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Live Webcast Of Ben Bernanke Press Conference And Updated Fed Forecasts
Update for those who don't see more easing - bad news:
- BERNANKE SAYS FED PREPARED TO TAKE MORE BALANCE SHEET ACTIONS
- BERNANKE SAYS `THOSE TOOLS REMAIN ON THE TABLE'
One hour ago, the Fed launched on a big stop hunt, sending gold first much lower, then much higher, even as it released no incremental data, but merely confirmed that with every other central bank still "easing" (by which we mean devaluing their currencies of course, most recently seen in India and Brazil, and shortly, in Japan and of course Europe, once again) it can delay injecting cash until after the president is reelected. So with everyone at least superficially pretending there may be a question about ultimate Fed strategy, Ben will take the podium shortly to answer Steve Liesman's and several other fawning 'journalists' questions on what the Fed sees for the future, which in turn will be driven by the just released revised Fed forecasts (see below). Our question is why does the Fed not sell one or more ad spots on its livestream? Each can sell for at least a few millions - the money could then be used to pay down the debt.
And just out from the Fed, the latest revised projections which are totally wrong, and will be revised in another few months depending on what the Russell 2000 does.
- *FOMC: 2012 GROWTH OF 2.4%-2.9% VS 2.2%-2.7% IN JANUARY
- *FOMC: 2013 GROWTH OF 2.7%-3.1% VS 2.8%-3.2% IN JANUARY
- *FOMC: JOBLESS END OF 2012 AT 7.8%-8.0% VS 8.2%-8.5% IN JAN.
- *FOMC: JOBLESS END OF 2013 AT 7.3%-7.7% VS 7.4%-8.1% IN JAN.
- *FOMC: 2012 PCE INFLATION OF 1.9%-2.0% VS 1.4%-1.8% IN JANUARY
- *FOMC: 2013 PCE INFLATION OF 1.6%-2.0% VS 1.4%-2.0% IN JANUARY
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with Europe winning the race to devalue, why is the euro so strong? Is this a China bid? What gives, with all this shit this week? nothing? Can it will be a LTRO currency unwind? NOT!
Every time Liesman obsequiously says "Mr. Chairman" = another shot of the hard stuff.
I AM THE BEAST I WORSHIP
meanwhile, the dutch are in open rebellion against nazi eurozone:
http://www.prisonplanet.com/going-dutch-game-over-for-euro-if-netherland...
As expected, NL will be the first to dump the fascist imperial fiat eurocurrency. Austria is also about to start its revolt against the paris-berlin oligarch banking cabal, as Germany's mask falls off once again: pro-NRW is on the rise.
http://www.spiegel.de/politik/deutschland/0,1518,829594,00.html
Have you even been to modern Germany? Are you really that horribly misinformed?
Globalists go full retard jacket as they try to destroy Switzerland by pushing for "universal foodstamp coverage":
http://www.thelocal.ch/3074/20120412/
The only effin 'tools' on the table that we will be needing in the future is a loaded shotgun and a safe to store the precious yellow metal.
The Lucky 400 know that the Middle is Brain Washed with Dreams of being Someone and the Poor, Un-Educated Wall Mart Shoppers are too busy importing a 3rd World Living Standard thru their POWER Shopping! LOL!!
And let’s not mention the 2 Largest Lobby’s in America who collect more Government Hand Outs and Secret Loans from the Federal Reserve!
The 2 Largest Lobby’s in America.. Collect the Largest Government Hand Outs and Secret Loans from the Federal Reserve! Those are the Numerical Facts! Bribe the Government and Get the Most Tax Dollars paid in by the Working Class Sheepeople!
http://www.reuters.com/article/2011/05/26/us-lobbying-imfreport-idUSTRE74P7AF20110526
http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html
http://www.huffingtonpost.com/2010/09/01/the-10-banks-that-recieve_n_701660.html
(Huffington Post for those of you here that need it)
The FBI / CIA / NSA not only ignore these Numerical Facts! The FBI / CIA / NSA Promote and Support the Theft of Monies from the Working Class Outright! By looking the other way! So that when these Persons Charged with Protecting National Interests Retire from Looking the Other Way! That they may be hired in the Private Sector! High Paid Consultants who spent an entire Career, Looking the Other Way are then Paid to do what they do “O” so well!
For example!
BULLSHIT!
