The Dog That Isn't Barking

[phantom power]

What's truly strange is the fact that whatever happened at MF Global hasn't caused a giant shitstorm. Somebody stole customer money and handed it off to someone else.

This, apparently, can happen anywhere. It's a total mystery why anyone might be a little hesitant to hand their money off to the gamblers.

http://www.eschatonblog.com/2012/05/dog-that-isnt-barking.html

[patrice]

1. Money: a completely fungible PRIVATE commodity. nt

[JDPriestly]

7. Actually, according to the Constitution, Article I, section 8, Congress decides

how much money should be placed in circulation. So the money is not private at all, no matter who thinks he or she "owns" it.

[patrice]

8. Thanks for that point. Now, how to appropriately correct errors in perceptions of ownership ...?

[Yavin4]

2. Millions of Americans Hand Their Money To Gamblers Every Day

They're called 401Ks.

[tk2kewl]

4. i stopped contributing

fuck them. i am just paying down my debt instead

[phantom power]

5. There's gambling, but then there's "we'll straight-up steal your money with impunity"

A new rubicon has been crossed, there. I'm also sort of fascinated that the reaction to this hasn't been more pronounced. I guess it's just pissing in a hurricane these days.

[ieoeja]

6. When GW got elected I moved all my 401(k) into our "Short Term Government Guaranteed" fund.

It never earned more than 2%. But it never lost either.

Then later that year it lost 50%.

[Fumesucker]

3. From the comments..

Because they gave it a nice doggie treat.