Skip to comments.Triple Lutz Report–Hope For MF Global Clients-Top Stories of the Day-New Site–Episode 177
Posted on 03/28/2012 9:42:55 AM PDT by appeal2
Looks like there might be just a little hope for the beleaguered MF Global clients. In London, KPMG a large international accounting firm who was appointed by the English bankruptcy court to account for the lost assets of MF has so far recovered $500 million dollars of unsegregated customer funds from a small list of large financial institutions. Theyre going for $1 billino and they told this motly group in January that if they didnt pay up, theyre going to court. This may be the best chance account holders have of ever seeing their money again. And it explains why large financial groups are buying up client claims at a discount, because they know that the clients will eventually get back all their money.
Also, we see the fall out from the Swift banning of Iran from the international transfer network which has resulted in the start of an abandonment of the dollar and the opening of many swap agreements between trading partners. Get ready for whats coming next.
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(1) rigging NJ municipal bond sales (the financial bloodline of the G/S parasites). Gov Corzine gave the woman heading up the NJ muni-bonds program a lucrative six-figure perch on the NJ/NY Pork Authority and even pumped her pension. If that's not a payoff "for services rendered", nothing is.
(2) suspicions that Gov Corzine rigged financial bombs in the $85 billion NJ pension system that will go off after he got kicked out of NJ govt.
(3) (GLOAT) THIS COULD BRING DOWN CORZINE AND OTHER SENATORS As a US Sen, Corzine got a bill passed which gave tax benefits to a Japanese bank which had been taken over by the trustee of Jonny's "blind trust" ---- trustee C. Flowers was a G/S crony and is a principal in MF Global.
"Financial genius" Corzine said "he did not know" his Senate bill benefited him.
NOTE Few US Senators knew about the bank----Jon HAD to have given inside financial tips to members of the exclusive "Senate Enrichment Club" to get the bill passed.
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