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Just Between Friends 9 Jul 2012 | 06:29 pm
When facts, data and information are gathered, dots can be connected to reveal relationships and new information as patterns emerge. There is a pattern. Scratch just below the surface of who is who ...
Chaos, So Complex and Then Someone Hit a Button! 19 May 2012 | 07:32 am
Listening to the hearings it is now clear: It was the chaos, confusion, volume of trading, voice based transactions, fast computers, slow computers. Then finally “someone pushing a button” that made...
At The Court of Kanagroos 11 May 2012 | 12:20 pm
The moment access to markets and accounts were frozen on October 31st, observers knew this “stinks like a dead fish sitting on the table,” as Congressman Michael Capuano (D-MA) exclaimed when asking ...
The Big Fix Was In 3 Apr 2012 | 09:41 am
He Said, She Said: The CEO, Senator and Governor’s Word Over a Mid-level Operations Assistant. In the December 2011 testimony to Congress, when Jon Corzine was asked exactly who assured him that tran...
CFTC Comissioner Runs From Questions, Admits SEC Should be “Looked Into” 16 Feb 2012 | 11:29 am
Last week on February 12th we witnessed a short, but really testy exchange between CNBC floor reporter, Rick Santelli and CFTC Commissioner Bart Chilton. In the usual blitz fashion, Santelli asked Ch...
MF Global warning: Financial markets have not been fixed 4 Feb 2012 | 01:14 pm
Repowatch.org writes a great commentary “MF Global warning: Financial markets have not been fixed.” This article on Mary Fricker’s great blog is required reading by all who want to understand the me...
Round 2 Hearings Start But Feasting on MF Global Continues 2 Feb 2012 | 10:02 am
A second round of Hearings on the MF Global failure are scheduled by the Congressional Financial Services Committee on Thursday, February 2nd. This Committee has the judicial power to call anyone int...
Financial Institutions Now Offer Money Vaporizers 2 Feb 2012 | 03:15 am
The Wall Street Journal recklessly reported on “vaporizing” of 1.2 billion of customer funds in those last hours of MF Global, Inc’s, existence. We wondered how these new vaporizers worked. Much has...
CFTC Warnings When Bankruptcy Codes Conflict: And a Still Secret Meeting 23 Jan 2012 | 02:51 pm
Last week we witnessed lawyers dueling in the bankruptcy court on the details of exactly what code of law supports customer priority in liquidation of the parts of MF Global Holdings, and gosh!….is ...
Obfuscation, and “Creds” in Big Demand 16 Jan 2012 | 12:23 pm
On November 21, 2011, the Debtors and Creditor Committee filed the Joint Emergency Motion Directing the appointment of Louis Freeh as Chapter 11 Trustee to MFGlobal Holdings, Inc. This appointment wa...
