From Zero Hedge:
This week in The Institutional Risk Analyst,
we published a comment on the ongoing financial genocide at MF Global, "MF Global: Where's the Cash?"
The comment correctly identifies the location of the "missing" $1.6 billion as JPMorgan Chase and other bank custodians of MF Global. The trouble is, even though we now know where the missing money has gone, namely JPMorgan, there is little chance that the defrauded customers of Jon Corzine will ever recover a dime.
Here's the link to a video by William Rochelle of Bloomberg News explaining how the safe harbor in Section 546(e) of the Bankruptcy Code likely will prevent MF Global customers from ever getting their $1.6 billion back -- even when...
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More on the MF Global scandal:
"Vaporized": The MF Global scandal just got much, much worse
The MF Global fraud has revealed a terrible fact about your bank
Top bank analyst Whalen: This is where the stolen MF Global money is