"The Entire System Has Been Utterly Destroyed By The MF Global Collapse" - Presenting The First MF Global Casualty

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Richard Chesler's picture

Its a big club and you aint in it.

 

Pladizow's picture

I'd like to think this is the begining of a trend but pessimistically I think some new or existing scum bag will step in to fill the position!

nope-1004's picture

Cudos to you Ann.  Well said.

For 4 years most here have been writing about the insane corruptness present in the financial world.  There is no market.  There is a perception market.  We need more people like you to come forward.

Careless Whisper's picture

but, but, no one ever lost a penny, according to the head of cme group, at the new "global command center"

http://www.youtube.com/watch?v=m3XpfPXxjbw#t=1m13s

 

redpill's picture

They can't even make the assurances sound sincere anymore.  Confidence is leaking away.  Unrest in the streets, long time hedgies going away, closing up shop, knowing it's better to be out early than get caught late.

It's coming soon.  Can you hear the distant drums?  The echo becomes louder on days like today.

DoChenRollingBearing's picture

+ 1

Yes, it's almost time to head for the hills.

caconhma's picture

Occasionally, a small spark ignites a firestorm. This is how revolutions start!

Chris Jusset's picture

HOLY SHIT ... That is the best critique of our dysfunctional capital and derivatives market I've seen to date!  AWESOME!

TruthInSunshine's picture

Loose translation (for those with little time due to current events or other reasons):

 

NEVER GO FULL RETARD UNLESS YOU ARE AMONG THE CHOSEN SEVERAL HUNDRED OR SO IN THE KLEPTOCTRATIC INNER SANCTUM, IN WHICH CASE, DO AS YOUR URGES/IMPULSES SAY & AT YOUR LEISURE, WITH NO RISK OF LOSSES, BITCHEZ.

T1000's picture

You have to read her blog posts -

http://barnhardt.biz/

She's stopped paying her federal taxes. She is the fire starter. Oh. My. Jeepers. 

He_Who Carried The Sun's picture

This is ridiculous. Tyler Durden, this is NOT the 1st of April and the collapse of some hoax backyard business is all you can come up with regarding MFG fallout? *TsTsTS* I am going to call your Mama tonight!

Actually, there was a collapse last week: a bag of rice tumbled over in Bangkok harbor and by JUST ONE HAIR almost KILLED a mouse.

CompassionateFascist's picture

No, you are quite mistaken. This is symptomatic. One by one, people are waking up, and discovering the nightmare...is real. Too bad Limbaugh mentioned this pretty lady tho. She's now up near the top of the ZOG liquidation list.

Bananamerican's picture

"So long as the government remains criminal, it would serve no purpose whatsoever to attempt to rebuild the futures industry or my firm, because in a lawless environment, the same thievery and fraud would simply happen again, and the criminals would go unpunished, sheltered by the criminal oligarchy."

well, there it is......

Ann on "Ann"

" I am an old-school commercial hedge broker specializing in CATTLE and GRAIN. Farmers, ranchers, etc. Actual hedging of actual cattle and grain using futures and options. Very old-school original"

joshua10's picture

“It is said that men go mad in herds, and only come to their senses slowly, and one by one.” -Charles Mackay

One by one the professional money managers are coming to terms with reality, and have come to realize that even they are just as vulnerable as the rest of us to a godless savage apex predator like Corzine. They are finally realizing what Ayn Rand meant when she said, "You can ignore reality. But you cannot ignore the consequences of ignoring reality."

koperniuk666's picture

rand copied that directly from buddha

I did it by Occident's picture

I guess going full Galt.  She won't be the last. 

T1000's picture

What's the contagion factor on this?

When people find out that MF Global customers were taken to the cleaners, even if their accounts were 'safe', then they see that no one is going to jail, then they see that their lost funds may not come back (or with a severe haircut), when do the people start to connect the dots?

Hello, McFly, Hello...

If 'your' money is in someone else's hands, then it aint yo' money!

 

Widowmaker's picture

No doubt she voted for, and supoorted W fucking Bush.  I can always smell a bushie!

