Son Of A Farmer Dumps On Fly-Over Country

Jon Corzine moved to the Big City and got all high-falutin and sophisticated-like.

And now he’s hosed the farmer’s hedging business

(Reuters) – When the CME Group pledged $300 million of its own money to help former MF Global customers get their cash back faster, the exchange was likely thinking of customers like Kansas cattle rancher Tim Rietzke.

Fed up and frustrated with his broker’s collapse and what he sees as the CME’s slow efforts to help him retrieve $30,000 in stranded capital, Rietzke says his faith in the futures industry has been shaken to its core.

“I would be hedging some feeder cattle right now, but I’m not going to do it. I’m leaving them exposed to the cash market and I don’t like that,” Rietzke said.

Where are the media stake-outs of Corzine’s residence, asking him where the $1.2 billion is?

One Response to “Son Of A Farmer Dumps On Fly-Over Country”

  1. aelfheld says:

    Democrats can do no wrong. This is the first and great commandment. And the second is like unto it, Republicans can do no right. On these two commandments hang all the media and the pundits.

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