Recently, on a post about the MF Global collapse, I pointed to the financial blogger Zero hedge, who said:
“the trail in the MF Global collapse, where it is yet another infinitely leveragable product that once again comes to the fore, once again goes straight to that hub for “questionable activities” – London.”
which is consistent with the regular theme I pursue in Treasure Islands. Now here is the what looks like the same thing, but in pictures. Click to enlarge – that red oval is mine.
I confess I haven’t researched this complex mess in any detail — I will, later this year — but thought I would at least include this. Full details on the MF Global collapse here.