Podcast: Play in new window
I was interviewed on Bloomberg TV about Jon Corzine’s testimony and the missing client funds. In the interview, I suggest that Corzine was playing for a pardon.
The video gets hung up but the voice is clear.
Great insight Michael. Marc Faber recently commented that he thinks the whole derivatives market will one day cease to exist. I certainly hope it does not come to that.
It’s one thing to have to keep your losses small, and another to have to worry about your f’n FCM stealing your money.