Monday, January 30, 2012

HOW TO FIND THE MISSING $$$ FROM MF GLOBAL

Today's Wall Street Journal had this story:

Money From MF Global Feared Gone



Nearly three months after MF Global Holdings Ltd. collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.


As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a "significant amount" of the money could have "vaporized" as a result of chaotic trading at MF Global during the week before the company's Oct. 31 bankruptcy filing, said a person close to the investigation.

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My suggestion would be for investigators to look for mysterious large deposits in the DNC Campaign Accounts, and in the campaign accounts of each Democrat congressman with special focus on those on the House and Senate Banking and Finance Committees.
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