The move in the Swiss was extraordinary because of the massive short-Swiss through loans and their own buying of Euros. The audacity of the IMF to even state they will look into this as if they have any such authority or credibility is just stunning. They want the inside info so they can line their own pockets along with friends.
The British brokerage house Alpari (UK) Limited has entered insolvency due to the Swiss move. There is no way a Broker can limit the risk of an account when something moves 30%. There is more fallout to come. Just keep in mind this will happen when the dollar rises for there is even a larger short-dollar position around the globe. What we have seen in the Swiss will be the dress rehearsal for the dollar.
