walkitout (walkitout) wrote,
walkitout
walkitout

WOTD: Re-hypothecation

I realize that most of the fun to date with the MF Global scandal has been watching Jon Corzine squirm. That's basically always good for a giggle. But not much more. Calculated Risk has weighed in on MF Global finally:

http://www.calculatedriskblog.com/2011/12/mf-global-and-rehypothecation.html

Many links embedded. Have fun!

Gawker (I think) has a category/tag for "firstworldproblems". This is somewhere much more rarefied than that. It's a solid argument for being Canadian, too. (<-- Believe me, I'm aware of the counter-arguments.)

ETA: CR is walking it back already. Which is sort of sad. It was such a great storyline.

http://www.calculatedriskblog.com/2011/12/update-mf-global.html
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