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RED ALERT: It's Open Season on All Customer Funds
Barnhardt.bix ^ | 8-10-12 | Ann Barnhardt

Posted on 08/10/2012 11:13:07 PM PDT by STARWISE

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To: DuncanWaring

Nope. Sorry, Duncan.

Anne’s cattle marketing instruction business is doing just fine. She teaches about the cattle business and how to market cattle.

She shut down her brokerage service because of IMF Global, and has been warning everyone to get out of the markets and banks immediately.

Go see for yourself about her cattle marketing seminars:

Cornerstone Cattle Marketing
http://cornerstonecattlemarketing.com/


51 posted on 08/11/2012 11:16:27 AM PDT by SatinDoll (NATURAL BORN CITZEN: BORN IN THE USA OF CITIZEN PARENTS.)
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52 posted on 08/11/2012 11:54:41 AM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93destr)
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To: yldstrk

One of the traders on Varney & Co. said to buy “things”... gold, a house in a nice neighborhood, oil and gas stuff (not sure what he meant by that, stocks in oil companies?).

The problem always comes down to how does one protect the stuff? A nice neighborhood today could be an abandoned one tomorrow. Gold can be stolen and stocks manipulated.

If I had the money, I would move to some quiet little country and hope the parasites don’t invade when they kill their own hosts.


53 posted on 08/11/2012 12:08:44 PM PDT by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: STARWISE
From the Reuters article:

“Sentinel allegedly pledged hundreds of millions of dollars in customer assets to secure an overnight loan at Bank of New York Mellon, leaving the bank in a secured position but Sentinel's customers out millions.

Customer funds were allegedly moved from the protected accounts to other accounts so they could be used as collateral for loans to Sentinel's own trading operations.

The appeals court said that “perhaps the bank should have known that Sentinel violated segregation requirements” but agreed with the district court's earlier ruling that “such a lack of care does not rise to the level of the egregious misconduct” needed to reprioritize a claim.

“That Sentinel failed to keep client funds properly segregated is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers,” U.S. Circuit Judge John D. Tinder wrote in the ruling.”

http://www.reuters.com/article/2012/08/10/us-sentinel-appeals-decision-idUSBRE87900T20120810

So henceforward, stealing your clients money is neither “fraud” nor “egregious misconduct.”

I never thought we'd become a banana republic. We are one now.

54 posted on 08/11/2012 1:21:07 PM PDT by mojito
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To: SatinDoll

Looks like I got the two operations confused... ;-P


55 posted on 08/11/2012 1:21:20 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Freedom of Speech Wins

What about the FDIC insurance? One would still be protected by that.


If you do some research you will find that FDIC is currently insolvent but HOPES to be solvent in the next 5-10 years.


56 posted on 08/11/2012 1:48:26 PM PDT by PeterPrinciple ( (Lord, save me from some conservatives, they don't understand history any better than liberals.))
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To: DuncanWaring

Hey, no one’s perfect!


57 posted on 08/11/2012 1:50:25 PM PDT by SatinDoll (NATURAL BORN CITZEN: BORN IN THE USA OF CITIZEN PARENTS.)
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To: STARWISE

Ann Barnhardt and Rick Santelli are exactly the type of experts to be put in charge of regulating these crony capitalism markets after dumping the Dodd-Frank monstrosity in the trash.


58 posted on 08/11/2012 2:17:00 PM PDT by shove_it (purge pandering progressive parasites)
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To: STARWISE

bookmark


59 posted on 08/11/2012 2:21:56 PM PDT by SCalGal (Friends don't let friends donate to H$U$, A$PCA, or PETA.)
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To: yldstrk
Liquidate your 401 k and pay the tax she says, and then what? Buy a farm? Buy a herd of cattle? What? Keep it in pennies in the garage? Buy cars? What?

If one decides to go all cash/precious metals and stuff it in the matress, make darn sure you keep documentation. The IRS and law enforcement agencies would be more than happy to confiscate it if you don't have proof of ownership. If one wants to go that route, I would seek legal advice...

60 posted on 08/11/2012 4:10:12 PM PDT by EVO X
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To: STARWISE

Bookmark


61 posted on 08/11/2012 4:43:26 PM PDT by DocRock (All they that TAKE the sword shall perish with the sword. Matthew 26:52 Gun grabbers beware.)
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To: steve86

bump


62 posted on 08/11/2012 4:46:40 PM PDT by Rumplemeyer (The GOP should stand its ground - and fix Bayonets)
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To: EBH

So how does one protect money from all the thieves out there at the same time? Need solutions, options for protection.


