MF Global Mystery: The Beginning of the End or the End of The Beginning?
Lots of news and updates on MF Global, PricewaterhouseCoopers, JP Morgan, Jamie Dimon and the politics of money.
Posts
The Plot Thickens: The House Financial Services Committee MF Global Hearing
/in Food for ThoughtView the story “The Plot Thickens: The House Financial Services Committee MF Global Hearing ” on Storify]
Rogue Traders, Rogue Firms: The CME, PwC, MF Global and the Legacy of Refco
/9 Comments/in Food for Thought, PricewaterhouseCoopers, Pure Content, Regulators, Laws, Standards, RegulationsLet’s not forget PricewaterhouseCoopers, MF Global’s auditors.
When it comes to hands-on access to private information, the auditor has more than any other regulator mentioned. And they are supposed to be experts in that client’s business and in the accounting and auditing standards for that industry. PwC also audits JP Morgan, Bank of America Merrill Lynch, and Goldman Sachs. They are all large players in the futures brokerage industry.
MF Global: Where Is The Missing Money?
/10 Comments/in Fraud, Latest, MF Global, PricewaterhouseCoopers, Regulators, Laws, Standards, Regulations, The Case Against The AuditorsAlmost everyone wondering where the missing MF Global customer assets have gone thinks they will show up eventually. I believe the assets are long gone.
MF Global: 99 Problems And PwC Warned About None of Them
/13 Comments/in Pure Content, You Can Quote Me On ThatMy latest column is up at American Banker, “Are Cozy Ties Muzzling S&P on MF Global Downgrade?” You may recall the last time I wrote about MF Global. Something about a “rogue” trader.