Trustee Finds No Missing MF Global Funds at J.P. Morgan
http://online.wsj.com/article/SB10001424052970204880404577229211148843068.html
BULLSHIT!
Judge Rejects MF Global Priority Bid
http://online.wsj.com/article/SB10001424052970204740904577197002951560404.html
BULLSHIT!
The Senator Letters That Bash MF Global’s Bonus Plan
http://blogs.wsj.com/deals/2012/03/12/the-senator-letters-that-bash-mf-globals-bonus-plan/
SO! not only did the Ex-FBI Chief Look the other way! He suppressed Information and then!! Tried to get Bonus Monies for his Crooked Buddies that Just Ripped Off the Working Class!
But HAY!! As long as it is not YOUR Money!!
As Long as it is someone else getting screwed!!
Those City Slickers! LOL!! When the Government is done with the City’s the Government will start the Shock and Awe! for the Middle America Cowards who sat on their hands and watched the City Slickers get Murdered!
At first they can for the Fresh Air!
I lived on the ocean.. so it didn’t affect me so I didn’t say shit!
Then they came for the Fresh Food!
I lived in an area with a 12 month grow season.. so it didn’t affect me so I didn’t say shit!
Then they came for the Rights of the Citizens..
I didn’t like the Tea Party or the Occupy People.. so Fuck’em both! Not my problem! Dumb red Necks or Bongo playing hippies are NOT my demographic! so it didn’t affect me so I didn’t say shit!
Then they came for my Retirement Monies, Wall Street figured out it was more profitable to NOT! pay anyone’s retirement funds back!
I have money offshore.. and I hate the baby boomers who participated in this system and brought us to the end of America! So I was happy those old sell out were being Fucked Over!
Then they came for the Guns!
I didn’t care because I could get on a slow boat and be in the Bahamas in 1 hour! Fuck the Sheep who ALL sat on their hands hating each other just like the Government Brain Washed them to do!
It is better to never agree with anyone else, be divided and lazy! That way the Status Quo can continue un-abated! Let the Poor, Un-Educated, Sheepeople Kill Each Other!
Then we can come in and dis-arm them! For their own protection! And rule them without the worry of having our balls blown off! Death is a Release! No Balls and a Quadriplegic.. smelling your own shit for the rest of you days.. unable to kill yourself is WAYYYYYYYYYYYYY Worse than death!
I hate You! You Hate Me! We ALL! Hate Each Other!! And Wall Street and the Government Continue to Rob Us ALL! BLIND!! With NO!! Resistance! To the Robbery from the Sheepeople! We are ALL! to busy figuring out ways to not like each other so that we can NOT! EVER!! Stand together to stop the ongoing robbery!
“O” Look!! Trayvon! I mean Mad Cow! I mean Dancing wiff da starz!
they're all lucifer worshipping freemason butt buddies and will bail each other out no matter what - that is their blood oath
http://www.freemasonrywatch.org/1index.html
Shit.
Me 3500 miles away, and all the crap you're talking about sounds familiar. I know the jerk who mumbles the same lines and curses through his teeth the whole fuckin' day long, for about a quarter of the century.
I'm pretty sure I never used yout toothbrush or you mine.
Fuck these mfer's in the ass. There is that blunt enough? Our so called elected leader's are complete idiot's. They are relentless, sneaky, gun grabbing snakes.
Obama Ban on Youth Farm Chores Part of Larger Power Grab
http://www.infowars.com/obama-ban-on-youth-farm-chores-part-of-larger-power-grab/
Gulp of beer anytime you think Helicopter Ben is bending the truth.
OKTOBERFEST IN MAY!!!!
I love the idea of Benny selling ads on the live stream. Do y'all think Ron Paul should take one? Not to mention Apmex,GoldMoney.com and Bullionvault...? ; )
Another nice little earner for the Fed would be to open a book on the forecasts. I'ld like to go short '(Dec) 2012 Growth' at 2.4, though a tighter spread would be preferable.
And that would mean no cooking the books or the CFTC would maybe 'investigate'... - yeh, right ...
blow me, ben...
Wow if you weren't sure who holds the power now you do! Between AAPL, the fed, GS, BAC, buffet, potus, etc. It is clear that those who dissent are fucked! Bernanke is answering all of your questions as he speaks, this is not a media interview, it is a reckoning, interpretation..... "you will be crushed if you short anything"......mentally and physically!
