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MF Global’s Precedent: Co-Mingled Funds Are Gone Forever

Written by Gary North on December 8, 2011

MF Global mingled customers’ funds with its speculative accounts. Then the money disappeared: $1.2 billion. It cannot be accounted for. It doesn’t matter. The funds will be used to pay off MF Global’s creditors. One thing seems to be certain: Investigators and banks that have had extensive dealings with MF Global believe whatever money is […]

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Tea Party vs. Occupy Wall Street: Skirmish in Philadelphia

Written by Gary North on November 28, 2011

It had to come, and it has. A Tea Party coalition in Philadelphia has taken on the far-Left OWS movement. The OWS called for a boycott of retail establishments on Black Friday. The Tea Party group correctly identified the motivation of the OWS. It issued a press release. A coalition of conservative groups, representing tens […]

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Visible Dead End: The Supercommittee Poops Out.

Written by Gary North on November 23, 2011

The congressional supercommittee officially fails today. Gridlock doomed it. Good. It deserved to fail. Only 25% of Americans expected it to succeed. Ron Paul was right. The whole idea was unconstitutional. The U.S. House of Representatives is in charge of the budget, not some joint committee. The whole thing was a sham to get the […]

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