Comments on: MF Global’s failure vindicates Volcker Rule http://blogs.reuters.com/breakingviews/2011/10/31/mf-globals-failure-vindicates-volcker-rule/ Sun, 28 Apr 2013 15:49:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: TxFire1 http://blogs.reuters.com/breakingviews/2011/10/31/mf-globals-failure-vindicates-volcker-rule/comment-page-1/#comment-8618 TxFire1 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. Antony,

Vlocker would have done nothing here…zero.

]]> By: puzzled http://blogs.reuters.com/breakingviews/2011/10/31/mf-globals-failure-vindicates-volcker-rule/comment-page-1/#comment-8594 puzzled 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. 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.

]]> By: breezinthru http://blogs.reuters.com/breakingviews/2011/10/31/mf-globals-failure-vindicates-volcker-rule/comment-page-1/#comment-8593 breezinthru 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. 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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