Budweiser doesn't brew enough beer for that game.
Time to short the stock market, the market tops in 2010 and 2011 came in the last days of April and this year will be no different.
Are you trying to kill off the ZH commenter corp? Alchohol poisoning is a nasty way to go, but at least you won't feel it [hic].
drunk as hell in no time
Steve Liesman makes me F'n sick. He is the ultimate dick head... the only one over at "CNBC" worth a shit is Santelli...
McShakes is particularly shaky today. Is he over or under medicated? He's clearly not comfortable.
nevertheless, the ponzi carusell leads to crowding out effects eventually.
Everybody knows the Fedury is going to print. Somebody has to buy Obama/Romney deficit spending bonds.
As to why the Euro hasn't crashed and burned ... why ... it is the same reason nothing has ... There is no free markets any more.
exactly monoploy games cant end, even if you dont own anything, if everytime you pass go, you get 5 trillion bucks at no interest.
exactly monoploy games cant end, even if you dont own anything, if everytime you pass go, you get 5 trillion bucks at no interest.
PLEASE ALLOW ME TO BE BLUNT
I think it is high time to SHUT OFF THE TV and stop watching and listening to this NONSENSE. Its time to go outside, learn how to shoot your guns and to work on growing your own food. MSM is totally meaningless now. It is nothing more than a DISTRACTION from other important tasks that need to be done to prepare for the collapse.
I have written some interesting BLOG ENTRIES on TURDS BLOG which you can find at the link below:
http://www.tfmetalsreport.com/blog/3714/waiting-bernank
Good adherence to Commandment 10:
"Thou shalt not respect the Fed Chairman, nor his banker buddies, nor the Treasury Secretary, nor the POTUS, nor anything found in the Main Stream Media."
Yep, totally agree.
QE to infinity Bicheez.......
DIE DIE DIE DIE DIE
Don't hold back now, tell us how you really feel.
For now, we'll pencil him in the anti-Ben camp.
There's a FEMA camp for that.
nothing like having the law behind you when you keep breaking it!
nothing like having the law behind you when you keep raping it!
nothing like having the law behind you when you ifuckup the whole planet!
now back to regular scheduled fuckery!!!
I didn't junk you, but I don't condone violence. I do wonder if the Chairman ever wakes up in the morning and thinks about telling the truth and doing the right thing. Something like a Mitch Daniel's ( http://www.weeklystandard.com/blogs/mitch-danielss-response-state-union_618456.html ) moment. Maybe his nervousness is a manifestation of his internal conflict about what he is saying and doing. Maybe he has been threatened by people who your anger ought to be focused on..
Honestly, I think that was blowing off steam, and NOT notice that the poster was about to grab a rifle and shoot people.
People... ummm... shoot from the hip here, but not in a literal way.
Comedy central
extend and pretend.............its all we got.
That's right. So what is all this noise about the Fed not having a strategy? /s
'We've reached cruising altitude....unfortunately we've lost 1 wing, 3 engines out, and running on fumes for the glide path from NYC to L.A. Dont worry, we've got this shit handled here at the FED cockpit, enjoy your free beverage service its arsenic and old lace'.
What a total joke of a market.... that such volatility is induced by the WORDS of the biggest hedge fund mana... er, I mean Federal Reserve Chairman goes to show how we've turned what used to be the capital markets into the biggest computer game in the world.
VIX holding strong, despite Apple-Day, @ 17... F you Ben!
But those words are now wearing thin. Tables are turning, the market won't buy it in the end. Paper can go to zero for all I care, its just a bonus that we can get PHYSICAL close to those (aherm) prices. PHYSICAL GOLD AND SILVER SALE ENDING SOON!!!!
Yup. The Fed will print again when it is their turn in the batting order. The ECB just had theirs in December. Coming to the plate next is the BOJ, with the BOE on deck. Right now, the Fed is not even in the dugout. Ben is in the clubhouse adjusting his jockstrap.
Ever wonder how prices of everything are going up, but the currency pairs seem locked in place?
That's right. The central banks all print on a rotating schedule.
What I want to know is why anyone, especially the market listens to these buffonns. When is the FED ever right.
What sayeth ye Uncle Shalom?
The Ben sayeth: we must print in order for the Obama to rise again.
its not about Obama, its about status quo. Puppet A or puppet B , you really think there is a difference and that the puppet master cares which one you choose.
