Breakfast Links

Posted by Jeff Carter
on July 10th, 2012

PFG Best had 220 Million or more vaporize. Another futures industry scandal.

I clear Shepard International. Happy to make introductions. They are a clean, tight run shop.

It’s really astonishing. A total CFTC fail.

PFG Best used Jefferies to clear their trades. $JEF Wonder how much money they are out? Just in accounts payable.

The regulators are corrupt. But we knew that a long time ago in the US. That’s why we had a housing crisis. As Barney Frank said, “We rolled the dice.”

Did someone say “bank run”?

The French had an auction yesterday, at negative interest rates. Betcha the US Ten Year trades under 1%. $ZF_F

Obama kills small businesses.

The Pension crisis still isn’t solved.

This is good video from Rick Santelli.

The MF Global song has become the PFG Best song

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