She's a shill just like all the rest, trying to get on the record so that in hindsight can say I told you so. 

Just like bailout-Krastings, all one can eat of the the failure rewarded pie while complaining all the way to the exodus.

Getting out of the business victimized into cushy retirement says it all!!

4realmoney's picture

I agree, although it is all painted black. Come on there are always oportunities.

Michael's picture

If you're going to panic, panic first. Good job BC.

mr1963's picture

I personally think the clawback sent her over the edge. That same lawyer did the same to the people who withdrew monies from Sentinal prior to that blowup. You can't even be smart enough anymore to run from a fire, you have to go back and get in line.

bigkahuna's picture

the shit-storm cometh...

Jay_Son's picture

BEFORE giving any weight to her assessment, take a look at who she is and what she says.  This woman is a right-wing religious wack-job -- she is dangerously crazy.  

http://www.youtube.com/watch?v=aCfbYkXtHuA&feature=related

It gets really good around 6:00, lol.  Apparently, Satan inspired Mohammed to create Islam.  Like I said, dangerously crazy.

buyingsterling's picture

So having what would be considered a rational opinion of Islam 100 years ago (before PC BS took hold) now disqualifies someone from commenting about the business they've been in, day to day for years? You're an intolerant jerk. It doesn't take an insane person so see through Mohammed's power-madness.

Armchair Bear's picture

watching now - awesome!!!  burning koran bookmarked with bacon...

zhandax's picture

Never confuse the fact that the Muslims want us dead with the fact that the bankers want us broke......Two totally different agendas and genealogies.

john39's picture

its easy to be wrong about who is behind all of this... Muslims have been the fall guy for awhile (now who WHO could be behind that?).  She might not have the big picture down, but seem like she got the part about MF Global and corruption pretty well...

rodocostarica's picture

Total nut job. Nice letter though.

t0mmyBerg's picture

Yes, a religious whackjob.  On the other hand, if you aren't at least a little nervous about the idea of sharia and the ability of the other religious whackjobs known as mulsims to try to start importing it here (it is after all the stated goal of several muslim groups), then you are not paying attention.  Like many trades I seem to do, she is simply early.

Jay_Son's picture

I certainly can't compare your intellect to hers, but your ignorance of Islam is just as bad.  Sharia is not coming to the United States.  I know this is going to be hard to wrap your head around since Fox News has told you otherwise, but "Sharia Law" in the U.S. boils down to parties, i.e., marriage, business, etc., voluntarily entering in to ARBITRATION/MEDIATION agreements.  These arb/med agreements, like all others in the US, outline the how disputes are to be resolved.  Where "sharia" is involved, both parties agree beforehand to resolve their - mostly family - disputes according to Islamic presciptions.  STOP USING FOX NEWS AS YOUR (ONLY) SOURCE OF INFORMATION.

As far as her fear of clawbacks, that may be well founded.  I'm not sure it warrants closing up shop, but hey, one less nutcase.  

DanDaley's picture

 

"The object of jihad is to bring the whole world under Islamic law."

Bernard Lewis - The Middle East: A Brief History of the Last 2,000 Years (page 234)


Bernard Lewis doesn't work for Fox.  

 

Jay_Son's picture

Well that settles it then, doesn't it?

Harlequin001's picture

and the objective of christianity is not,I take it...

fiftybagger's picture

If you are speaking of Catholicism, you would be correct; which had a large hand in the creation and promotion of Islam.  If you are speaking of Christ, you would be quite wrong:

 

33 Then Pilate entered into the judgment hall again, and called Jesus, and said unto him, Art thou the King of the Jews? 34 Jesus answered him, Sayest thou this thing of thyself, or did others tell it thee of me? 35 Pilate answered, Am I a Jew? Thine own nation and the chief priests have delivered thee unto me: what hast thou done? 36 Jesus answered, My kingdom is not of this world: if my kingdom were of this world, then would my servants fight, that I should not be delivered to the Jews: but now is my kingdom not from hence.

