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To: GROUND ZERO™ who wrote (29695)	3/9/2012 4:48:01 PM
From: robert b furman	Read Replies (1) \| Respond to of 224075

True, That is why I think the pressure must come from the CME. They cover the loss and ge ta pound of meat in return. They'll surface asa greater company or else get a black eye and hurt the entire industry. It takes power to screw powerful crooks. Bob

To: GROUND ZERO™ who wrote (29695)	3/9/2012 5:03:38 PM
From: FCom777	3 Recommendations Read Replies (1) \| Respond to of 224075

The saddest part of the entire scenario is that very little discussion takes place about what enabled the crime to take place in the first place. The real enabler was the change in Bankruptcy Law in 2005 that placed assets pledged to holders of derivatives contracts ahead of the entire bankruptcy process. This is what happened with MF Global. JP Morgan had engaged in a slew of derivatives contracts with MF Global. When it became apparent that MF Global was going under - JP Morgan was able to legally plunder and seize MF Global assets - including Customer Segregated accounts. All while the Bankruptcy was being set up. By the time BK proceedings were launched, all the assets were essentially gone - and squirreled away to the JPM UK subsidiaries where they could not be touched. What's even worse is that most assets held by banking institutions - including common customer bank accounts - are pledged in the very same derivative type contracts. There is little discussion of this because the banksters are setting up their next massive theft. Only the next time, the 1.6 billion stolen from Customer Segregated accounts will seem like a mere pittance compared to what is stolen in the next debacle - which will likely affect every American. But nary a peep about this flagrant loophole .... so sad .... keep stacking the silver and gold held in your personal possession. That's the only way to survive the coming maelstrom .... sorry to be so negative .... but be prepared !