Money From MF Global Feared Gone
- Thread starter Banjo
- Start date
Long days ago, when the world was more honest and simpler, I was sitting in the office of a banker friend who happened to remark [I don't remember the context] that "money doesn't disappear - it only changes hands". What an eternal truth! Investigators, in this electronic age, should be able to track down the missing millions at MF Global.
If books do not balance, or the data has been erased, or the money can't be traced then the management at MF Global is really no different from the pick-pocket on the train who swipes your wallet. And should be caught and treated the same way.
If books do not balance, or the data has been erased, or the money can't be traced then the management at MF Global is really no different from the pick-pocket on the train who swipes your wallet. And should be caught and treated the same way.
And to repeat what I said earlier, the "poor" includes millionaires. If you're a successful trader, entrepreneur, etc., you won't get special treatment unless you're an insider (Buffet, Soros type) or belong in circles like these:
http://thinkmarkets.files.wordpress.com/2011/12/crony-capitalism.jpg
:eek: 
When can funds be expected out of the bankruptcy - and how much? Some people are still waiting for funds from the Lehman bankruptcy.
Isn't it better to grab 90% offered by some buyers of these claims, like Prime Shares, Contrarian Capital, UBS Investment Bank, Tannor Capital and others now and put the funds back to work? A claimant might never get 100% - perhaps 95%!
Felix
Isn't it better to grab 90% offered by some buyers of these claims, like Prime Shares, Contrarian Capital, UBS Investment Bank, Tannor Capital and others now and put the funds back to work? A claimant might never get 100% - perhaps 95%!
Felix
lol