MF Global did Free Market the right way. We should salute them.

[Captnkirk]

there can be no markets with out confidence that accounts are secure and trades will be honored. I called my congressman (he's on the financial services committee) and asked him why Corzine and the other executives are not in jail. l would think everyone on this forum should do the same and put the scum where he belongs.

 

[Random.Capital]

Quote from Chausey:

Excuse me, how is this different?

Because this isn't a case of someone buying a bunch of bananas and discovering that one or two of them weren't as ripe as the skin color would suggest. MF entered into a contractual obligation with its clients - an obligation they violated to line their own pockets.

That's just plain wrong, and has nothing to do with "capitalism".

It's just looting, plain and simple.

 

[Chausey]

Quote from Random.Capital:

Because this isn't a case of someone buying a bunch of bananas and discovering that one or two of them weren't as ripe as the skin color would suggest. MF entered into a contractual obligation with its clients - an obligation they violated to line their own pockets.

That's just plain wrong, and has nothing to do with "capitalism".

It's just looting, plain and simple.

It is looting according to government courts and a contract backed by government. Can we depend on them to enforce it and make sure it doesn't happen again and return the money? No. Some will say what they did is illegal, others will say that's a good short term return.