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

Tyler Durden's picture

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c'mon man's picture

Santelli just said that traders were walking up to him with tears in their eyes unable to get their money....then they cut away to Liesman real quick for happy news...

Captain Benny's picture

They're now openly proclaiming how they are "Team Hopium" and they're intent on reporting only good / positive news.  Sounds like the string pullers behind CNBC are getting more blatent in an attempt to pump.

Cammy Le Flage's picture

Gulp.  Holy shit. 

Gubbmint Cheese's picture

Google Anne Barnhardt and read her website.. then check out her Youtube videos.. this will provide some context and background about this person.

Waffen's picture

oh its that lady? lol.. did she actually manage much money?

Her Koran burning video is a riot.

http://www.youtube.com/watch?v=6xqtYkd2gCs

reload's picture

She does seem pretty happy to speak her mind. Good for her but I expect whe has some agro coming her way. From what I just read she will not be too easy to intimidate.

caerus's picture

good call...still i can't help but agree with her points about the market at least

Cammy Le Flage's picture

Gulp.  Holy shit. 

Saro's picture

I gulped and said "Holy shit" twice too, so you're covered.

Matevski's picture

Check out Gerald Celentes reaction at the Alex Jones show to the whole thing, and the robbery the MotherFuckers did to him. Priceless. Hope they guy gets some of his gold back, but I doubt it..

Debt-Is-Not-Money's picture

Don't mss Celentes interview on 12-1-11 Kingworldnews:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/12/1_G...

Don't miss Nigel Farage either...

Shadowsil's picture

This post actually deserves a 3rd Holy shit. I think after this one other exclamations must be used...

 

Holy Shit!

equity_momo's picture

Slowly the momos are waking up.  They still need an IV of double fuck strong caffeine to get the big picture though.

derek_vineyard's picture

 

I better reread it. Where does he suggest you keep these funds, In your brokerage sweep account? That clearing house is vulnerable too...is it not?  In 0% yielding government paper which is hard to even find these days or in other FDIC instruments.

Where is he suggesting to put the proceeds from the liquidation ????

(True ZHers know the only real safety is physical PM----I'm wondering where he think you should keep your cash dollars)

Cammy Le Flage's picture

He doesn't.   There is no where to go.  System Fail.  Black Screen.  It does occur.

DollarMenu's picture

In spite of the ballsy action,

the he is a she.

Sabibaby's picture

How many dudes do you know who are named Ann?

Let them eat iPads's picture

Coulter is the only one I can think of.

WonderDawg's picture

LMAO That was great, thanks for the laugh.

Sudden Debt's picture

how many dudes do you know who are named Obama?

 

ddtuttle's picture

Real cash money in a safe bolted to the foundation of your house. And don't tell anybody its there.

 

Widowmaker's picture

Still under 5 minutes with a torch and shitty metal detector.

Safes only consolidate your valuables surrounded by hope.

Temporalist's picture

Time to go to the mattresses!

CrockettAlmanac.com's picture

I don't like violence, Temp. I'm a businessman. Blood is a big expense.

mfoste1's picture

ohh dont worry we still have cheddar bay biscuits, MW3 and a variety of mountain dew flavors. All is well....

catacl1sm's picture

I like Chicken-in-a-Biscuit. that shit's addictive.

Big Corked Boots's picture

I always ask for more biscuits, then put them in the doggie bag for home. Mmmm, cheddaaahhhh...

Money? Oh, here's the card.

justanothernerd's picture

This demonstrates a level of morality I had no idea existed in the financial world. 

Dr. Acula's picture

It seems the woman is very religious, judging by the bible quotes on their site.

I think what she says is correct, but not necessarily everyone else will figure it out that fast.

 

ForWhomTheTollBuilds's picture

Not even slightly religious myself, but I do credit them with "at least believing in something".  You need some kind of a moral framework from which to make judgements and hopefully it evolves as you go through life, learning and growing.

 

I agree with you though that most people being thouroghly disinterested in value systems will continue to see MF Global and other events as the content of gossip rather than an indictment of our approach to values.

hedgeless_horseman's picture

 

 

What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate.

ATTENTION MAIN STREET.

THE FDIC WOULD PROBABLY NEVER DO THIS. *

 

 

*Please do not read the funds availability fine print on the FDIC signs at the bank teller windows.

SheepDog-One's picture

What can I say except 'I told em so'.

Of course no one would believe it, nah, all was well! Hell we had green shoots. Oh well.

Caviar Emptor's picture

I credit you, Sheep. We were on it

Conax's picture

First lock the door, then burn down the house. Maximum damage that way.

Freakin ratz. A green for ya..

CPL's picture

Oh it has...many times in fact.  Does it without warrant or justification at times.

 

And people still think that the FDIC promise of insurance is worth anything.  All the FDIC does is provide another venue of government employment that produces nothing at the end of the day.

adr's picture

I love that small print. Pretty much says you aren't getting a penny because you are covered up to $250k in non interest bearing accounts. If you've got cash in a big bank, you ain't getting nothin when it all goes down. The banks don't have it and the gov isn't going to give it to you. A couple people in my family told me I was crazy. I told them to go try and take 5 grand out of an account and see what happens. At the next holiday I wasn't called crazy anymore.

ArkansasAngie's picture

you go girl.

It is time to stop the fleecing of Americans by the cabal.

I suggest we contact all of our representatives and demand an investigation.  On an individual basis, it is the only way for them to avoid being part of the problem.

Cammy Le Flage's picture

Our representatives are just as bad.  No need to contact anyone but each other.  Check out of the whole thing.  We can start a new system.  "Yes we can"  Tee hee.   That Obama statement gonna haunt him.   And not in a good way.

DB Cooper's picture

Didn't take long for Bruce to be proven right.  MFG is the start. 

InfoMacion's picture

I know now that Obama is worse than Bush Jr.

I thought Bush was really bad.

NotApplicable's picture

Meh, what's the value of moral relativism?

One plays dumb while a false-flag attack occurs, and the other plays dumb while JPM devours the few remaining entities "not in the club," destroying the futures markets along the way. You can be sure of one thing though, both JPM and GS are getting paid back for doing all of the Treasury's dirty-work, with neither having to worry about the future of their PM shorts.

mt paul's picture

all paper

is ponzi

TheAkashicRecord's picture
Criminal Prosecutions for Financial
Institution Fraud Continue to Fall

http://trac.syr.edu/tracreports/crim/267/

 

Federal prosecutions for financial institution fraud have continued their downward slide despite the financial troubles reported in this sector. The latest available data from the Justice Department show that during the first eleven months of FY 2011 the government reported 1,251 new prosecutions were filed. If this activity continues at the same pace, the annual total of prosecutions will be 1,365 for this fiscal year, down 28.6 percent from their numbers of just five years ago and less than half the level prevalent a decade ago.

 

 

Number Year-to-date 1,251

 

 

Percent Change from previous year

-2.4

 

 

 

Percent Change from 5 years ago

-28.6

 

 

 

Percent Change from 10 years ago

-57.7

 

 

 

Percent Change from 20 years ago

-56.5
DB Cooper's picture

Looks like a good buying opportunity!

TheAkashicRecord's picture

Are you assuming the trend is going to reverse?  Don't hold your breath!