The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (3617)	2/28/2008 10:06:03 AM
From: RockyBalboa	Read Replies (1) of 71454

The next dead bodies, Thornberg and MF - rogue MF trader tanks fund. AP MF Global: Rogue Trader Rang Up $142M Thursday February 28, 9:14 am ET Rogue Trader at MF Global Allegedly Rings Up $141.5 Million in Losses NEW YORK (AP) -- MF Global says a rogue trader rang up $141.5 million in losses in the broker's own account. The New York-based company says a wheat trader was able to conduct unauthorized trades on Wednesday because of a failure in the entry-order system the broker used to vet trades.< The trader was fired immediately. MF Global clears its own trades, meaning it is responsible for $141.5 million in losses. The company said its clients' money is not threatened. MF Global hired a technology consultant to examine the system, which it says should have blocked the unauthorized trades. The discovery comes a month after French bank Societe Generale revealed that a rogue trader rang up more than $7 billion in losses on his company's account by allegedly placing unauthorized bets on European stock indexes.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next