This is one of the best legal opinions I've read on why MF Global collapsed. Our global financial system has gone off the rails, and the collapse of our fractional banking system is inevitable.
http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/
Thursday, December 8, 2011
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