Comments on: MF Global’s failure vindicates Volcker Rule http://blogs.reuters.com/breakingviews/2011/10/31/mf-globals-failure-vindicates-volcker-rule/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TxFire1 http://blogs.reuters.com/breakingviews/2011/10/31/mf-globals-failure-vindicates-volcker-rule/comment-page-1/#comment-8618 Fri, 04 Nov 2011 06:40:09 +0000 http://blogs.reuters.com/breakingviews/?p=7306#comment-8618 Antony,

Vlocker would have done nothing here…zero.

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By: puzzled http://blogs.reuters.com/breakingviews/2011/10/31/mf-globals-failure-vindicates-volcker-rule/comment-page-1/#comment-8594 Mon, 31 Oct 2011 21:51:11 +0000 http://blogs.reuters.com/breakingviews/?p=7306#comment-8594 anthony, point well taken. not only should watchdogs and investors monitor risk positions, but I think more importantly, the most senior managers at the actual institutions need to monitor whats going on under their roofs. Here, I believe Corzine should bear a tremendous responsibility. How could he and his staff allowed themselves to have over 15% of their BS riding on any one category, let alone European debt obligations? The fact that they were levered (per your article) at 30-1 indicates a lack of internal awareness or pure stupidity on the part of the risk management team. Of all people, I would have expected corzine to have been on top of this in light of the financial turmoil realized by our banks. Cant wait to see the lawsuits from this.

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By: breezinthru http://blogs.reuters.com/breakingviews/2011/10/31/mf-globals-failure-vindicates-volcker-rule/comment-page-1/#comment-8593 Mon, 31 Oct 2011 20:41:55 +0000 http://blogs.reuters.com/breakingviews/?p=7306#comment-8593 The Volcker Rule certainly is vindicated, but that won’t stop Republicans from doing everything they can to gut those regulations.

They have to meet their taskmasters’ expectations.

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