PFG Best was the straw that broke the camel’s back in the futures industry. Certain fraud only because Wasendorf was man enough to admit it. Corzine with MF Global hasn’t admitted it. He came from the banking and political culture where you never admit you are wrong. If you repeat the lie long enough it might turn into fact. Joe Paterno followed that tac too, and it wasn’t until he was dead and gone they uncovered the truth.
The problem that I see is there are so many agencies that want the power to regulate we could be in for a...









For CME, It’s Time To Lead