More On Legal Stealing - The Infamous CFTC Rule 1.29

I don't think most people grasp the significance of how the bankruptcy of MF Global went down.  The sanctity of segregated client accounts is the foundation of our financial industry.  Trust and confidence in the safety of client funds in custodial accounts is a basic principle in our global banking system--even in the event said custodian goes bankrupt.  This author suggests the $600 million missing from client accounts was accosted by JPMorgan before they found out MF Global was about to collapse.

Why is this important?  Because if clients can no longer trust their banks for safekeeping of their funds, there will be a massive liquidation of accounts, causing a run on banks.  The mattress will be considered safer than the bank. 

http://truthingold.blogspot.com/2011/11/more-on-legal-stealing-infamous-cftc.html