MF Global stole over $1.2 billion: CME claimed to hold over $100 trillion in insurance

The Wall Street Journal reported today that MF Global could have stolen over $1 billion dollars from custumers gold futures accounts.

http://online.wsj.com/article/SB10001424052970204443404577052143849159420.html

Now though, many are asking, why did the CME say that they held over $100 trillion in insurance liability to cover lack of funds in futures and commodities exchanges?

http://www.youtube.com/watch?&v=evquaoWOubY

Also an investigative report by Forbes shows that Corzine may have been running MF Global with an expired Broker license.

http://www.forbes.com/sites/billsinger/2011/11/04/did-someone-at-finra-do-corzine-a-favor-and-waive-his-registration-requirements/