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Re actual abilitybor willingness to honour withdrawal requests - yes, I did not want the the one to say it. Get up earlier than the bankers. I worked for a broker that had its credit line cut because it had same word in the name as a legally separate affiliate that was closed. Everybody...

Thats what I was referring to.

I disagree with the don't start a run posts. Get your money out - look after yourself, no one else will. Somebody will probably come in and say I/people who pull funds are unpatriotic - ask them if they will secure your funds with their house and Kids college funds if that is the case...

No, I did not lose anything, I was with the FCM side that was taken over by MAN. I'm sorry to say that this situation sounds more like the Refco Corporate side where people lost funds - although I think Jim Rogers got his back - he claimed he had asked for the funds to be put with FCM, but...

Sounds a bit like the Refco situation where for a percent or two more you basically signed away the ownership so what you thought was your asset became Refco's asset. Remember how Refco's laywer contended that the clients assets were in fact refco's assets because of this distinction (Jim Rogers...

Nobody wil be investigated by the formal machinery. They are above the law. Thats right, America has people above the law just like in the old third world dictatorships. No independent looking to make a name for himself like Spitzer will touch it as the people hurt were short, so the...

I think its just a repo agreement at present.

Just a dream for them now - or at least until that FCM insurance makes them whole - which it never will coz it is just cosmetic , carefully crafted to make the casual reader feel he has some kind of protection when he hs none.

"Saturday August 18, 12:25 PM Sentinel files for Chapter 11 bankruptcy NEW YORK (Reuters) - Sentinel Management Group Inc., a U.S. futures commission merchant whose decision to freeze client accounts on Tuesday helped roil global financial markets, filed for Chapter 11 bankruptcy protection...

Subject to the bearer being a known member of the moral hazard appreciation society. Everyone else can just take their reposessions notice like a man. Markets can go up as well as down, tsk tsk it's not as if you werent told. Join the society did you say? Who was your father?, nope sorry, don't...

I think you will find that kind of thing becomes meaningless if things really fall apart. Even fundamentals become meaningless. I am amazed to hear talk of FIb retracement levels etc under the current market conditions, but then I don't regard this as a normal bull market correction having been...

Second para was obviously tongue in cheek. Having been through this in Asia I will tell you that everybody who had money in non bank financial institutions had to wait 5 years to get back their guaranteed money. A friend who had been living off interest on her deposits was put into dire straits...

Run on CFC's banking unit would have spread. In a fractional reserve banking system unnaffected banks become affected very quickly. There will be more and then what will he do? If you want to withdraw your money choose a quiet sleepy branch in the middle of nowhere. Bush will probably...

Yep, smaller caps just started trading water and nobody was ramping anything anymore. Volume breakouts faded away.

Bernanke would not have known what to do on his own, none of his text books had chapters on this. The sight of his stupid bearded schoolmaster face just makes me angry.

There was a run of CFC's banking unit, that would have spread and was probably the stimulus. However all the idiot Schoolmaster has done is tell the rest of the world that the problem is every bit as bad as their worst estimates. Short US markets and currency. How well did Greenseniles...

Theyve been talking about it for days, but someone KNEW - just look at Hong Kong which is where they always do the actual positioning - linked to US via peg but not US so more difficult to investigate than if in US. That said yesterday's late US rally was pretty suspicious. Looks like the...

Who do you think came in and bid Hong Kong up late in Hong Kong afternoon? Who do you think would have known to do that as they do on other occasions?. Fucking bent Fed and all its friends. Filthy rotten to the core US Govt and CEO club. Buying time so they can offload. Disclosure: Short in a...

You want to check out how much of China's economy is exports and what percentage of that is for US companies and US markets. China has been trying to stimulate domestic economy and consumption because it is too dependant on the US via export manufacturing. That is why Korea and Japan* have been...

Wow, they can do this? Sounds a bit like the Refco situation where for a percent or two more you basically signed away the ownership so what you thought was your asset became Refco's asset. Remember how Refco's laywer contended that the clients assets were in fact refco's assets because of this...