MF Global 2 is now official. At least one can never accuse ex-Goldmanite, and current head of the CFTC Gary Gensler, as being behind the curve:
- U.S. COMMODITIES REGULATOR SUES PEREGRINE FINANCIAL GROUP
- FIRM HAS $200 MILLION CUSTOMER FUND `SHORTFALL', CFTC SAYS
- CFTC LAWSUIT FILED ONE DAY AFTER FIRM ANNOUNCES NFA PROBE
Hopefully, the CFTC's now meaningless action will help all those farmers whose money has just vaporized. Luckily, they can make it all up on record corn profits.