Shock waves from MF Global collapse f...

Shock waves from MF Global collapse felt on farms

There are 7 comments on the Santa Cruz Sentinel story from Dec 4, 2011, titled Shock waves from MF Global collapse felt on farms. In it, Santa Cruz Sentinel reports that:

The shock waves from the collapse of commodities trading firm MF Global Inc. are hitting hard across rural America, where farmers, ranchers and agricultural business owners are nervously waiting to learn how much money they've lost.

Join the discussion below, or Read more at Santa Cruz Sentinel.

Wall Street Government

Sebastian, FL

#1 Dec 4, 2011
Hog producers who rode out tough years in 2008 and 2009 came to rely heavily on risk management tools and were starting to lock in some pretty good profits before MF Global collapsed, said Mark Greenwood, a senior vice president and swine expert at AgStar Financial Services, which serves farmers mainly in Minnesota and Wisconsin.

Greenwood estimates that about half of the hog producers his company serves have been affected, with combined losses probably more than $40 million. The 300 to 400 clients have individual losses of $50,000 to over $1 million, he said.

They're wondering if they can trust the futures trading system again—whether there are sufficient guarantees to ensure that another MF Global doesn't happen, Greenwood said.

Stop wondering, the evedence is all over Wall Street.
Things will NEVER change until they start sending these scumbags to prison.
BandMaster

Since: Sep 11

Location hidden

#2 Dec 4, 2011
Scumbag democrats voted this scumbag in and his scumbag friend is that scumbag Obama.

Since: May 08

Deltona Fla

#3 Dec 4, 2011
BandMaster wrote:
Scumbag democrats voted this scumbag in and his scumbag friend is that scumbag Obama.
Now President Obama is responsible for every corporate executive that gets his fingers in the escrow accounts. Did you guys blame the earthquake on President Obama? Mindless suck asses

“Liberal Teachers ruin Kids”

Since: Mar 09

Paradise Valley Arizona

#4 Dec 4, 2011
commodities trading firm MF Global Inc.

Yep more Progressive Pals of The Obama
Eric Gustafson

Virginia Beach, VA

#5 Dec 4, 2011
Imagine if they held and were granted access to the Social Security Trust Fund.

This has the potential to wipe the family farm from the face of the earth.
Tony

Broken Arrow, OK

#9 Dec 5, 2011
Oh well it is wall street at its best. Wall Street is like Vegas do not invest more than you can afford to lose.
Wall Street Government

Sebastian, FL

#10 Dec 5, 2011
Wartime V wrote:
<quoted text>
Hard to do when they're all in bed with the democRATS (the party of corruption). Or in Ocommie's cabinet.
America will not give Ocommie the 4 more years he needs to complete the destruction of this country, and once the republicans control the congress as well, they can start throwing out the corrupt politicians and have real trials of corrupt and inept individuals like Holder, Obama, Pelosi, Frank, Dodd, Meeks, Waters, Feinstein, Towns, Conrad, Baucus, Nelson, Rangel and the rest.
Senate Minority Leader Mitch McConnell (R-Ky.) has commitments from every Republican senator to block consideration this week of the Democrats’ Wall Street reform bill, a McConnell spokesman said Saturday.

Senate Republicans held ranks on Monday and blocked a Democratic effort to overhaul the financial system and crack down on Wall Street.

The drive for US financial reform is hitting high gear and Wall Street's biggest firms are lobbying hard against reform of derivatives-trading with help from Republicans.

Poor lying teabagger.

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