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Exhibit A: MF Global's Admission

Tyler Durden's picture




 

It is not often that we see an official admission by a company to its regulators that oops, 'it just may have embezzled' hundreds of millions of dollars from its clients. Today, courtesy of the WSJ, we do, namely that of MF Global advising the SEC that it has "discovered a significant shortfall in its segregated funds account." Expect to see this revalation in countless investor lawsuits against the company. Also, expect to see all bonuses paid to MFG's employees the day before the company filed to be clawed back in the form of fraudulent conveyance lawsuits, so to any former MF workers: our advice is  don't spend all that client money just yet. Incidentally, the primary SEC supervisor for MF Global is Michael Macchiaroli at macchiarolim@sec.gov - let's all take a minute to personally thank him for being on top of this whole bankruptcy like a hawk.

 

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Fri, 11/11/2011 - 10:00 | 1869497 jcaz
jcaz's picture

Corzine= Perp Walk

Fri, 11/11/2011 - 10:04 | 1869513 Rip van Wrinkle
Rip van Wrinkle's picture

Corzine=Next Treasury Secretary

Fri, 11/11/2011 - 10:29 | 1869585 Arius
Arius's picture

Someone tell Joe Kerner at CNBC Squawk Box ,... the guy still believes there is no shortfall ... keep repeating it ... what advice should one expect from a former stock broker???

entertaining tv though ... kashkari hit it in the head ...

Fri, 11/11/2011 - 10:35 | 1869604 knukles
knukles's picture

Joe is just dully boringly dimwitted at times.  As in most.  He's not a convincing tool.
Sorkiin however, is not oly a fucking tool, apologista for Wallawallastreet, but is an arrogant little prick, to boot.
Good thing boy Sorkin came along so Joe can assume the chimera of mature eklder statesman.  Not.

Behold, Bevis and Butthead 
(huh ha ha hha hahah ha ha ha ha hha  aaa)

Fri, 11/11/2011 - 10:38 | 1869610 Harlequin001
Harlequin001's picture

Hey Michael, know any good porn sites?

just wondering what you do not in your spare time...

Fri, 11/11/2011 - 11:18 | 1869734 kaiserhoff
kaiserhoff's picture

So who was on the other side of this rape of the customers?  They have some 'splainin' to do.

Fri, 11/11/2011 - 10:36 | 1869607 jcaz
jcaz's picture

LOL- true, pretty fine line between the two....

Fri, 11/11/2011 - 11:02 | 1869667 topcallingtroll
topcallingtroll's picture

Yep no perpwalk.

He knew the rules very well.

Well played, Corzine, well played.
But you are too radioactive for politics now.
Not that you care. You have untouchable millions in various trust-like instruments.

Fri, 11/11/2011 - 10:06 | 1869520 Pladizow
Pladizow's picture

"When plunder becomes a way of life for a group of men living together in society, they create for them selves in the course of time a legal system that authorizes it and a moral code that glorifies it" -  Fredric Bastiat.

The PONZI continues!

Fri, 11/11/2011 - 10:11 | 1869534 FEDbuster
FEDbuster's picture

Corzine, Stanford and Madoff cellmates? 

Fri, 11/11/2011 - 10:39 | 1869614 Harlequin001
Harlequin001's picture

Yes, as soon as they let Madoff and Stanford out.

I believe Corzine has a few friends...

Fri, 11/11/2011 - 10:29 | 1869584 cirrus
cirrus's picture

Bastiat is awesome...great quote.

Fri, 11/11/2011 - 10:36 | 1869606 craven moorehea...
craven moorehead the 1st's picture

that is a brilliant quote - thanks for posting

Fri, 11/11/2011 - 11:55 | 1869861 pods
pods's picture

I am circulating my copy of The Law to people at work.  Most cannot understand it, as they cannot comprehend that legalized plunder is morally wrong.

pods

Fri, 11/11/2011 - 10:17 | 1869550 4shzl
4shzl's picture

Time for a pop quiz.  Y'all remember the analogy section on the SATs, right?

 

Jerry Sandusky is to Joe Paterno as Jon Corzine is to:

A) Gary Gensler

B) Mary Shapiro

C) Eric Holder

D) Barack Obama

E) All of the above

 

OK, maybe that's too many proper names.  Let's try it this way:

 

The Penn State locker room is to 10-year-old boys as the Chicago Mercantile Exchange is to:

A) Individual investors

B) Professional speculators

C) Commercial hedgers

D) Pension fund managers

E) All of the above

 

Students who unsure of the answers are invited to stay after school for extra "coaching" . . .

