It looks like DElay'Deny'Stall&Divert'em Inc. will be working Fast&Furious on this one over the holidays.
The ripple effect?
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MF Global fallout delays U.S. farm seed, land deals
http://news.yahoo.com/mf-global-fallout-delays-u-farm-seed-land-061053851.html
CHICAGO (Reuters) - For the first time in 25 years, Minnesota farmer Dean Tofteland has missed his deadline to buy seed for next spring’s corn and soybean crops.
With $200,000 of his money yet to be returned from the accounts of MF Global, his former broker, the 49-year-old farmer has missed a $5,000 discount for early buyers, and is watching friends and neighbors snap up the best varieties of seeds.
In the latest sign of how MF Global’s failure is continuing to cascade across the commodity industry, Tofteland and other farmers who have yet to recover more than a third of their money from the bankrupt broker now find themselves in a cash crunch that risks rippling far beyond the futures market.
Some farmers have had to postpone purchases of land or equipment. Tofteland still expects to sow his 1,000 acres in the southwest corner of the state, but may have to borrow money to do so.
I thought Sarbanes-Oxley and Dodd-Frank were supposed to make sure these things never happen again.
When Shelby gets done ranting about the CFTC for personal ratings he will turnover his paperwork to SEC and ask them to do something. If he was investigating SEC, same thing would happen but he would be turning his paperwork to CFTC asking them to do something.
Bunch of do-nothing losers.
I’m sure they will really really embarrass Corzine really good this week.
I know of some farmers who had unknowingly had their trades cleared through these people.
Those trades are what the farmers use to offset and hedge risk or lock in this years record profits.
Now it's all gone poof it appears.
Really some people should be shot it sounds like.
CFTC, just another mob overseer. Purpose of most overseers/USG: the USA rape and pillage to continue.
Senators are outraged about CFTC and MF funds - but where the heck are they on sham speculaor oil trading that has driven up the price of gasoiline in the middle of worst recession since the 19020s? How the heck do commodities like flour, coffee and gasoline rise when consurmers are not buying? Where are these questions by the outraged senators and congressmen?