As you know I’ve been following this MF Global story very closely, and the more I read the more upset I get. MF Global was a big institution with a lot of positions—futures, options, stocks, ETFs—and they were all overleveraged by one gigantic egomaniac named Jon Corzine, Mr. Champagne Socialist, the former co-chair of Goldman Sachs and former New Jersey governor.
The worst thing about Occupy Wall Street is that it's ruining a good cause: hating Wall Street. Just when opposing Wall Street was gaining momentum, these brain-dead zombies are forcing us to choose between thieving bankers and them.
Government is not the answer nor are Keynesian makeshift work programs that will hire a few union workers at monstrous costs, fixing little. We need to fix structural problems.
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