I watched some of that on TV this morning. Those pencil neck execs all said they gave no instructions to move the funds or have any knowledge of the funds being moved. However the way I see it, someone made a phone call, sent an email, or pressed the enter key on a keyboard. They just have to find the right person and squeeze real hard and they will start giving up those above them in the chain. This is not the case of some rogue trader loosing a billion dollars of MF's money. It is someone that has the clout to break the firewall between client money and MF's money.

One article I read online (I belive it was a business week article) is that someone was saying that even if they do find the funds and recover them, they see no reason why the customers/clients should be put in line first to receive the money. That the funds should be part of the money that is available for all the creditors. How sick is that.

Makes me think that a number of years ago Lind-Waldock was taken over by Mann Financial, then I believe it became MF Global and even though Lind-Waldock was part of them it was still a division or a subsidary of theirs. Then in July of this year it just became a part of MF Global. Makes me wonder, if that allowed them to gain access to the funds.