Fri, 11/11/2011 - 10:25 | 1869576 aint no fortuna...
aint no fortunate son's picture

Just sent:

Mike,

Sorry to hear your job app for MF Global fell through. 

Not to worry, I hear Jeffries is looking for bright regulators looking for part time work.

Please pass my best regards on to all the hard working folks at the SEC who NEVER replied to my two complaints and requests for investigations into fraudulent activity by companies I was ripped off by.

Have a nice day.
xoxo.
One of the 99.9999999999999999999999999999999999

Fri, 11/11/2011 - 10:41 | 1869618 narnia
Fri, 11/11/2011 - 10:57 | 1869654 disabledvet
disabledvet's picture

"I can neither confirm nor deny..." doesn't work when you don't care about the half billion (give or take) that's missing.

Fri, 11/11/2011 - 10:00 | 1869498 Irish66
Irish66's picture

an email for 600 million? at night

Fri, 11/11/2011 - 11:34 | 1869786 jelyfish
jelyfish's picture

I think the segragation idea is revisionary.  MF was just that leveraged.

Fri, 11/11/2011 - 10:01 | 1869504 Quinvarius
Quinvarius's picture

It is always worse than they admit at first.  It is always worse than you will ever know.

Fri, 11/11/2011 - 10:24 | 1869572 HelluvaEngineer
HelluvaEngineer's picture

It was obvious what happened when margin requirements we lowered for MF customers.  Every executive of every bank knows exactly what is going on, and that absolutely no one will be held accountable.

Fri, 11/11/2011 - 10:50 | 1869637 Harlequin001
Harlequin001's picture

wtf it's only money, and there's no shortage of that, right?

taxpayers problem, whoever they are...

Fri, 11/11/2011 - 10:58 | 1869655 Quinvarius
Quinvarius's picture

Can you imagine what would have happened if the real truth were acted on that all of MF Global customer accounts were drained to zero?  All those guys would just walk away from their positions and leave the CME on the hook.  The CME would have folded.

Fri, 11/11/2011 - 10:59 | 1869659 disabledvet
disabledvet's picture

More like "he did it" from the way I see things.

Fri, 11/11/2011 - 11:45 | 1869818 ToNYC
ToNYC's picture

The Castle Bravo H-bomb test is what the CFTC needs to sweep under the Washington DC rugs for what it did to the last standing fair game in Chicago. The hand reached up from NY Hell to grab and smear the last honest man's space.

Fri, 11/11/2011 - 10:02 | 1869506 fuu
fuu's picture

So nice to have all of those SEC email addresses now.

Fri, 11/11/2011 - 10:07 | 1869524 topcallingtroll
topcallingtroll's picture

Hell yeah! This will be fun.

Crank yankers...targets identified.....fire when ready.

Fri, 11/11/2011 - 10:03 | 1869509 PeterLemonJello
PeterLemonJello's picture

Stay classy MF......"Genral Counsel"

Fri, 11/11/2011 - 10:04 | 1869511 Doode
Doode's picture

I can see why they went under - because they have Genral instead of a General for a lawyer.

Fri, 11/11/2011 - 10:04 | 1869514 The Fonz...befo...
The Fonz...before shark jump's picture

General state of confusion

Fri, 11/11/2011 - 10:05 | 1869515 Dr. Engali
Dr. Engali's picture

What's a meer  600 mil? The market doesn't seem to care. Maybe that's why the market hasn't sold off since MF's collapse. People are figuring..well the firms are going to steal it anyway. I might as well put it in the market and have it stolen legitimately.

Fri, 11/11/2011 - 10:23 | 1869567 Ancona
Ancona's picture

Mere is what you were searching for Doc. Meer is part of Kat.

Fri, 11/11/2011 - 10:24 | 1869574 Dr. Engali
Dr. Engali's picture

Fat finger.

Fri, 11/11/2011 - 11:03 | 1869674 disabledvet
disabledvet's picture

Why pay billions for something that's now going to be given away? I'm surprised the market isn't higher frankly...

Fri, 11/11/2011 - 10:05 | 1869516 topcallingtroll
topcallingtroll's picture

Ha ha this will be fun!

I am going to send taunting emails with official sounding titles using big words so that they inadvertently open them.

Crank yankers...start your computers!

