"The Entire System Has Been Utterly Destroyed By The MF Global Collapse"

[atticus]

Quote from Jreality:

On her blog she said on Nov. 4th that the is finished paying her federal income taxes because she "refuses to hand her money over to the criminals". She sounds crazy.

Maybe she needed to shut down her business because she would not be able to run a brokerage business if she were to wind up in jail for tax evasion?! :eek:

Right, the irony that's she's offended by MFG and shutters her mom and pop IB by extension. She can state that as I would bet that she's carrying a tax loss this year and therefore would be grateful is she had earned anything that could be taxed.

 

[denner]

Quote from atticus:

The fact that Corzine took the job shows what a fukn muppet he is. NEVER trust a finance-guy with a beard. A goatee is even worse. Run, don't walk.

Agree and just take a look at the likes of Bernanke and Krugman as well. I swear Krugman looks exactly like Bernanke with a hairpiece. Surprised nobody else has noticed this.

 

[MKTrader]

Quote from atticus:

NEVER trust a finance-guy with a beard. A goatee is even worse. Run, don't walk.

Funny. It does seem true in the financial world. I wonder if it's psychological. They know they're plain wrong or clueless beneath all their esoterica and worthless models--so the beard helps them feel "covered."

 

[atticus]

Quote from denner:

Agree and just take a look at the likes of Bernanke and Krugman as well. I swear Krugman looks exactly like Bernanke with a hairpiece. Surprised nobody else has noticed this.

And they've never been seen together. Hmmm.

 

[ammo]

Quote from RedDuke:

I am not so sure that he will serve time. According to everything I read, it is legal under current framework for FCMs to use customer's segragated funds as a margin for certain assets trading. EU sovereign debt fits that criteria.

well they him stopped at the airport trying to leave the country so it's a safe assumption that he will be found guilty of something other than borrowing customer funds for his position

 

[nutmeg]

Quote from atticus:

NEVER trust a finance-guy with a beard. A goatee is even worse. Run, don't walk.

 

[fortunatti]

To clarify, positions held in MF Global accounts were transferred to alternate clearing firms. Account equity was left with the MF Global Bankruptcy Trustee. Meanwhile, customers were then forced to re-margin positions with newly assigned clearing firms in order to maintain existing positions. This is why CME group reduced initial margin down to maintenance margin levels to alleviate a very small amount of pressure on participants.

Quote from rew:

Yes, and that has already happened to many MF Global customers. Their accounts were transferred to other brokerages. But much of their assets were missing or in frozen accounts. So they were hit with instant margin calls. It's a fucking mess. [/QUOTE

 

[Tom B]

Quote from atticus:

The fact that Corzine took the job shows what a fukn muppet he is. NEVER trust a finance-guy with a beard. A goatee is even worse. Run, don't walk.

I have heard the same thing about a pinky ring. Never trust a finance guy with a pinky ring.

 

[shopster]

Ann,

looks like a case of self flagellation 2 me.

back in the counting room at $27.00 a round turn the vault is full.

time for a sail to the greek isles.

please play thru.

cheers,

s

 

[atticus]

Quote from shopster:

Ann,

looks like a case of self flagellation 2 me.

back in the counting room at $27.00 a round turn the vault is full.

time for a sail to the greek isles.

please play thru.

cheers,

s

YES..... that's $27.00 ALL IN. How can she make a profit at that rate?!