Just Between Friends

When facts, data and information are gathered, dots can be connected to reveal relationships and new information as patterns emerge. There is a...

Chaos, So Complex an...

Listening to the hearings it is now clear: It was the chaos, confusion, volume of trading, voice based transactions, fast computers, slow...

At The Court of Kana...

The moment access to markets and accounts were frozen on October 31st, observers knew this “stinks like a dead fish sitting on the table,” as...

The Big Fix Was In

He Said, She Said: The CEO, Senator and Governor’s Word Over a Mid-level Operations Assistant. In the December 2011 testimony to Congress, when...

CFTC Comissioner Run...

Last week on February 12th we witnessed a short, but really testy exchange between CNBC floor reporter, Rick Santelli and CFTC Commissioner Bart...

MF Global warning: F...

Repowatch.org writes a great commentary “MF Global warning: Financial markets have not been fixed.” This article on Mary...

Round 2 Hearings Sta...

A second round of Hearings on the MF Global failure are scheduled by the Congressional Financial Services Committee on Thursday, February 2nd. This...

Financial Institutio...

The Wall Street Journal recklessly reported on “vaporizing” of 1.2 billion of customer funds in those last hours of MF Global, Inc’s,...

CFTC Warnings When B...

Last week we witnessed lawyers dueling in the bankruptcy court on the details of exactly what code of law supports customer priority in liquidation...

Obfuscation, and ...

On November 21, 2011, the Debtors and Creditor Committee filed the Joint Emergency Motion Directing the appointment of Louis Freeh as Chapter 11...

Secrecy Rules

Each transaction within and among institutions is exactly recorded. This is how the modern world works. Anything else is impossible. So it is...

Is JP Morgan Chase t...

Could it be that we will soon see JP Morgan Chase circling its wagons as assaults come from all directions? That the tough bank will rush to the...

Judge Rules Trustee ...

It was expected: That Judge Martin Glenn would rule James Giddens and his law firm, Hughes Hubbard & Reed, to be sufficiently...

Laurie Ferber: MFG C...

Close observers of the MF Global saga have been asking from the start, where is Laurie Ferber? And then why wasn’t she called into the hearings...

SIPC Makes Declarati...

Below is the text of the SIPC answer to Judge Glenn addressing the question as to how the Trustee was appointed. Declaration here. This declaration...