Fri, 11/11/2011 - 10:05 | 1869517 SheepDog-One
SheepDog-One's picture

What a den of snakes...you'd think news like this blatant piracy on Wall St would send everyone scrambling to withdraw any money they have from the grasp of their claw hands, but apparently not. Calm as Hindu bulls,

Fri, 11/11/2011 - 10:09 | 1869527 topcallingtroll
topcallingtroll's picture

It will all be clawed back and returned to customers eventually.

Bye bye bonus!

Fri, 11/11/2011 - 10:15 | 1869542 Dr. Engali
Dr. Engali's picture

What planet are you from? Have you been awake for the past three years? The standard operating proceedure is: the firm collapses ,gets bail out money- large bonuses and the clients are fucked. Claw backs..that's a good one.

Fri, 11/11/2011 - 10:35 | 1869605 MachoMan
MachoMan's picture

Everyone had to recheck their code books after all the clawbacks in the madoff case(s)...  It's a really, really big deal and this is why people opt to not take their golden parachutes (coming back anyway).  The trick is to ensure plausible deniability through the ordinary course of business/established norms and have quite a bit of time buffer between your payments and the ol' collapse.

It's easy to identify payments to individuals directly...  it's vastly more difficult to identify payments to entities in which those individuals might hold minority interests.  How deep anyone looks is simply a function of how much money is at stake and who it was that got screwed...  my guess is we get a whole bunch of juicy tidbits out of this one...  and discovery will take it to the core.

The neat part is, even if regulators are inept/apathetic, the civil side attorneys won't be.

Fri, 11/11/2011 - 10:42 | 1869619 Harlequin001
Harlequin001's picture

or you might want to invest or structure your employment contracts through an offshore trust or company that can be shut down at the first sign of trouble...

End of the line...

Fri, 11/11/2011 - 14:32 | 1870463 MachoMan
MachoMan's picture

The only way that's the end of the line is if there is not enough money in dispute to justify paying for discovery (and even then [bad] attorneys might still look).

The trick is to exercise all options/receive all payments as soon as they become available...  your only defense is time because you never know when the thing is going to crumble.

In some very prominant recent cases an unnamed company thought it would be cute to have a "mothership" in one country and all of its satellites in other countries had no assets and "beamed up" all their profits to the mothership.  (the logic being they would simply flip the bird to any creditors in the event of an adverse judgment).  Well, needless to say, the triers of fact all thought this to be bullshit and imposed liability on the mothership for the actions of the satellites.

Rarely is someone ever clever enough to hide all traces...  the trick is to be a big enough player to where you don't have to (i.e. you just change the laws).

Fri, 11/11/2011 - 11:05 | 1869681 disabledvet
disabledvet's picture

"this time is different."

Fri, 11/11/2011 - 20:51 | 1869825 ToNYC
ToNYC's picture

Clawbacks are unicorn poop. Lose the shovel, chump.

Fri, 11/11/2011 - 10:07 | 1869521 yogibear
yogibear's picture

Fraud has become the accepted normalcy. Corzine finds an out through his political affiliations and some other people take the punishment.  

Fri, 11/11/2011 - 10:15 | 1869545 Alex Kintner
Alex Kintner's picture

O'Pardon coming in 3,2,1...

Fri, 11/11/2011 - 10:36 | 1869587 spanish inquisition
spanish inquisition's picture

Note she didn't say we are looking for the money to be returned, it's looking into "circumstances". I am guessing that she wants to investigate and make sure it was stolen fair and square.

Fri, 11/11/2011 - 10:07 | 1869523 DCon
DCon's picture

Were PWC being treated to stripper parties in the boardroom when they should have been auditing?

 

Fri, 11/11/2011 - 10:08 | 1869525 wang (not verified)
wang's picture

February 4, 2010
Mr. David A. Stawick
Secretary to the Commission
Commodity Futures Trading Commission

Dear Mr. Stawick:
MF Global Inc.1 (“MF Global”) and Newedge USA, LLC2 (“Newedge”) jointly submit these
comments regarding the petition of the Chicago Mercantile Exchange (“CME”) that the
Commission issue an order under Section 4d of the Commodity Exchange Act that would permit
the CME and futures commission merchants clearing through the CME to commingle customer
funds used to margin, secure, or guarantee credit default swaps (“CDS”) cleared by the CME
with other funds held in the customer segregated account.

...

