By BEN PROTESS, MICHAEL J. DE LA MERCED and SUSANNE CRAIG

9:55 p.m. | Updated

Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday.

The recognition that money was missing scuttled at the 11th hour an agreement to sell a major part of MF Global to a rival brokerage firm. MF Global had staked its survival on completing the deal. Instead, the New York-based firm filed for bankruptcy on Monday.

Regulators are examining whether MF Global diverted some customer funds to support its own trades as the firm teetered on the brink of collapse.

Click here to continue reading “Regulators Investigating MF Global for Missing Money”.

(On Consensus Decision Making)
David Graeber

On August 2, 2011 at the very first meeting of what was to become Occupy Wall Street, about a dozen people sat in a circle in Bowling Green. The self-appointed “process committee” for a social movement we merely hoped would someday exist, contemplated a momentous decision. Our dream was to create a New York General Assembly: the model for democratic assemblies we hoped to see spring up across America. But how would those assemblies actually operate?

The anarchists in the circle made what seemed, at the time, an insanely ambitious proposal. Why not let them operate exactly like this committee: by consensus.

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Link to Abstract

Last night hundreds marched through the streets of NYC, chanting “New York is Oakland, Oakland is New York.” We circled City Hall, ran in the streets, refused to be kettled or have our voices silenced, marched up broadway, North on 6th Ave, circled around on Bleecker, and marched south against traffic on 6th ave, running past police barricades, running past our fear, running in solidarity with each other and #occupyoakland.

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