 

John 18
King James Version

Optimusprime's picture

No--Bernard Lewis works for the neo-cons.  Get a clue.

DanDaley's picture

If you are lost in the simplistic notion that the only reason Bernard Lewis, probably the foremost historian on Islam, is merely a sycophantic shill for the neocons, then you are surely delusional.  First of all, Lewis is not entirely unsympathetic to Islam, and second, the record of Islamic expansion, and attempts at expansion, into Europe over many centuries is abundantly clear to anyone who knows anything about history at all. It took the Spaniards nearly 800 years to rid themselves of their Islamic oppressors (despite Obama's extolling the virtues of Cordoba's golden age -paid for by the taxes on Christians -the jizya).  In short, just ask why it is that Christian churches cannot be built in Islamic lands, yet mosques sprout like mushrooms in nations formed by Christians. 

t0mmyBerg's picture

I do not watch Fox or MSNBC.  Bloomberg during the day maybe.  I read a couple Ag newsletters, Zero Hedge, Wall Street Journal maybe, a few otherr things.  Simple fact of life is that Islam is not consistent by its own tenets with the separation of church and state, which is, you know, the basis of American civilization.  Do you work for CAIR?

 

CrockettAlmanac.com's picture

Separation of church and state is the basis of American civilization? You mean that same America which is one nation under God, the God in whom "we trust?"

JR's picture

The man who is intolerant of the views and values that other men hold sacred, who wants to “root up all the religion and civilization that made him and wash out all the common sense of ownership and honesty, would let his culture and his country be flattened out by savages from the ends of the earth.” – G.K. Chesterton

Karl Marx, author of the Communist Manifesto and a hate-filled atheist, wrote in his poem Prayer:

The hellish vapors rise and fill the brain,
Till I go mad and my heart is utterly changed.
See this sword? The prince of darkness sold it to me. -
For me beats the time and gives the signs.
Ever more boldly I play the dance of death.
[p.12]

In his poem The Pale Maiden, he writes:

Thus heaven I’ve forfeited, I know it full well.
My soul, once true to God, is chosen for hell.
[p.20

Jay_Son's picture

lol, I was waiting for an ad hominem attack.  I even anticipated it would take the form of a pejorative.  I amaze myself sometimes.

CAIR?  Really?  Even if I did, how does that change the fact that you really believe Sharia law is "invading" the US.  Do you believe aliens and UFO's are invading too?

And separation of church and state?  Christians are by far a greater threat to freedom in the United States than Islam is.

Andre's picture

"It is not that Christianity has been found wanting and discarded, but it has been found difficult and left untried." Mark Twain

In reality there hasn't been a religious war for 300 years, and levers of power will always have people who want to pull them for their own power and glory. If you get down to it, eco-freaks are more dangerous at this point than Christians. 10:10 says it all

http://www.youtube.com/watch?v=JfnddMpzPsM

 

The Navigator's picture

"Christians are by far a greater threat to freedom in the United States than Islam is."

I could respond in too many ways - but why waste time - you're too fucking stupid.

zhandax's picture

I certainly can't compare your intellect to hers, but your ignorance of Islam is just as bad.

Full retard.  And I don't watch fox newz

RealFinney's picture

Based on 7:25 Mohammed sounds like a total Boss.

Max Fischer's picture

 

 

Thanks for the YouTube link.  This lady is just another right-wing, hypocritical, schizophrenic freak from outer space.  And she probably manages a very small amount of money for other hypocritical, schizophrenic freaks from outer space. 

Toward the end of her video, she says that all Muslims should be arrested and deported.  LOL. And she says any politician who supports the freedom to practice Islam should be tried for treason.  I thought the First Amendment protected freedom of religion.  WTF??  She's probably one of those hypocritical TEA BAGGERS who thinks our Constitution and our government exists only for their particular objectives and ideologies.

It's really amazing how the Republican party has been co-opted by super freaks over the past several years.

Max Fischer, Civis Mundi 

 

Central Bankster's picture

You and this crazy lady in the video seem to have a lot in common.

The_Nihilist's picture

Goldwater did warn us many years ago.