And, where is it all the money anyway? Is it still a mystery or is it gone? Someone has $1.2 billion and no one has been charged with any crime! Trading volume – and, hence, brokerage firm and CME revenue - is down significantly as are customer funds deposited with trading firms. Not only was money stolen, but a key United States industry has been maimed.
Not only was MF Global’s demise apparently rigged, the markets, themselves, are being rigged by the federal government. Federal Reserve Chairman Ben Bernanke (whose middle name, Shalom, means “peace” and “welfare” in Hebrew) has declared war on the free market system by promoting corporate welfare with his low rate crapshoot. He wants to force the federal funds rate to remain at, effectively, zero for the next THREE YEARS! Good luck CME in getting any action in your once dominant 90 day LIBOR contract.
There are less than a handful of occutards remaining outside the Chicago Board of Trade these days. There has been no impact on corporate greed from this once-promising movement as it has degenerated into a bunch of self-indulgent, disorganized, dirty, destructive mobs with no focus and no message. And where is the Tea Party on this? Nowhere. Only the gold hucksters are making money on commodities now.
