Tag: MF Global

A Look at MF Global

The act of a brokerage firm taking funds from customer and client accounts for its own use is not something that is not done lightly or by low level employees. It is something that requires approval from the top levels of a firm. In my opinion in the MF Global situation, it was either an act of extreme desperation or arrogance. Either someone at the top was extremely desperate to save the firm, or someone was arrogant enough to think that they were far smarter than the market and they would be proven right while the naysayers would be proven wrong. Either way, it was