14
Dec
2011
Example: You give a bank collateral namely your savings. The bank takes that col…
Example: You give a bank collateral namely your savings. The bank takes that collateral or your savings and uses it again. Your collateral (savings) is not longer controlled by the bank you gave it to. It’s controlled by the bank that the bank you gave it to gave it to. That’s re-hypothecation and guess what?
What Is Re-Hypothecation, And Does It Explain Why So Much MF Global Money Is Missing?
www.businessinsider.com
And why is it so important to MF Global’s Missing Customer Cash?
This entry was posted
on Wednesday, December 14th, 2011 at 00:53 and is filed under Uncategorized.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.