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Both the Commodity Futures Trading Commission and the Chicago Mercantile Exchange were charged with overseeing MF Global, their clearing member. If we are to believe them, they had no idea of any difficulties within the firm before customer accounts went missing just a few days before the collapse. But someone clearly knew of the cratering positions and imminent collapse of MF Global, as billions of dollars of accounts were "coincidentally" withdrawn. And what do the Koch brothers say was the reason for these withdrawals? There's been no comment.
For those still battling the excesses of 2008 and those occupying Wall Street, this has been another proof of the inside, "fixed" operation of the financial markets. When banks go wrong, betting big with other people's money and losing, they can be sure of a bailout that guarantees their bonuses and businesses. And when firms are tailspinning to disaster, the richest and most financially influential partners are sure to get a phone call -- a "heads-up" - to save their assets and leave regular people with the mess.
reply to post by newcovenant
But we need to keep in mind a third candidate or party will not fix anything
Originally posted by fnpmitchreturns
reply to post by newcovenant
But we need to keep in mind a third candidate or party will not fix anything
So, we should keep supporting the same corrupt self serving system? Are you a troll who is in fear that their power structure would be threatened by a "peoples party". I call dog squeezens on that ......
The third party is the only way to go other than violent overthrow of the oligarchy.....
You don't seem to understand that the "placebo effect" doesn't only apply to medicine ... it also applies to political beliefs and theocratic religous idiology...... more than 30 percent believe so blindly that their mind will never allow them to see that they have been decieved,