Jeff Carter
Read an article in the WSJ that the $1.2 Billion of customer funds that are missing will never be recovered. Sad news indeed.
However, why are the reporters sugar coating the incident with soft verbiage? The money hasn’t vaporized as they write,
Read more: http://finance.townhall.com/columnists/jeffcarter/2012/01/31/truth_is_mf_global_stole_12_billion
Read an article in the WSJ that the $1.2 Billion of customer funds that are missing will never be recovered. Sad news indeed.
However, why are the reporters sugar coating the incident with soft verbiage? The money hasn’t vaporized as they write,
The truth is it was STOLEN.As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a “significant amount” of the money could have “vaporized” as a result of chaotic trading at MF Global during the week before the company’s Oct. 31 bankruptcy filing, said a person close to the investigation.
Read more: http://finance.townhall.com/columnists/jeffcarter/2012/01/31/truth_is_mf_global_stole_12_billion
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