Skip to main content

Congressman Breaks Down MF Global Situation In A Way Colleagues Can Understand

  • Author:
  • Updated:

"4:55PM Rep. Neugebauer invokes Bill Nye the Science Guy with a water bottle experiment meant to demonstrate the difference between customer and firm money. In Neugebauer's demonstration the water bottle is the customer accounts, with a black line to represent where it cannot go below. An empty glass is MF Global with a black line it needs to get up to. He pours out all the water bottle into the cup." [Deal Journal]