In response to:

Corzine Will Not Be Prosecuted

tex1952 Wrote: Aug 17, 2012 8:12 AM
The ruling by the 7th Circuit court on the Sentinel affair set a precedent for ALL banks in this country. As of now it is ok to steal your money. Once you deposit into your acct., that money is no longer yours and they can do whatever they want with it. GET OUT NOW. I know it is awkward, but the ONLY way to protect yourselves is to go to a CASH SYSTEM. OK OK keep a small amount in your acct. for those bill that you must write a check to pay. There are alternatives to that, too. Your money IS NOT SAFE unless it is in your hot lil hand. Don't take my word for it. Do your own research. Here is your start, check it out ! :
DHWood Wrote: Aug 22, 2012 12:14 AM
The sad thing is Tex, in that decision, it was ruled not necessarily "intent to defraud" to use segregated customer funds because: 1. their use was delivering over sized profits for a while, hence influencing the idiot judge to think there was no malicious intent nor egregious misconduct. 2. Those segregated Sentinel funds were managed for other brokers, who managed them for their customers, who made those extreme profits for some time, hence, take the trimming... 3. That means the entity that got them keeps that STOLEN money.
Yes, you are correct, unwinding the crime is like a chain reaction, so letting it go is the easy way out. The next entity likely already threw the pile through several other transactions with more entities attached.
Xfranman Wrote: Aug 17, 2012 5:36 PM
Only a lawyer could come to such a conclusion. Theft w/i the legal profession is inbred. And of course, judges are simply lawyers who donate to pols. "Justice" is as ethereal as a bite of cotton candy
tex1952 Wrote: Aug 17, 2012 8:16 AM
Another place to find the truth about this is an article titled RED ALERT "It's open season on customer funds" . You'll find it
Jeff3820 Wrote: Aug 17, 2012 8:53 AM
yes, the Sentinel affair was pretty tawdry. One of the guys that was involved was also with PFG prior to that!
DHWood Wrote: Aug 22, 2012 12:16 AM
Since the law isn't being enforced, what tex1952 says is clearly correct when push comes to shove, and it appears ENCOURAGING crime is the call of the day.

There are a few ways that one can look at the headline today in the NY Times.

First, you could say this is great for the futures industry. There was simply a misunderstanding of where money went and there was no harm no foul. Billions in equity value at ICE ($ICE) and CME ($CME) should immediately return to their stock prices since the industry is in great shape. Volume and confidence ought to