Conclusion

At this time, MF Global and Newedge are not satisfied that the
risks to futures customers’ funds and to our own guaranty deposits - risks we never signed up for
– may adequately be assessed or contained. Under all of these circumstances it is fundamentally
unfair to expect futures customers to be exposed to these risks. It is for all these reasons that MF
Global and Newedge – dynamic competitors in futures and other financial services – come
together to respectfully but strongly urge the Commission to deny the CME’s petition at this
time.

 

http://www.cftc.gov/stellent/groups/public/@requestsandactions/documents...

Fri, 11/11/2011 - 10:08 | 1869526 JOYFUL
JOYFUL's picture

memo to Corzine wannabees: 

when legal says "go ahead, stiff everybody, the blowback is manageable", they meant....everybody{but me}....it's in the fine print.

Fri, 11/11/2011 - 10:14 | 1869544 GeneMarchbanks
GeneMarchbanks's picture

cough* JEF *cough

Fri, 11/11/2011 - 10:17 | 1869549 Dr. Engali
Dr. Engali's picture

Jef closed yesterday at $11.11. odd start on 11-11-11

Fri, 11/11/2011 - 10:10 | 1869529 SheepDog-One
SheepDog-One's picture

Im going to send an Email to MF Global something like- 

'Atenshun! Seems we got's some assits missin, I caint seem to find me Lucky Charms'!

Fri, 11/11/2011 - 10:11 | 1869533 Alex Kintner
Alex Kintner's picture

"Shortfall". Is that the new word for "Theft"? Jus tryin ta keep up here...

Fri, 11/11/2011 - 10:12 | 1869535 BlueStreet
BlueStreet's picture

There's probably a line of cars right now at the Mercedes dealership asking if they take returns.  

Fri, 11/11/2011 - 10:26 | 1869577 Larry Darrell
Larry Darrell's picture

Well, Ferrarri did have a good quarter as pointed out by Tyler a few days back in one of those rare "Good News" posts.

I bet there are a few trying to return keys to them right now as well.

Fri, 11/11/2011 - 10:12 | 1869536 Mr. Q
Mr. Q's picture

anybody want to register them for some serious spam on their email with this program?

http://spam-me.net/

Fri, 11/11/2011 - 10:13 | 1869541 Manthong
Manthong's picture

Good thing us traders don't have to worry about that kind of stuff being done anywhere else.

Fri, 11/11/2011 - 10:18 | 1869548 Taint Boil
Taint Boil's picture

Deleted.

Fri, 11/11/2011 - 10:17 | 1869551 TheAnarchist
TheAnarchist's picture

MF = Majorly Fucked?  Pass the popcorn.

Fri, 11/11/2011 - 10:34 | 1869601 Elwood P Suggins
Elwood P Suggins's picture

MF = Missing Funds or maybe Misused Funds

Fri, 11/11/2011 - 10:18 | 1869553 Josh Randall
Josh Randall's picture

SEC: "Do you know what the Federal penalty is for this behavior ?"

Corzine: "No"

SEC: "Well....it's probably pretty stiff.."

 

Fri, 11/11/2011 - 10:42 | 1869620 RSloane
RSloane's picture

Yep, that's about as far as it will go.

Fri, 11/11/2011 - 10:44 | 1869623 Harlequin001
Harlequin001's picture

'pretty stiff' good one, can be found on a porn site, right?

Fri, 11/11/2011 - 11:02 | 1869673 Josh Randall
Josh Randall's picture

Actually pilfered it from this - perfect encapsulation of an SEC regulator/policeman:

http://www.youtube.com/watch?v=3LrFEbxWzXI&feature=related

Fri, 11/11/2011 - 10:22 | 1869563 Below Zero
Below Zero's picture

 

In Federal Bankruptcy Court in downtown Manhattan on Tuesday, November 1, MF Global’s lawyers played down the missing money. Ken Ziman, one of the lawyers, said in the firm’s first hearing that banks or clearinghouses had been slow to produce the money.

“To the best knowledge of management, there is no shortfall,” Mr. Ziman said.

But regulators on Tuesday still could not locate the customer money, and the firm had not accounted for it.

 

Fri, 11/11/2011 - 10:22 | 1869564 Laughinggrizzley
Laughinggrizzley's picture

I am sure Mr Macchiaroli was busy surfing porn, instead of actually doing his fucking JOB!

Fri, 11/11/2011 - 10:23 | 1869569 youngman
youngman's picture

I thought JPM found it in one of their accounts...or was that Kadafi´s money...

