Bankruptcy of the commodities trading firm may include some $1.2 million missing from customers accounts. Farmers, ranchers, and agricultural businesses were cut off from the cash in their accounts when MF Global sought bankruptcy protection in October.
The former CEO of the bankrupt investment firm has been called before a congressional committee next week.
Washington’s self-imposed deadline to do something credible on the debt crisis before the Asian financial markets opened on Sunday passed in silence. "There could be extreme turmoil in markets," says one expert.
Polls show Americans blame Democrats more than Republicans for $4 gasoline prices, and President Obama's poll numbers show it. But people blame big oil companies even more, which may be a political opening for Obama.
A new working group with officials from nine federal agencies will monitor oil and gas markets for fraud, Obama announced Thursday at a town hall meeting in Reno, Nev.
Bernanke also says rising commodity prices will have only brief, modest effect on consumer prices. Inflation hawks at the Fed disagree with Bernanke.
The May 6 'flash crash' of the stock market was set off by a single $4.1 billion 'sell' order, the SEC reported Friday.
Wheat prices have jumped about 75 percent since early July. Drought in Russia and, perhaps, speculators in the commodity markets are behind the increase.
The financial reform bill passed Thursday by the Senate would create a council of financial watchmen who would act as an early warning system for market trouble.