MF Global: The Coverup

Eventually the regulators and financiers will spin a story and it might stick together. But there is also a possibility that it may come unhinged, and the coverup, not the theft of funds itself, will bring down careers and institutions.

And the scandal is much wider than MF Global and their unfortunate customers. This is not the sort of thing that those in positions of stewardship might wish to see come uncorked in an uncontrolled manner.

This ongoing farce with the financial sector should send a chill down the spines of all retail investors and the public.

It is good to see a respectable media publication like Forbes being so forthright in its ongoing coverage of the scandal, when the propensity to dismiss fraud and cheerlead the financier’s agenda is the primary impulse of much of the financial press and mainstream media.

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