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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (44274)	1/27/2012 10:30:43 PM
From: ggersh	Read Replies (1) \| Respond to of 71445

What we are up against! Dear All, This is an important update so your attention would be appreciated. Since the website has gone live over a week ago, we have recorded thousands of hits and received hundreds of subscription requests. All this is very encouraging. We have also approached the UK Government to requested a formal investigation of the bankruptcy of MFGUK. Many important answers remain unanswered to this day, and as you know any responses from the FSA and the Administrators have been vague and painfully slow. Despite all of this great progress, the UK media continues to ignore the key issues surrounding the bankruptcy of MFGUK, and it is really hard to find any regular updates and analysis. Moreover, we have not received any formal reply by the Government. This is the most fundamental issue for the brokerage industry in the UK today, without any doubt. Please visit our "press" section and you can see how the people in the US, including their senior politicians, feel about the whole thing. We continue to believe that all client funds in the UK are exposed to material losses as a result. On top of the serious implications for the industry as a whole, we as clients of MFGUK are seeing our hard earned monies being used to pay for *everything* here: the regulatory failings of the FSA, the decisions that led to the bankruptcy of MFGUK (even if the company was solvent), the learning curve of the Administrators and their expensive lawyers (while we get no answers in the process) and so forth. This is not what we signed up for, and were assured otherwise by the very system that is now failing us. There is indeed the risk that our bill will increase even more. According to unfounded rumors, and we need to stress *unfounded*, some of the delays in returning client funds could be related to the fact that the US lawyers are making progress in making sure that they will be payed ahead of us. Apparently this relates to how those fateful trades that led to the bankruptcy of the parent company were structured, and it is possible that the UK sub was involved. We just don't know, as the Administrators haven't provided any meaningful details on this. We have restructured certain sections of the website to focus on key aspects of the bankruptcy that have led to our current predicament. Your comments, in case you have any, would be greatly appreciated as always. We would direct your attention to a whole new section on the FSA, especially as former reports they put out outlining the failings of brokers in terms of client monies were brought to our attention. Of much greater importance for us right now is for you to take action by engaging with your MP, the media, the FSA and so forth. The Court will be making some important decisions at the end of the coming week, and our only chance given what we are up against is to raise the public profile of this issue and re-energize our message. Therefore, we would particularly encourage you, your family, friends and colleagues to press the UK Government to commence a formal investigation of this mess, as we have outlined on our site. We also have solutions that can make all customers whole at the earliest opportunity. All we ask for is the opportunity to be heard and present our case. Thank you, wish you a great weekend