Monday, January 30, 2012

I Sent My Money on a Three Hour Tour with Captain Corzine & Never Heard From It Again

you's pays your money and you's takes your chances

Many officials now believe certain employees at MF Global dipped into the "customer segregated account" that the New York company was supposed to keep separate from its own assets -- and then used the money to meet demands for more collateral or to unfreeze assets at banks and other counterparties as they grew more concerned about their financial exposure to MF Global.

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