“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]
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
"Well be in touch" you are missing an apostrophe m'dear!!!!!
Should have told the customers you were taking it, then just took it. Don't see what the problem would be under that scenario.
Is JC going to jail?
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.
Tomato.. Tomáto..
First of all, risk takers don't lose money. Their models do.
. . . and we would have gotten away with it, too, if it weren't for those meddling accountants!
- Old Man Corzine, from down the road
Our customer accounts have seen a sizable decrease in funds as well.
There is also a ton of precedent of not sending executives of collapsed financial firms to jail.
Your right! Good Lord. Kill yourself.
That's the joke.
What do you mean, "you people"?
- Guy hoping people get the reference and appreciate it
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.
Guns don't kill people. I kill people.
- Well good for Happy G-oh my God!
I got it and I think she should be censored, IE comment removed.
But where are the customers' jail sentances?
ummm….what?
Learning to use the Internets is the NKI.
I appreciate the joke. But not the spelling. How would you go with "yacht"?
Boooooooooooooooooooooooooooooooooo
I hate everything about youre statement.
????
Fair point. . .I thinking probably yot?
Is that gay tomato?
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?
You got what? That the you people was referring to the hacks at the WSJ, which it most certainly was? Keep winning it.
no one else can hear the voices in your head. you get that, right?
Bankrupting your firm through questionable business judgement is the NKI.
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.
that rant probably sound a weird wtf one. I forgot to add I was referring to accounts in Lehman Bros.
GOmIH2 Say, you got a nice article. Great.