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Re: After MF Global, futures industry rethinks bailout fund 

By: ribit in ROUND | Recommend this post (3)
Thu, 24 Nov 11 8:04 PM | 54 view(s)
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Msg. 36571 of 45651
(This msg. is a reply to 36565 by capt_nemo)

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captain
...ya ever notice that right after a democrat steals a shipload of money (barney frank, chris dodd, john corzine) they want to pass more regulations instead of tossing the sumbitches in jail???




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
After MF Global, futures industry rethinks bailout fund
By: capt_nemo
in ROUND
Thu, 24 Nov 11 10:21 AM
Msg. 36565 of 45651

OH GOD NOOOOOOOOOOOOO Not restrictions and regulations. God forbid.......What a novel idea, Hope they do it.

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By Ann Saphir

CHICAGO (Reuters) - In November 1986, shaken by traders' losses after a brokerage went bust, the U.S. futures industry considered, and then rejected, the notion of insuring customer funds in a broker default.

The collapse last month of MF Global Holdings Inc, and hundreds of millions of dollars of still-missing customer money, is forcing a rethink of that 25-year-old decision.

Executives at the National Futures Association have been talking with senior management at CME Group Inc and other

http://finance.yahoo.com/news/mf-global-futures-industry-rethinks-060910193.html?l=1


The futures industry seeks to protect customers by requiring brokers to wall off customer accounts from their own funds.

Can't believe this was never put in place...........


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