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To me this argument sort of boils down to: if the unions don't steal and partially waste the money, then someone even more corrupt will steal and totally waste the money. I don't find it a convincing argument to justify public sector unions actions as acceptable more than any other parasitic...

don't pay your $2,000 credit card debt - go to jail. steal 1 billion directly from MF Global clients - say you're "really sorry" at a Congressional hearing. don't pay your 1 trillion debt to bank depositors - call up your buddies in Congress and the Fed and get bailouts and 0% loans in...

I agree, risk management is a vital element of trading or investing - pretty obvious. I'm saying that the MF debaucle is new data. To me this event, the lack of prosecution, and the way it is being handled, indicates an unacceptable level of risk in the futures market. If on the other hand...

Sorry but no megabear/goldbug equates a warehouse receipt with physical gold/silver. Goldbugs are all insane conspiracy theorists who believe ridiculous things - like a government so corrupt it would steal gold warehoused under an individual's name in a major depository. Those crazy goldbugs....

Much as I'd like to see him get the nomination, it'll be difficult considering the media effort against him. Once a few more Republican candidates drop out, the media will consolidate around Mittens. Most Americans just believe whatever the TV tells them. What would be really interesting...

Wow. It's one thing when MF steals customer segregated money. Now the government trustee is doing the same with a different type of segregated asset that even MF couldn't touch??? The lack of prosecution and blatant theft here really spell the end for US markets IMO. How can you...

[B]maybe if we stop helping the poor and helpless they'll stop having babies. Oh no he didn't! Whatever the government subsidizes, you get more of. Apparently few people in the US or EU electorate can grasp the fact that if you subsidize irresponsible behaviour - surprise - you get more...

There's a difference between what you believe should be done on ethical grounds and what those in power will do. What is more relevant is what you can determine which others don't yet know. So, given that those in power consistently refuse a detailed audit, what does that indicate...

You can generally sell to refiners at a few percent below spot. So you could cut up your 100 oz bar and sell that way if you chose not to sell back thru Comex. After MFGlobal's theft, I think a lot of people are waking up to the cleptocracy we live in and demanding physical rather than some...

silly rabbit, only banking elite get bailouts

What a typically complex mess of an article which could be simply summarized as: The German electorate is finally sick of being robbed blind. Now the bad debts will be passed on to the moronic American electorate via the IMF.

Two dollars for a pepper?? Dammit the TV told me those trillions in bank releveraging / ecomomic stimulus came without any downside.

Gee... I wonder if anyone thought of that already and is currently doing it...

The Canadian oil currently makes it to Oklahoma. The Keystone extension would carry it to the Gulf Coast where it could be put on tankers and sold to the world market at a higher price. However, when it is trapped at Cushing, it is sold at about 15 - 20% below world price. The benefit goes to...

Why would US want to build a pipeline extension that carries Canadian oil to the world market? We are doing much better keeping it landlocked and buying at 15% below market value.

Ambrose really needs to do some elementary math before writing such bullshit. From the DOE website, available to anyone with curiosity, is a wealth of statistical data. We are nowhere near a domestic oil supply of 72%. THANK YOU - I knew that stat was ridiculous, but was too lazy to...

The gist of your argument is that there "should" be a free market - most of us probably agree. We also probably agree that nobody should steal and we "should" all be kind and ethical. Unfortunately the reality is that the large banks own our government to a substantial degree. They get/steal...

Look everyone, hey, over here, look at me, come see how smart I am - I found an ECONOMIST who agrees with me.

Why oh why does it keep going up? Whine.. I just don't understand - cry. It doesn't make any sense and I can't accept that a brilliant analyst like myself could have missed out - sniffle. The bubble must crash when I say so - BAAAAAAAAAAAAWWWWWWWWWW!!!!! Spend a little more time studying...

You beat me to that comment.