The Undollar Digest

MF Global’s Fractional Reserves

Doug French 12/14/2011 www.mises.org

Jon Corzine told the House Agriculture Committee, “I simply do not know where the money is, or why the accounts have not been reconciled to date.” The public is outraged that the former CEO of bankrupt global financial-derivatives broker and prime dealer in US Treasury securities MF Global doesn’t know where the missing $1.2 billion [...]


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