Ah... ummm... where exactly did a co. like MF Global get the funds for a 40:1 leverage?
Ah... well... someone(s) with lots of cash must have lent (lended?) it to them.
Now who could that be and when will it "come to light?"
You folks already know, we don't even need to say.
There is more than one 'level' in the disguised Euro funds from US institutions as we have said in a previous blog entry. You can scroll down and see the facts.
