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To: Razzz42
Corzine took billions of dollars of OPM, played 100 to 1 leveraged roulette with it and lost. He should be in handcuffs. But instead he'll probably be hosting another $35,000/plate benefit for Obama.
4 posted on 12/08/2011 12:00:38 PM PST by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: agere_contra

I’m think’in Corzine skates away easy, no problem. How is it legal to bet (and lose) with client’s money is beyond me but apparently it is.

Besides fixing the loophole(s) they should make MF Global clients (the little people) whole just for general reasons and principles.

There is an insurance pool but the reason to use it won’t trigger due to the loophole making losing your money for you, legal.


5 posted on 12/08/2011 12:21:19 PM PST by Razzz42
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