SP 500 and NDX Futures Daily Charts - MF Global Admits Taking Customer Funds

Tough down day on the US equity markets.

I have a hunch that the Wall Street crew will circle the wagons, and that MF Global will suddenly 'find' the 700 million or so in customer funds in some misplaced account.

One after another, all will be led down an alley and strangled, for the sake of systemic corruption, starting with the truth.

MF Global Admits Misappropriating (Taking) Customers' Money For Their Own Purposes (Gambling)

Who do they think they are, the NY Fed?

AP
MF Global says it used clients' money
Tue Nov 1, 2011 2:42pm EDT

Nov 1 (Reuters) - MF Global Holdings Ltd ., the futures broker that filed for bankruptcy protection on Monday, has admitted to using its clients' money as its financial troubles mounted, AP reported, citing a U.S. official.

An MF Global executive made the admission to federal regulators in a phone call early Monday, AP reported.

MF Global did not keep its customers' money separate from its own, CME Group CEO Craig Donohue said on Tuesday.

Six Things No One Will Tell You About MF Global

Are Clients of MF Global Insured Against Fraud?

Nope, Just Another Small Fry...

Net Asset Value of Certain Precious Metal Trusts and Funds

I would like to know the details of how Sprott Silver is managing its cash, and whether it holds any units of the fund back for occasional cash sales.