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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (117272)11/9/2011 11:01:11 AM
From: d[-_-]b2 Recommendations  Respond to of 224750
 
They don't have the money for it without the mandate and the democrats are going to lose so many seats in 2012 the bill will be repealed entirely - even without SCOTUS.



To: Kenneth E. Phillipps who wrote (117272)11/9/2011 12:12:24 PM
From: lorne1 Recommendation  Respond to of 224750
 
kenny..."No, I don't think that. If the mandate is struck down, it will be up to Congress to provide the funding for the rest of the Act."....

Congress does not provide funding for anything..TAX PAYERS DO!



To: Kenneth E. Phillipps who wrote (117272)11/9/2011 5:00:51 PM
From: Hope Praytochange  Respond to of 224750
 
where markets today ? kennytroll ?



To: Kenneth E. Phillipps who wrote (117272)11/15/2011 8:35:02 AM
From: Hope Praytochange  Respond to of 224750
 
Timing questions emerge on MF Global customer cash shortfall













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The sign marking the MF Global Holdings Ltd. offices at 52nd Street in midtown Manhattan is seen in New York November 2, 2011.

Credit: Reuters/Shannon Stapleton



Tue Nov 15, 2011 12:17am EST

<SPAN class="articleLocation">(Reuters) - MF Global Holdings Ltd ( MFGLQ.PK) may have faced a shortfall in customer funds even as far back as October 27, four days before the U.S. futures brokerage filed for bankruptcy protection, the Wall Street Journal said, citing people familiar with the situation.

<SPAN class="articleLocation"> Just hours before the bankruptcy filing, MF Global executives told regulators they believed a shortfall had somehow occurred, possibly starting on October 27 or October 28, the people told the paper.

Customer funds were found to be short by about $200 million on October 27, the paper said.

The CFTC is also examining whether hundreds of millions of dollars in customer accounts were transferred at MF Global during the week that began October 24, the paper said.

According to CFTC, the transfers were not recorded in the firm's general ledger reviewed by exchange officials, the paper said.

MF Global filed for bankruptcy after its bets on European sovereign debt unnerved investors, credit agencies, customers and counterparties, causing liquidity to disappear.

Thereafter, regulators are seeking to find some $600 million missing from the company's customer accounts.

A spokesman for MF Global said last week that the firm is cooperating with regulators and the bankruptcy trustee trying to find the missing money, according to the Journal.

MF Global could not immediately be reached for comment by Reuters outside regular U.S. business hours.

(Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)