MF Global: Nightmare with No Waking Up

December 9th, 2011
in econ_news

video-cartoon-characterEconintersect:  A ten-minute cartoon video by Ron Hera of Hera Research, Seattle, explains what is alleged in the MF Global case and how it relates to the development of the financial system in recent decades.  This video makes one of the most direct and straightforward attacks on the structure of the financial system that Econonintersect has yet seen in such a brief and concise format.  There is one warning:  Do not watch if you have an aversion to hearing the word "allegedly."  The video follows the continuation break.

Follow up:

mf-global-explained-video









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1 comment

  1. Dig Deep says :

    John: In regards to MF Global;

    Just learning about re-hypothecation

    http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/

    and the most unsettling article I've read
    http://www.zerohedge.com/news/why-uk-trail-mf-global-collapse-may-have-apocalyptic-consequences-eurozone-canadian-banks-jeffe

    We work for decades (age depending) to have our savings exposed to untold risk and the gambling grows.

    No surprise about CB's unlimited liquidity and lower collateral -- increasing leverage to infinity.

    The new normal for leverage and risk we would never have dreamed of 15 years ago.

    Doug





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