Tuesday, December 6, 2011

MF Global fallout delays U.S. farm seed, land deals

So you zombie US citizens still think the collapse of MF Global and subsequent theft by its executives won't affect you?  Think again.  Expect higher food prices next year, courtesy of Corzine and Co. (hat tip to Biden and Obama).

The worst part is that legislators talk as if segregated client funds were mishandled.   Ummm, the funds were outright stolen.  Rule of law has completely vanished.  When a run on banks occurs, as clients withdraw funds from depository institutions they no longer trust, the experts will declare once again "no one saw the panic coming."  Right...


No comments:

Post a Comment