It's been non-stop demands of "off with their heads" from the CNBC crowd the last 2 days - far beyond anything resembling a reasonable level, even for them. Clawbacks? Seriously?! On paper losses from an open position? What happens if the position recovers it's loss and and then makes another 20% tomorrow, will you re-credit the accounts of the people you clawed back?!
Have you people lost your freakin minds?
The lesson we should all take from this my fellow Wall Street brethren is, let it be a cold day in hell before you go to work at a US bank again. If they can do this to Jaime Dimon's crowd (I wonder who's cheerios he peed in) then just imagine what they'll do to someone without juice.
To hell with those people.
By the way, as an MFGlobal client who is still waiting to get his cash back (not his positions... his CASH) I really appreciate that you gave that story the same attention as this one - CNBC losers.
Journalistic credibility really isn't worth anything anymore.