Skip to comments.George Soros Trader Involved in Bankrupt Firm Tied to Obama
Posted on 11/03/2011 7:38:34 AM PDT by opentalkEdited on 11/03/2011 8:01:29 AM PDT by Admin Moderator. [history]
A major figure in liberal Democrat Jon Corzine’s bankrupt firm, MF Global, used to work for hedge fund operator and Democratic Party financial patron George Soros. MF Global Holdings Ltd., now under FBI investigation, had hired Munir Javeri as Global Head of Trading.
(Excerpt) Read more at aim.org ...
>>>>Obamas first major re-election fund-raiser in New York was held at Corzines Manhattan home, with tickets going for $35,800 each
Check out the comments at Zero Hedge...these people are p*ssed. How did Polutico miss this one?
Surly they have no way of knowing Obama left Corzine's Penthouse with 2 Million.
I would think that the universe of hedge fund managers is pretty small so the fact that he used to work for Soros is pretty much meaningless. Look at that pollster involved in the Cain sexual harassment leak, he’s worked for every one of the candidates at one time or another. It’s the same situation, only so many people have a use for his skills.
MF Global was not a hedge fund, although it accepted money from hedge funds such as Cadian Capital Management LLC
...In this newly created role, MF Global said in a press release about the hiring of the former Soros money man, ...he will oversee the firms Principal Strategies Group, a newly initiated proprietary trading operation
You seem to be missing the point. Would it make more sense to you if I changed “hedge fund manager” to “money man”? There still are only a limited number of places for people with this skill set to work.
The intersting thing here is that MF Global was a Primary Dealer.
How’s that? How could the FED and Treasury NOT know what these people were doing. They had PIIGS bonds up to the gills, and I don’t see how no one else knew about that.
This is the fall guy that they are naming, and Corzine is going to walk.
This happened with another big futures house back in 2005. That was Refco. In that case there were significant client account losses. Of historical interest:
-Phil Bennet, the boss at Refco, went to jail for 12 years.
-Man Group bought what was left of Refco (they were good futures brokers).
-Man became MF Global. Rinse and repeat.
The history is relevant as it is more evidence that Corzine and MF management HAD to know that commingling was the ultimate no-no. It was part of their history.
MF Global advised the G20 on Commodities and Chinese Government! Everything you want to know about MF Global! arrest them all immediately including Jon Corzine!
Will someone please tell my why George Soros is still among the living? Evil, evil man!