Fri, 11/11/2011 - 10:24 | 1869571 High Plains Drifter
High Plains Drifter's picture

let us now have a moment of silence to remember and show our respect for those who have fallen and those who are still alive and members of the federal reserve mercenary armies...............

Fri, 11/11/2011 - 10:26 | 1869579 prodigious_idea
prodigious_idea's picture

Their general counsel can't spell general.  Always an indication of larger carelessness.  Fucking priceless.

Fri, 11/11/2011 - 10:28 | 1869583 Buyemall
Buyemall's picture

previous font on headlines was better

Fri, 11/11/2011 - 10:29 | 1869586 yogibear
yogibear's picture

Corzine and associates  busy greasing palms and making backroom deals. SEC gets more porn sites and subscription renewels to keep them busy surfing the web. Next, a trial show for the public (to make them think the SEC and justice is working) while they all sit back laugh at what they got away with. A few MF global and other sacrificial lambs placed on the alter.  

Fri, 11/11/2011 - 10:29 | 1869588 Dr. Engali
Dr. Engali's picture

All is well in Euro land. The Dax is above 6,000 again. Time to hop into the slaughterhouse sheep.

Fri, 11/11/2011 - 10:30 | 1869589 roguetraderinchicago
roguetraderinchicago's picture

Thank You for making me more ashamed of the industry I work in. 

Thank you for your role in eliminating many carers and companies of friends of mine. 

Thank you for further undermining my trust in the financial system. 

At last but not least, thank you for reinforcing that government employees are mostly incompetent wastes of my tax dollars!

Fri, 11/11/2011 - 10:31 | 1869593 Joe Sixpack
Joe Sixpack's picture

They will identify a "rogue trader"

Fri, 11/11/2011 - 10:32 | 1869598 LawsofPhysics
LawsofPhysics's picture

Anyone surprised?  Crime does pay, and we will rally above 12000 today, now were is that damn worn out hat?

Fri, 11/11/2011 - 10:39 | 1869613 vegas
vegas's picture

I just sent Mr. M a nice note of thanks. If I disappear down an oil drum that is buried in Giants Stadium I will say Hi! to Jimmy Hoffa for everybody.

 

http://vegasxau.blogspot.com

Fri, 11/11/2011 - 10:41 | 1869617 ziggy59
ziggy59's picture

So admitting fraud and theft supposedly dimisses the crime? I don't think so.. if this was China, and I think its time we take up some of t he law breaking penalties, corzine would be wondering why he doesn't feel his toes anymore..

Fri, 11/11/2011 - 10:48 | 1869631 RSloane
RSloane's picture

He's a major campaign fund-raiser for Obama. The ones not feeling their toes are his ex-clients.

Fri, 11/11/2011 - 10:56 | 1869650 BurningFuld
BurningFuld's picture

Are you trying to say there is no government corruption in China?  Good one!

Fri, 11/11/2011 - 11:11 | 1869700 topcallingtroll
topcallingtroll's picture

No he is not.

But, occasionally, corrupt officials get their organs sent to thailand and israel.

Fri, 11/11/2011 - 10:43 | 1869622 QuantumCat
QuantumCat's picture

Corzine needs a bunk next to Madoff.  Anything less will serve as evidence that our society is no longer a constitutional republic based on Rule of Law.  Should they fail to deliver swift and appropriate justice through criminal prosecution (not some "rogue" trader), we will know that Corzine acted with impunity on behalf of the US Govt and the Federal Reserve to intervene in financial markets by massively leveraging customer accounts as collateral for market activity.  Oligarchy or Democratic Republic?  We will see.

Fri, 11/11/2011 - 14:49 | 1870525 MachoMan
MachoMan's picture

I think you should have given up the republic ghost probably at least a century ago... 

Fri, 11/11/2011 - 10:45 | 1869624 kaiserhoff
kaiserhoff's picture

This stands fiduciary responsibility on its head.

If there are no criminal prosecutions, the US commodities markets are dead.  It's that simple.

Fri, 11/11/2011 - 10:59 | 1869661 WonderDawg
WonderDawg's picture

You're a little late to the party. Pssst... all markets are dead, and the corpses are animated with puppet strings.

Fri, 11/11/2011 - 10:45 | 1869625 RSloane
RSloane's picture

Corzine is a past governor, retired Senator, and close friend to the president. The worst that will happen to him is he will have to practice looking concilliatory for the cameras.