Exactly, the Presidencey has become nothing but a cover to distract and divide the masses with a small amount of moral issues. The FED and its cronies run the show...
But TPTB like that nobody gets this one. Not getting it allows people to wait until elections, when they can safely (meaning, not in the streets with torches and broken bottles) fight the good fight against crony capitalism and corruption by picking the sock puppet who made the mouth noises they liked best.
When people stopped making hard choices was when we lost this battle. And until we start again making hard choices -- ones that might require us to think without emotion and put our familiar comforts and expectations at real risk -- we will continue to lose.
My prediction: it will take five generations and another global war to regain control of democracy anywhere in the world.
In fact I'd say its highly likely the puppet masters have a 'surprise' in store, they'd much rather have Romney whitey republican in there to take all the coming heat. Its perfect, the media would be free to rip him to shreds over all the sudden economic and financial disasters that come late fall. This idea its all about 'delaying until after the Emperor can be firmly enthroned again' is just ridiculous because if its ok to do it THEN, then its ok to do it NOW. I call BS. They cant QE now OR then.
they'd much rather have Romney whitey republican in there to take all the coming heat
Not with O's plan to continue to add new EO's, and bypass Congress.He wants to fullfill his misson,total destruction America.
OT, meanwhile back at the SCOTUS area, seems O is getting his ass handed to him, on AZ's immigration policies, and the ObummerCare bill....................along with all the scurrilous hidden dictatorial crap hidden therein.
The last left winger he appointed, recused herself, and they are having a field day with the Admins lawyers case.(what case)
'O' actually has no plans himself, he's told just what to do.
Mr. Chairman, How do you feel about Iran selling their oil on the black market for any tangible asset other that your green paper?
And Clinton´s buddy will be the buyer..the guy he pardoned....he will buy it thru a third party...recycle it thru a legit company...and bingo....oil on the market.....
His answer: If the situation becomes problematic and threatens financial stability my buddies in Israel will wipe them off the map at second's notice
Israel never dirties their hands themselves, they always get someone else to fight their fights.
Yepp, even the communist puppets have been killing CIA operatives for Israel . Preemptive battle for release of great isreli hero,
Jonathan Pollard .
Battle almost won. Barry is about to sign an executive order.
Just like weekend at Bernies, but in this case, its our economy thats dead.
In the movie, they stuck to one suitcase of greenbacks.
Drink a shot every time Ben does not say "we fucked it up okay?"
NatGas likes it...
WOW look everything is such ROSY data! So now that 'QE3New.1' has been priced in about 10x since DOW 9,000 when they started this scam and obviously will never actually be delivered, where does all the hot air in this bubble come leaking out of?
When does China begin buying oil with gold?
June 28th.
The Tower of Babel speaks; stop hunts not over.
http://vegasxau.blogspot.com
Personally I think Schrute Bucks are the way of the future.
Thank the gods. I'd hate to see what would happen if we used Stanly Nickels.
I understand what they are doing. I do not have to watch the terrorists commit their crimes in public.
I logged in just to give you props for that eloquent comment.
It speaks. All hail.
How about the chart with Bankster bonuses? Then tell me about no inflation.
OT, seems like there's a bit of a tiff going on in the COMEX gold pit....
Promises to keep funds rates low for the current administration...
Boy Ben, you sure are having trouble at the 13000 thing aren't ya?
Bubble Fantasy talk!
Ben, step away from the Caterpillar!
It's funny that no matter what the real world conditions, the Chairsatan refuses to acknowledge the possibility of inflation above 2.0% Lying bastards!
Cant admit anything over the PA system when youre flying on 1 wing.
Transitory
Transitory
He can´t raise rates...and the politicians will never cut spending....so with more people on the dole...and less revenue coming in.....and trillions of more debt for the future...I would say kicking the can is going to be one hell of a game..I wonder if Nike has the jersey and shoe contract for that
The crackhead Wall St doesnt seem to like it much.
No Bananabuck Ben's Huey Delivery Service this week? Maybe he can just take 15 minutes to fix that inflation thingy...
Criminal enterprise.
That gold chart does look funny...
BULLISH! Buy AAPL while you still can, stock price lower than $1,000 is transistory...
