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CME putting up new fund to protect against MFG type loses
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PeteMN
Posted 2/8/2012 14:40 (#2214042 - in reply to #2213275)
Subject: RE: Ziplock !


E.Central MN
Maybe Congress should impose a "shyster trader" tax on every single trade and make it retroactive to before the MF Global fiasco. When these companies fail to meet their obligations to the account holders, and the CME fails to fulfill its obligation, then the fund could make the account holders whole. I'm sure such a proposal would cause a lot of gnashing of teeth and howls of protest until the predators at the CME figured out it was just a way to keep the chickens coming back to the hen house....and in the future have the chickens pay for it.
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