{"id":29966,"date":"2011-12-21T00:15:54","date_gmt":"2011-12-21T00:15:54","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/barry_ritholtz-the_systemic_risk_revealed_by_mf_globals_collapse\/"},"modified":"2011-12-21T00:15:54","modified_gmt":"2011-12-21T00:15:54","slug":"barry_ritholtz-the_systemic_risk_revealed_by_mf_globals_collapse","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=29966","title":{"rendered":"(Washington Post) Barry Ritholtz&#8211;The systemic risk revealed by MF Global\u2019s collapse"},"content":{"rendered":"<p>Watching the MF Global saga unfold, I had to wonder: \u201cHow was it possible for a broker dealer to tap segregated client monies to speculate in risky assets and lose billions?\u201d\u009d<\/p>\n<p>MF Global\u2019s story, as you will soon understand it, raises serious concerns for any investor. That the activities that led to MF Global\u2019s collapse were possibly legal (!) is stunning. The details are complex, but follow them through to the end and you will see all of the problems of our system \u201d\u201d political corruption, excess leverage, focus on short-term profit at the expense of survival \u201d\u201d in one sordid affair.<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/the-systemic-risk-revealed-by-mf-globals-collapse\/2011\/12\/14\/gIQAtrTI1O_story.html\">Read it all<\/a>.<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watching the MF Global saga unfold, I had to wonder: \u201cHow was it possible for a broker dealer to tap segregated client monies to speculate in risky assets and lose billions?\u201d\u009d MF Global\u2019s story, as you will soon understand it,<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=29966\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,595,149,168,114,599,585,596,34],"tags":[],"class_list":["post-29966","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-credit-markets","category-economy","category-ethics-moral-theology","category-law-legal-issues","category-stock-market","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/29966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29966"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/29966\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}