Gen Ben: Let the poor man get a loan...
liesman asking bernak questions is like DSK interrogating the tax payer funded hooker non payers in colombia
How can he sit their and lie about deflation being evil? Is he really that dumb?
He speaks like Obama now, a lot of ah, oh, ah ...
Silver broke through $30s as the powers-that-be elicited the responses in the markets that THEY DESIRED and do not necessarily reflect any reality other than What They Want!
http://silvervigilante.com
BUT BUT BUT TYLER
You have been expecting easing from FED since last JUNE
They are jawboning, we aint gonna get easing til SP is at minimum 1100
and you know it
Earth to 79: They are QEing at this very moment.
fat drunk and stupid is no way to go through life son...
[/dean wormer]
Really the FED is QE'ing. NO THEY ARE NOT
fat drunk and REALLY stupid believing everything you read in blogs is no way to go thru life son
The fed isn't price fixing and they aren't buying assets from the banks? You believe that? Operation Twist doesn't count because it is sterilized completely? My mistake, you aren't stupid, just naive.
Show me proof. Oh articles you read on ZH. Oh ok that is good enough for me. (Still best site on web, you cant beilive everything you read)
Just like gold is goona go thru the roof and silver, they keep making lower highs, I was a beiliver my friend in PM's, but as i said back in october when gold failed at 1800, it might have topped. and got attcked for these comments.
Dont believe everything you read, even on ZH
You are the one that is naive my friend
Listen up Neidermeyer, if you cannot comprehend that the growing balance sheet of the Fed is QE, then do as you say and go away from your time on ZH and read the actual Fed financials. There is an assumption that people here have a basic understanding..........I guess I was wrong....
Right, and also S&P 1,100 isnt ever coming either, because they cant even let markets slide .1% without immediate recovery measures on overnite futures.
last i checked we were down 4.5% from high about a week ago when we hit 1355
thats not .1%
WHOA man yea we've plunged -20 points on the S&P....brutal!
Who said plunged? You simply said market has not gone down .1% and I proved you wrong.
When we hed to 1100-1150 by mid to late summer, that will be a plunge
And what have they been doing since? Recovering it by .5% daily since then.
public and private pension funds and 401k's are deeply underwater. they raise rates, stocks drop, bond prices drop and pension funds go further underwater.
they are waiting for a miracle.
moses, jesus,allah and buddha (apologies for those i missed). these were real miracles (sarc guys). they saved people. bennie is waiting for his savior and treading that underwater water. it's coming. they thought maybe it was timmie, they thought maybe big bad bama. bennie thought maybe it was him, but he knows now he's not. he tried because he thought he was so much smarter than all of us. it is really very funny.
And I thought BO was full of BS!
Liesman tossing the old fart softball questions is indicative of journalistic worthiness. Good chance Liesman will blow him after.
Ghastly sight on air
Liesman fellates fed chairman
Swallow at finish
FOMC meeting day activities:
1) wait for speculation increases in PM's in anticipation of QE
2) go short
3) wait for dip
4) go long
5) rinse repeat
I didn't hit 'em exactly and it may not be the best way to do it but I've made a nice little chunk the last few meetings.
They will print alright, but not just now!!! First a crap down then a "gap" up!!! :)))
It will never happen, theyll never let the markets slide because as soon as it fell 5% the entire world markets would implode. Its not going to happen, ever.
Read this out loud Benny - I am Sofa King we Todd Ed.
Ben's running on hopium...
Listen to the ass clowns discussing 2% inflation versus 2.5% inflation consequences. It's fascinating.
While they dance around the head of a pin on 2% inflation, real inflation is over 10% according to shadowstats.
The amazing thing to me is how the Fed and all of these reporters quote the gvt approved employment and inflation numbers. Nobody challenges the gvt numbers.
They do not have to announce anything...they are printing today...IMHO
Bernanke looks like shit. With any luck he will die of natural causes very soon.
That'd be fine. Unnatural causes would be a plus, but I'll take what I can get.
Ben Bernshakee
Check out Wenzels speech at the Fed today. Very much worth reading.
http://www.economicpolicyjournal.com/
"Credibility of the Fed may get eroded"
The Bernank has a sense of humor.
"Econometric Models" = phone call from Bankfein? Or is it Dimon?
Free and fair markets controlled from the top - it sure feels like fascism.
Shyster who can't see a housing crisis months before it happens is projecting interest rates 2 years from now???
