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This article was written by Mark Melin, Chicago-based Editor of Opalesque Futures Intelligence and Opalesque Futures Strategies, with Bob English (with thanks to other contributors):

Sometimes you wonder if we’re living in an alternate universe.

Recent news reports that cite un-named sources and indicate the MF Global criminal case has "gone cold" are curious. In fact, these news reports are even more bizarre than previous reports claiming MF Global client funds have simply "vaporized."

A pattern of behavior and reporting appears to be emerging that supports one overall goal: push the MF Global story under the radar, avoiding serious investigation and keep the inner workings and questionable circumstances surrounding a historic event out of public view and understanding. This, in turn, paves the way for MF Global creditors to legally swoop in on what rightfully belongs to the customers.

The "vaporized" and "case gone cold" news reports all convey a common underlying message: no one is responsible for what is now estimated as the loss of $1.6 billion taken from customer segregated accounts. There was no criminal activity. The message seems to instruct people to "mind thei......................

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