63 posted on 08/11/2012 7:00:53 PM PDT by Freedom of Speech Wins
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To: matt1234

So what do we do now?


64 posted on 08/11/2012 7:02:37 PM PDT by Freedom of Speech Wins
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To: PeterPrinciple

What do we do now?


65 posted on 08/11/2012 7:07:20 PM PDT by Freedom of Speech Wins
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To: STARWISE
I love that article from on the CME saying we need a clearing house. What the hell are they there for?! They are supposed to be the backstop when customers lose there funds when this kind of stuff happens and yet the clearly choose to punt when MF Global went under. Why? Well if they know that most CFM’s are going this, they don't have anywhere near enough cash on hand to make the private account whole hence they have no choice by to punt and at the same time keep there mouth shut to avoid causing a collapse in confidence. O....., wait, it's happening anyway.
66 posted on 08/11/2012 7:48:16 PM PDT by DarkWaters ("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
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To: major-pelham
Unless they knew the collateral that they where putting up was coming from segregated accounts. I don't know what the facts are in this case but, in MF Global’s they did know. Also there is a special bankruptcy chapter for CFM’s where the clients are placed ahead of the line and the creditors take a back seat. I remember her talking about this before hand when MF Global first bit the dust.
67 posted on 08/11/2012 8:00:05 PM PDT by DarkWaters ("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
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To: STARWISE

Bump


68 posted on 08/11/2012 8:25:49 PM PDT by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: Biggirl

Don’t worry..... Romney/Ryan will get right on it!! I am sure bankers are not their friends.


69 posted on 08/12/2012 8:20:08 AM PDT by Orange1998
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To: Freedom of Speech Wins

Move your money to tangible assets and real estate.


70 posted on 08/12/2012 8:32:11 AM PDT by matt1234 (Bring back the HUAC.)
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To: matt1234; mnehring; COUNTrecount; Nowhere Man; FightThePower!; C. Edmund Wright; jacob allen; ...

Nut-job Conspiracy Theory Ping!

To get onto The Nut-job Conspiracy Theory Ping List you need to threaten to report me to the Admin if I don’t add you to the list...

71 posted on 08/13/2012 7:28:43 AM PDT by null and void (Day 1302 of our ObamaVacation from reality - Heroes aren't made Frank, they're cornered...)
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To: null and void
More grist here
72 posted on 08/13/2012 7:34:24 AM PDT by null and void (Day 1302 of our ObamaVacation from reality - Heroes aren't made Frank, they're cornered...)
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To: agere_contra

No offense, but there were FReepers as serious sounding as you guys telling me to gather cash and guns for the 2000 Armageddon when the entire system crashes.

I need to know how serious this is.


73 posted on 08/13/2012 7:41:01 AM PDT by Yaelle
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To: EVO X; yldstrk
If one wants to go that route, I would seek legal advice...

But then there are many crooked lawyers and it's letting more people in on what you have and where it is.

74 posted on 08/13/2012 9:58:30 AM PDT by bgill
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To: Yaelle
there were FReepers as serious sounding as you guys telling me to gather cash and guns for the 2000 Armageddon when the entire system crashes. I need to know how serious this is.

Why do you have a spare tire, home and life insurance? It's not like you really need them today or even next week. Have you even needed any of those since the 2000 Armageddon?

75 posted on 08/13/2012 10:05:11 AM PDT by bgill
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To: bgill

LOL.. Point noted..


76 posted on 08/13/2012 5:10:28 PM PDT by EVO X
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To: sickoflibs; stephenjohnbanker
well SJBANKER is this as bad as it sounds ??? what was yer cut ???

seriously, is there anything besides metals that are halfway safe at this point...

the world is going to be dungeons and dragons economically before too long...

77 posted on 08/13/2012 8:50:15 PM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: Gilbo_3; sickoflibs

” seriously, is there anything besides metals that are halfway safe at this point...”

Metals won’t put a roof over your head, or feed you. And if Gold goes down 50%? It has done worse than that in the early 1980’s


78 posted on 08/15/2012 10:18:51 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker
Metals won’t put a roof over your head, or feed you. And if Gold goes down 50%? It has done worse than that in the early 1980’s

well, i did say halfway safe...heheheheh

cant afford gold anyways...brass and lead are still obtainable however...

79 posted on 08/15/2012 10:57:53 AM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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