MF Global woes ripple into heartland

  • Article by: JIM SPENCER , Star Tribune
  • Updated: December 1, 2011 - 10:29 PM

More than 100 Minnesota farmers are believed to have had assets frozen in the wake of the brokerage house's huge bankruptcy.

  • 4
  • Comments

  • Results per page:
  • 1 - 4 of 4
leviw01Dec. 2, 11 9:52 AM

MF Global was the counterparty to the institutions chosen by the farmers anc coops for their business. The CFTC and SEC are well aware of what is called "counterparty risk," which neither your story nor the elected officials have mentioned at all. Who were the banks or brokerages the MN locals did business with? It is they who chose to do business with MF global as their counterparty. What kind of disclosure did the MN locals receive regarding counterparty risk? That's the key to this story.

7
0
joeydaroachDec. 2, 11 1:10 PM

Corzine should be bunking with Maddoff and Petters.

8
1
joeydaroachDec. 2, 11 4:32 PM

Interesting that the liberals are commenting on this story. I wonder why?

1
7
ztwoodsDec. 2, 1110:49 PM

Yep, let's call for less oversight of the financial services industry, the industry does such a great job of policing itself.

2
2
  • 1 - 4 of 4

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT