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MFing Global,,,,,,,,,,,,,"On advice of counsel I respectfully decline to answer based on my constitutional right,"

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 29 Mar 12 5:07 AM | 32 view(s)
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Reuters) - An MF Global executive who has become a central figure in the desperate shifting of funds before the brokerage's collapse, refused to answer questions from Congress on Wednesday, frustrating lawmakers probing why an estimated $1.6 billion of customer money is missing.

The failure of Assistant Treasurer Edith O'Brien and her MF Global (MFGLQ.PK) colleagues to clear up how the money seemingly vanished drew considerable mocking from lawmakers, who alternated between anger and disbelief.

Appearing before the investigations panel of the House Financial Services Committee, none of the four executives, who also included a senior lawyer and two top finance officials, explained why the money is

http://www.reuters.com/article/2012/03/29/us-mfglobal-idUSBRE82R0YI20120329?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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