DealBook's Week in Review: Nobody Is HappyNew York TimesInstitutional investors joined in on proxy fights, JPMorgan's front-line regulator faced a fiery round of questioning, Nasdaq's plan to settle Facebook claims met investor anger and th…
Tag Archive for Mf
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The Boy Wonder of the MF Global nightmare
by Bears Chat at The Wall Street Examiner • • 0 Comments
Who is James Koutoulas and how did the 30-year-old commodities investor end up leading the charge to recover $1 billion for customers from one of Wall Street’s biggest bankruptcies?
http://finance.fortu…bal-bankruptcy/
Bears Chat, Best of the Forums, Must Read
Physical silver surges to record 30% over "spot market" value
by Bears Chat at The Wall Street Examiner • • 0 Comments
link
One of the main reasons why we have been not so focused on paper representations of real currencies (i.e., gold and silver) is that ever since the MF Global debacle, in which it became all too clear that if physical gold can be “hypothecated” via…
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MFGlobal trustee adds allocated PM bars, warehoused at MF, to ‘common assets’ group
by Bears Chat at The Wall Street Examiner • • 0 Comments
Barrons link
Excerpt:
The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of t…
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Regulators Hot On The Trail of Missing MF Global Customer Cash
by Bears Chat at The Wall Street Examiner • • 0 Comments
“We certainly don’t want to lead anyone to believe we don’t know what happened. We do know, and we see where all the transactions went,” she said.
In an interview, Sommers told Reuters that just because money was transferred out of a customer account …
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Corzine Testimony Christmas Carol
by Cody Penn Dent • • 0 Comments
Jon Corzine’s testimony could have been sung as a Christmas Carol: (Sung to “God rest ye merry gentlemen”) I guess you clever gentlemen Are wondering what I’ll say. Will I cite the 5th amendment Or did I come to play? Well I will tell you everything On this December day. You see, I don’t remember…
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Ring in the Holidays!
by Cody Penn Dent • • 0 Comments
While market robots find ways to make the most options contracts expire worthless today, allow me to bring you some early holiday cheer, a new holiday carol to share with friends and family! I have bet that the Santa Rally won’t materialize this year. One factor I didn’t mention is liquidity: we are soon likely…
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Rising Cesspool Lifts All Floaters
by Lee Adler • • 0 Comments
Europe slid down a Greece slope and the MF’er Corzine blindsided investors, but a record increase in foreign central bank buying and a renewed Treasury buying panic flooded the US markets with liquidity, lifting all the stinkers in the US bowl.
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Spooky Market On Halloween
by Lee Adler • • 0 Comments
The market did a spooky about face on Halloween. Was it those MF’n goblins, or Wednesday’s pending appearance of the ghoulish financial grim reaper of the elderly, Bernanke? MUAAAAHAHAHAHAHAHAHAAAAAA!!!!
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WPost: Obie flipflops, now says he’ll agree to cut Social Security
by Bears Chat at The Wall Street Examiner • • 0 Comments
Washington Post:
I have no problem with delaying the eligibility age. Makes sense with people living longer – if you want 20 years sitting in an armchair waving at the servants, pay for it yourself.
But there’s NO way any cuts to SS should happen b…
