MF Global went into bankruptcy last October, but bonuses could go out to 23 employees for cooperating with authorities in the bankruptcy proceedings. Just as AIG Executives collected hundreds of millions of dollars in bonuses after the 2008 bailout, this is similar, though much smaller in size. MF Global had about $1.6 billion of money that belonged to its customers that went missing. Some of it has been recovered, but it may not ever be a total recovery.
http://www.huffingtonpost.com/2012/03/09/mf-global-bonuses_n_1334735.html
The Occupy Wall Street Protests that started in September 2011 & and then spread across the nation have highlighted ongoing problems of massive unemployment & income inequality in the U.S. Elected officials, various members of the news media, & even a few of my own friends have mocked this movement. I believe that it is possible to find a different story for every day of the year that answers "Why They Occupy".
Showing posts with label MF Global. Show all posts
Showing posts with label MF Global. Show all posts
Saturday, March 10, 2012
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