The wait continues for those with accounts (myself included) with Mf Global to get their money back. News coming out seems to be worse and worse as it looks like it could be 6 months before we see any money from MF, and a haircut looks increasingly likely.
I can't imagine the ramifications should traders not get there money back. Speaking to someone who is in the same position I thought I would paste what they said which I agree with totally.
After sitting through 2008, the fact that we have to wait 5 months to maybe get our funds back from the largest broker in the world tells me this is tip of iceberg, the euro crisis was just a window into a massive dislocation of the rotten American Goldman led take over and robbery of politics globally but especially in USA
Intervention to save banks? That's worse than the communism America hates so much
That's completely outrageous when those bailed out then change the laws more, deregulate more, put their people in the regulators and in the government, and then do the same in Greece and Italy - and steal even more money than ever
Since 2008, it's been hard to make money because of all the rigging and cheating and intervention.
There you go! View of probably many!
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