How To Pay Back MF Global Customers 100%

Your suggestion of a FED bailout is rather ironic, as it is plain that the inordinate risks taken by MF Global was to get itself into the league of too-big-to-fail players like Goldman, CITI, etc.
 
Quote from icarus618:

Your suggestion of a FED bailout is rather ironic, as it is plain that the inordinate risks taken by MF Global was to get itself into the league of too-big-to-fail players like Goldman, CITI, etc.
More...

Good point. I just want to see a Fed short-term loan to pay customers immediately, and to repay the Fed back from transactions rescinded with counter parties.
 
The Fed is not allowed to lend money in a risky transaction that is not fully collateralized to the full satisfaction of the board of Governors. I find it doubtful that MF has collateral that is not already seized that would please the board of Governors
 
I say end the fed once and for all and let the exchanges figure out how to "verify" the firms clearing trades on their exchanges actually have funds. US govt should take over and nationalize fed as the first step to transition away from private held centralized banking madness.

When you walk into a casino to play poker, do they make sure your funds are good before you can play? Seems like a simple requirement to me. If you are going to play on the table you gotta have the funds - period!

The only ones who should bailout Mother Fuc**** Global with "loans" is the exchanges or the govt - keep the fed out of it.

The executive and management leadership in these terrible companies should be wiped out of their wealth derived from working during the periods of illegal activities.

The more I see the inaction involved with MF Global losses makes me feel like this is a trial ballon - to see what the system can get away with - or high tech theft accepted by the system and participants involved.
 
Quote from Daal:

The Fed is not allowed to lend money in a risky transaction that is not fully collateralized to the full satisfaction of the board of Governors. I find it doubtful that MF has collateral that is not already seized that would please the board of Governors
More...

Did you hold your nose while typing that? See 2008.
 
Quote from denner:

Did you hold your nose while typing that? See 2008.
More...

The Fed made a lot of money on those loans, its not likely to be the case with a bankrupt company which had already pledged everything to stay afloat
 
You must log in or register to reply here.
Back
Top