Did the NY Fed seize MF Global’s clients’ money?

If what Felix says is true, it confirms how the 'too big to fail' big dogs like JP Morgan, Goldman Sachs and NY Fed are the arseholes in the financial markets. They are your friend when things are rosy, and the big shark to take the innocent's money when things go sour.

These big dogs are in the wrong industry. Instead of being in banking they are in the 'bank robber' industry.