

  27. Posted by Guest | November 1, 2011 at 10:41 PM

    Bankrupting your firm through questionable business judgement is the NKI.

  28. Posted by HFguy | November 2, 2011 at 5:47 AM

    on the contrary, many hedge funds are still awaiting their cash (yes liquid cash) and other holdings in prime brokerage account (also client account) to be returned to them even after 3 years. I know coz we are. Whenever a firm goes down the bastards always have a trick up their sleeve where the clerical morons cant account for client money correctly.

  29. Posted by HFguy | November 2, 2011 at 10:48 AM

    that rant probably sound a weird wtf one. I forgot to add I was referring to accounts in Lehman Bros.

  30. Posted by Bristol Airport Hotels | April 19, 2012 at 8:05 PM

    GOmIH2 Say, you got a nice article. Great.