Bernanke WILL NEVER SAY "we are NOT PREPARED to do more". Never.
Fiscal cliffs all around.
THROW A SHOE!!!!!
My EBT my EBT i just swipe my EBT
No inflation here, move along.
You know Ben you should have really thought twice about quitting your former job...Pedro wants you back...
http://www.thesouthoftheborder.com/
South of the Border! Wart on SCs ass.
The next exit on I-95 S is Ben Bernanke Interchange. Almost drove off the road in disbelief when I read the sign prior to the off ramp.
Man I was just around there...They have a freaking interchange named after him?...WTF!
S.O.B. is a ghost town, motocross track/hangout usually frequented by people with few teeth. Go to Pedro's diner if you want to know what I mean..Good breakfast there also. That's as long as you can get past the waitress' Bubba teeth.
I'm thinking S.O.B. was Ben's prototype project for the rest of America...Dammit if it's not working...
i've been experiencing 'south of the border' signs since maybe 1966. it is was it is. it's 100% american culture. and it doesn't pretend to be anything else. it was way ahead of mcd's - who pretends to be something else. and starbucks is worse. cheese factor and they know it and worship it.
From 2:17 to 2:37, Dow round-tripped 95 pts. What a crock this guy is.
The headlines changed and are now saying something completely different.
Initially the reaction to Ben's speech was that there was nothing new. I guess that wasn't good enough.
Then they changed it and now we're reading that the speech held clues about further stimulus and spending. Up, up and away!
It's the fucking Twilight Zone!
Those f'ing PumpMonkeys on Cnbs keeping flashing the gold price....you can almost hear them chanting "drop, baby drop, drop baby drop". Haters! but it just turned positive........
Why is Bank of America geing kept on life support instead of being liquidated?
They probably have pictures of Ben with midget trannys.
bank of america is synonymous with lawsuit.
Because they hate guns?
Ben seems very nervous when speaking about the Board Members realing in their ZIRP expectations. It appears as if there was quite a bit of discent, regardless of the official party line. Did anyone else notice this?
Ben
You s@ck, and your negative interest rates too!
The only way they can get stocks up from here is pure printing and pumping, and theres no benefit in that to anyone at all. Probably get a real big surprise out of left field next to turn it all on its head.
Question: How does a non-elected official get to be the 'Czar of the USSA' - Simple; the European Politburo selects their faux-muppet-Patriarch.
Thankyou Woody,... and that wonderful 2nd wifey that ran the WH all on her own! Amazing [no wonder she laughed at the proletariat while raising sheep on the white-house front lawn]
only in Amerika
TBTF - lets cut through the bullsit. It's in the government interest to make these banks bigger because they can easily force feed the US Treasury debt on to these banks. Rather than create smaller and more 'unmanageable' bankers the Fed would rather just deal with Dimon(JPM), Sanskrit(Citi), and Buffett(Wells).
he THINKS that young people getting jobs in a stronger economoy MAY BE A GOOD THING, but we have to see.........WOW THATS A CLASSIC !!!!
"A virtuous circle"? More like a circle jerk.
He forgot to thank craapl for the morning ramp.
last Question:
"What is most frustrating for you?
Bernanke:
"3 years of expantion doesn''t work....snufs snufs( ill have to go home now) "
hahaha
Ben's a fricken genius! Just ask him.
BOHICA!
"Why Corzine, a man of great wealth and political stature, would join an obscure brokerage firm is a mystery worthy of pursuit by the FBI, which is investigating the missing customer funds according to Congressional sources. One avenue worthy of pursuit according to Wall Street veterans, is whether Jon Corzine turned MF Global into a giant parking lot for other Wall Street firms’ bad bets on sovereign debt. Fueling that speculation is the fact that JPMorgan, Citigroup and Bank of America were part of a syndicate of 22 banks that provided MF Global with an unsecured $1.2 billion revolving credit line that required no posting of collateral, despite the company’sstring of losses and weak credit rating. The firm heavily tapped this line of credit in its last days."
.
AlterNet / ByPam Martens
MF Global: The Untold Story of the Biggest Wall Street Collapse Since Lehman
There are plenty of lessons to be learned from MF Global, all of which we can count on Congress to ignore at the behest of Wall Street money until the next financial crisis.
http://www.alternet.org/economy/155078/mf_global%3A_the_untold_story_of_...