VAST CONSPIRACY OF THE GOVERNING ELITE

There are some truth tellers out there. Jesse and Chris Whalen are two. If this continues, there will be blood.

“But please, to our friends in the Big Media, could we stop saying that we don’t know the location of the missing $1.6 billion of client funds from MF Global? The money is safe and sound at JPM and other counterparties. As with Goldman Sachs et al and American International Group, the banks have been bailed out at the cost of somebody else. And the various agencies of the federal government are complicit in the fraud.”

Chris Whalen, Institutional Risk Analyst

Chris Whalen at The Institutional Risk Analyst lays out the entire MF Global scandal in a few plain words.

It is nice to see that someone who appears on the mainstream media can tell the truth on this. Usually one has to look for sources overseas, small cafes, and the occasional economic maverick to hear what really happened.

But in quiet whispers, the Street knows the truth, that the money was stolen, not once but twice. The first time by MF Global and from the very top, and then afterwards in the courts and the regulatory bodies that used the bankruptcy to take the funds from the customers and give them to the creditors.

And it does stink to high heaven. But the clean up men are giving the evidence a thorough scrubbing while justice waits, Chicago-style. Rather than being under indictment, Corzine continues to raise funds for the re-election of the president.

It has placed a chill on those trading in the US markets. Even they are frightened of such lawlessness. They can’t help but wonder, who’s next?

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