Another White-Collar Robbery Term To Learn Before It All Comes Crashing Down: ''RE-HYPOTHECATION''

[Kaleko]

1. Re-hypothecated out the Yin Yang or "All Our Client Money R Belong To Us".

One morning I woke up and went to ZeroHedge to find the first article explaining the existence of a terrific moneymaker for investment banks called re-hypothecation.
"What new and fresh hell is this??" I asked myself in honor of Sylvia Plath.
And then I panicked just a little bit as the scales fell from my eyes, a few dots that had been lonely in their isolated spots connected themselves, and I suddenly beheld a pretty clear picture of how utterly screwed we have been for YEARS, unbeknownst to ca. 99.99% of us. All thanks to the Wall Street of London and its deliberately loop-holed banking regulations.

An updated version of that initial eye-opener:

Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else

http://www.zerohedge.com/news/why-uk-trail-mf-global-collapse-may-have-apocalyptic-consequences-eurozone-canadian-banks-jeffe