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CME putting up new fund to protect against MFG type loses
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Von WC Ohio
Posted 2/7/2012 19:08 (#2212041 - in reply to #2212025)
Subject: RE: CME putting up new fund to protect against MFG type loses



100 million is an insult after at least 1.2 billion just "vaporized" Not to mention it will probably somehow be paid for by some new fee or checkoff siphoned off from the people it is supposed to protect.

In my opinion this is just a token offering trying to buy some good will to keep the casino game going. 

Didn't they always claim that nobody ever lost a cent  in trading because of a brokerage failing.............until MF Global that is. 

Why are those responsible for this "vaporization"  still free and not locked up in the crowbar motel ?  All involved ought to get a life sentence of breaking boulders into #57 stone with a sledgehammer.

 

Edit: "vaporized" is the PC term being thrown about. It did not vaporize it was stolen and plenty of people know exactly where it went.

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