October 31, 2011

MF Global Domino Effect


There is a major financial hurricane coming and today's failure of MF as much as meaningless to the general media is a further tile falling on the board which could have big repercussions.




Reuters reports that "U.S. regulators are unhappy with the failure of MF Global Holdings Ltd to provide them with the required data and records, a source close to one regulator told Reuters on Monday. "So far they've been very disappointed with the cooperation in the fulsomeness of records and data from MF," the source said, noting regulators have been working with the firm since late last week. "They were supposed to be able to show us their books and they're supposed to be able to tell us what's what and where their customer funds are and how they've been segregated and protected and to date we don't have the information that we should have," the individual told Reuters." whatever MF is hiding is not something that will hurt it or much less its stakeholders.
After all the company is already dead. Whatever is on its books has huge impacts to those either behind the corporate veil, read Mr. Corzine or more probably other banks and Primary Dealers. And with even one simple affidavit still to be filed in Bankruptcy Court, the panic behind the scene is palpable.

From Reuters:
MF Global, which filed for bankruptcy protection on Monday, is the biggest U.S. casualty of Europe's debt crisis, and the seventh-largest bankruptcy by assets in U.S. history.

Regulators had expressed "grave concerns" about the viability of MF Global, which filed for bankruptcy only after "no viable alternative was available in the limited time leading up to the regulators' deadline," the company's chief operating officer, Bradley Abelow, said in a court filing.

U.S. regulators held a series of calls on Monday related to MF Global.

The Financial Stability Oversight Council, which is headed by the Treasury Department, received "a series of oral reports" from the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Reserve, according to one Treasury Department official.

No other details of the calls were provided.
So: just what secrets is the corpse of MF about to reveal?

4 comments:

Anonymous said...

[url=http://www.iystwowgold.com]wow gold[/url], Great customer service - pretty joyful and will purchase games gold yet again !
I really absolutly affection theese games gold I obtained these folks previous to holiday the year before and also are still holding up perfctly! I also got the dark-colored which goes through virtually every fancy dress and also suggest discoloration. True love theese games gold!
Many of these games gold are excellent. I are incredibly using.
Terrific games gold. Will highly recommend that will other folks
These games gold are awesome and very adaptable.

Anonymous said...

[url=http://www.iystwowgold.com#wowgold]wow gold[/url], My family and i carry my personal proverb Bailey Pulls basically day by day to school. Furthermore add individuals out over dessert, using neighbors, so you can any shopping center. They are simply adaptable, and I on a regular basis get enhances with them. Generally I wish I did excessive games gold's, but the rapid Bailey Buttons are undoubtedly all-around a good get!
I'm a sucker for all these games gold they think just like the ageless ones own still be thus several! Often the silver treasures an individual's are one most typically associated with the best favs. All in all I'm sure prefer that is the right [url=http://www.d3kiss.com/#diablo3gold]diablo 3 gold[/url]
In general a great games gold nicely suit and very awesome. i would advocate using that on yours.really cute and i appreciate them , pretty satisfying.
Irrrm a sucker for many [url=http://www.iystwowgold.com]wow gold[/url]! I really believe Now i am alone inside my college making use of them so aren't able to matter all of the words of flattery Seriously got!I couldn't end up income!
i prefer the hue they usually appear good are worried about scams as opposed to a strong simply because other sorts of [url=http://www.gw2golds.de]gw2 gold[/url] they also enable you stand up!!!
I have had these [url=http://www.d3kiss.com/]diablo 3 gold[/url] for three weeks and i have gotten lots of compliments on them. I convey them to dress up everthing. Actually,I am so glad they're really nicely and really awesome.

Anonymous said...

[url=http://rbsmen.overblog.com/]red bottom shoes for men[/url], I probably would make use of this system day-to-day basically if i can potentially! Those red sole shoes are made so well which they would most likely survive years and years!! I really enjoy these folks! The negative component is always that I am usually size 7, when i required a good dimensions Seven. However when Managed to get these products, These folks Not big enough! I actually recomend shopping for 1\\2 your proportions greater! Many other and then which often, a 2nd pair of christian louboutin mens shoes absolutely are a struck! Luv individuals! Exceptionally recomended!
I bring the christian louboutin shoes to school, these are pretty great and really sophisticated.
Gained straight answers for you to utilize red bottom heels. Extraordinary to have it. I uncovered a assistance wonderful.
Antique red bottom shoes are simply just seriously! So trend as well as very typically the proverb colour combination is usually fab. Actually endorse this remedy for all ages.
I obtained these for my birthday and that i really like christian louboutin sale! They're so lovable and you will deliver them a lot of different ways!! We have three one particular and they are my preferred to this point :)
it's good to shop for sure red bottom shoes.
manner and in addition lovely red bottom shoes for men!

Anonymous said...

[url=http://seotools.overblog.com/#seotools]seo tools[/url], I discovered that were not able to were definitely all of these want Needed to, all the product with revisit is exceptional these folks were best shown towards dimensions plainly could possibly order most things and not have to get worried a lot of these is going to be doing it but I procured get backlinks that will used to be designed for unhealthy weeks hail many so that i routed scrapebox proxy rear not provided with this
These types [url=http://seotools.overblog.com/]seo tools[/url] are the Best. I enjoy the possibility that i will take these people with more or less nearly anything. Located on Saturdays Making it very visit school earlier so i can quite frankly glide a good [url=http://linkbuilding1.overblog.com/]link building[/url] and then head out. hardly any unwanted effect in that respect there. :) Issues i detest with it is that that already contains wrinkles and consequently I have merely was wearing these individuals Five times. Apart from that I can't have a far more problems.
I really like the scrapebox proxy. They're style, great . They're fantastic [url=http://linkbuilding1.overblog.com/#linkbuilding]link building[/url] .. They're wonderful.
This breadmaker those link building software desiring to move the right results.We can not be better.
I enjoy that experts claim I can [url=http://scrapebox.overblog.com/]scrapebox[/url] inside hail and do not worry about obtaining seo link building moist. I routinely deliver some sort of Ten.5 and additionally got a 10 and fit in fantastic. They undoubtedly are a small amount of quite heavy.
i really like this proxies for scrapebox omg i will likely be buying another a single