Fri, 11/11/2011 - 11:00 | 1869662 Commander Cody
Commander Cody's picture

And, its gone!

Fri, 11/11/2011 - 11:01 | 1869665 overmedicatedun...
overmedicatedundersexed's picture

the criminal elite are so openly corrupt, I just can't wait to vote in 2012 for the candidate that the MSM tells me is the best..Obuma Corzine- Romney Paterno..which to choose which to choose?

Ron Paul better run as third party or no need to vote 

Fri, 11/11/2011 - 11:02 | 1869671 EB
EB's picture

The email is the final page to this filing:

http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/supportofmotion110211.pdf

She was also here:

Fri, 11/11/2011 - 11:11 | 1869699 jmcadg
jmcadg's picture

"Oh, you'll never guess what I DISCOVERED.

We've just pinched a trillion or so of our clients money, seriously, I know, I just DISCOVERED it, I know,

Excuse me waiter, could I have another one of those lavender scones".

FUCKSHITES.

Fri, 11/11/2011 - 11:57 | 1869867 Forgiven
Forgiven's picture

 

 

THE REASON PEOPLE ARE SHOCKED:
********************************

Most Americans still don’t get it!

America has ALREADY been overthrown!

This country has been invaded and taken over by international bankers, who have corrupted every aspect of our government.

The US Federal Government is NO LONGER an American gov’t. It is an Enemy Force Of Occupation that has camouflaged its overthrow of the US Gov’t.

Their design was simple: subvert, subjugate, extract wealth, exterminate.

Essentially this is the largest POW Camp in the world and we are all prisoners and potential disrupters, hence the Dep’t Of Homeland Security (which is actually Homeland Gestapo) has labeled Americans who still think and act like this is the USA and “resist” the occupation as…….. “terrorists.”

Since we ARE technically POW’s, then the Law Of War and the Geneva Convention should apply, and the principles for ALL POW’S to observe is:

It is the Duty of all POW’s to RESIST our captors by every means possible.

To disrupt their designs and actions by any and all means.

To REFUSE to cooperate in any way.

To Refuse any/all special treatment.

To provide NO information expect name, rank, serial number (SS #)

To create as much difficulty as possible to cause the greatest use of personnel and assets
so as to reduce their capacity to wage warfare elsewhere on us.

 

Fri, 11/11/2011 - 11:57 | 1869872 I am a Man I am...
I am a Man I am Forty's picture

For some reason I was naive enough to think the SEC would be sitting in the CFO's office with Jon Corzine asking them to show them where the mother fucking money is.  I guess that's not how it works, you just wait for them to shoot you an email if it suits them and if they can "figure out" what happened.

This country is doomed.

 

Fri, 11/11/2011 - 12:16 | 1869952 2discern
2discern's picture

for nacho libre investors, "it's time to go pro"...

Fri, 11/11/2011 - 12:18 | 1869962 FJ
FJ's picture

What was the incompetent Big 4 auditor doing? Dreamin of Enron?

Fri, 11/11/2011 - 12:22 | 1869977 Cone of Uncertainty
Cone of Uncertainty's picture

Sandusky > Corzine

Fri, 11/11/2011 - 12:56 | 1870126 slewie the pi-rat
slewie the pi-rat's picture

Macchiaroli will be a hot new pasta dish @ all the SEC and some blogs

b4 we are fini'd snoozin off the turkey, BiCheZ!

Fri, 11/11/2011 - 18:02 | 1871051 asiafinancenews
asiafinancenews's picture

Michael Macchiaroli has quite a history of incompetance and regulatory enforcement failure.  See this:

http://www.globalsecuritieswatch.org/Letter_from_Sovereign_Advisors_to_SEC_Chairman_and_Associate_Director

... which resulted in this:

http://www.globalsecuritieswatch.org/DOJ_Antitrust_Complaint

 

Fri, 11/11/2011 - 21:26 | 1871387 mkkby
mkkby's picture

This will end in one of 2 ways:

1. 99% rise up and hang everyone involved in banking.

2. Same 99% end up in bondage 1984 style.

Fri, 11/11/2011 - 21:40 | 1871409 rhs
rhs's picture

Don't tell me Ms. Ferber can't spell "general".

Fri, 11/11/2011 - 21:42 | 1871414 rhs
rhs's picture

Don't tell me Ms. Ferber can't spell "general".

Do NOT follow this link or you will be banned from the site!