Comments on: Counterparties: The incoherence of trade negotiations A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: Curmudgeon Tue, 10 Jul 2012 22:02:14 +0000 Re: We’re Doomed. Am I the only one who sees this and MF Global as clear-cut cases of criminal fraud and grand larceny? These funds are known to belong to the clients, and have significant protections against use by the holding entity. Yet they were pretty clearly misused, and almost certainly with intention. But the clients are being treated worse than creditors of these brokers. If you were ever looking for a textbook definition of wrong in the strong sense, this is it.