Update on the Collapse of MF Global

Well here’s the article that lays it all out: the overconfidence, the intimidation, the big ego, the reckless use of power.

A big thank you to The New York Times for reporting on this financial tragedy.  http://nyti.ms/uIoyJu

We do not have adequate regulatory controls over financial institutions to prevent this scenario from playing out time and time again.

Wake up people!