>>>>Obamas first major re-election fund-raiser in New York was held at Corzines Manhattan home, with tickets going for $35,800 each
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.
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.
Will someone please tell my why George Soros is still among the living? Evil, evil man!