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<p>[QUOTE="Blaubart, post: 1561931, member: 37498"]MF Global has been accused, and many of these accusations are widely accepted as true, of many criminal acts. Their Wikipedia page has some highlights of what they've been accused of. It wasn't just running a business into the ground. It was using investor funds, money that was supposed to be invested in securities, to offset company losses. There is a difference between buying stock in a financial company and being a customer of that company. For example, if a person had $1 million invested in XYZ company through MF Global, should they lose their $1 million when MF Global goes bankrupt despite their XYZ stock still having $1 million in value? Yes, investing is risky, but it shouldn't be that kind of risky.</p><p><br /></p><p>I understand these things are often very complicated and sometimes hard to prove which person committed a criminal act, but when you're talking about billions of dollars, they should make every effort to identify and prosecute those responsible.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1561931, member: 37498"]MF Global has been accused, and many of these accusations are widely accepted as true, of many criminal acts. Their Wikipedia page has some highlights of what they've been accused of. It wasn't just running a business into the ground. It was using investor funds, money that was supposed to be invested in securities, to offset company losses. There is a difference between buying stock in a financial company and being a customer of that company. For example, if a person had $1 million invested in XYZ company through MF Global, should they lose their $1 million when MF Global goes bankrupt despite their XYZ stock still having $1 million in value? Yes, investing is risky, but it shouldn't be that kind of risky. I understand these things are often very complicated and sometimes hard to prove which person committed a criminal act, but when you're talking about billions of dollars, they should make every effort to identify and prosecute those responsible.[/QUOTE]
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