Skip to comments.Staffers furious after 1,000 fired from Corzine's bankrupt firm MF Global
Posted on 11/12/2011 12:45:47 PM PST by george76
Screw you, Jon Corzine.
All 1,066 employees of the bankrupt trading house MF Global got the boot yesterday in a pre-holiday massacre that left workers without severance and benefits -- and they blamed only one man for their woes.
If Corzine were around, DiMatteo told Bloomberg News, I would punch him in the face.
Bankruptcy trustee James Giddens is still trying to find about $600 million in missing customer money. Forensic probers are trying to account for the brokerage firms assets, and federal agencies are investigating whether MF mixed company funds with money missing from customer accounts.
(Excerpt) Read more at nypost.com ...
Winning more friends...
He screwed up NJ, typical leftist scumbag.
I got good news for these guys who have been fired: Obama cares and feels their pain.
Now they can go pay their taxes. :)
I figure that I’m good for 5 to 10 years if laid off, given what I have in the bank (and in my prepper storage, and in my skills to take care of myself). I suspect these nerds are homeless in 3 months.
Do you always take joy at other peoples pain?
“Do you always take joy at other peoples pain?”
Yea, because I understand this bunch and CANNOT STAND THEM. They feel it necessary to strut their stuff - and as a conservative, I simply have a problem with that.
The beat goes on in the legacy of failure from the American Left. Corzine was my former Governor and a big Obama buttboy,(of course). Former GoldmanSachs biggie, which everyone should know by now, is Obama’s public, not-so-private banker. One watches people like Corzine get elected, and one wonders “WHO elected him, and WHY?????”
These folks are nothing more than the guardians of the Liberal Status Quo, and their ascenscion as policy makers in Politics is about nothing more than protecting the bastions of Crony Capitalism, and all the connections therein.Poor Corzine, multimillionaire abject failure as Governor, nearly demolished in a car accident because he had no seatbelt on, and how has his entire bogus company wanting to punch him in the face. Liberalism at its finest.
The same fate is due Obama, who will unfortunately/fortunately only receive the bad news deferred in the upcoming elections.
Many of them are probably experienced stockbrokers who will get another job without much difficulty. If you can sell to customers, you can usually find some sort of position.
Corzine resigned before the people were fired. He is not to blame. /s
They will, of course, continue to vote DemoRat, and get what they deserve.
I wonder if he's decided to take an extended holiday in Brazil?
Looks like the only green jobs this liberal democrat created were the ones investigating where he “misplaced” the green.
Something tells me he won't...
If he does, and feels a bit guilty about it — that's schadenfreude.
If he does, and doesn't feel the least bit guilty about it — that's gloating.
Either way, the feeling is good for a hit of oxytocin.
(Just jumping on one of my little hobbyhorses. We borrowed Schadenfreude from the Germans, because no English word quite covered the concept. It's a great word, which is in danger of being ruined by overuse. If there's no tinge of guilt, “gloat” is the right word. At least that's how I would have it, if I were a lexicographer.)
Theres a thousand people and a very old company just ruined by one man, and you take joy in that? Doesnt sound like a conservative value to me.
If any of the laid-off voted for a DIMocRAT or a LIB, I get a laugh out of their predicament. Maybe they should reconsider their world view as it ultimately is self-destructive.
No guilt on my part. Those clowns that worked for Cortisone knew EXACTLY who he was. If they chose to “live the life” thinking that his scam wouldn’t implode, they deserve exactly what happened to them. No different than the people that worked on those FAKE trading floors at Enron...they knew it was phony. Same with the Arthur Andersen scam artists.
I work a much more stable job (I think), but I still treat it like it can go away next week. So I keep a bunch of dough handy and make it a point to live WELL BELOW my income level. As I get older, I may change that somewhat, but I will NEVER be anywhere near one paycheck away from going broke, as these brats appear to have been living.
“Theres a thousand people and a very old company just ruined by one man, and you take joy in that? Doesnt sound like a conservative value to me.”
That one man is a JERK and a bigger JERK. If they chose to invest their future with him, they DESERVE EXACTLY what they got. I do agree that there are people that get screwed by “the man”, probably every day - but we’re talking about an IMBa IMBECILE here, not a typical corporate boss. So no, they deserve EXACTLY what they got. They had plenty of other options short of getting in bed with Corzine.
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Yeah, I thought so too. Gee, wait until the rest find out they are going to get screwed too.
No you’re the jerk. I work for a competitor of MF. Their brokers, back office staff, customer service....the phone never rang more then twice 24/7 before someone picked up was unparalleled in the industry. I wished I could work for them. The folks who worked there were hard working good people with families who on the whole were free market advocates and voted republican. They worked hard long hours. So to delight in there moment of distress pretty much defines a jerk....
“No youre the jerk.”
I’m happy to take the arrows. I know those people too. I went to college with them. They had one thing in mind (hint: $$$$$$$$$$), so yea, they answered the phone. But they knew who they worked for, and if THEY CHOSE to live paycheck to paycheck, then that was their choice. I simply have no sympathy for them, given what was OBVIOUSLY going to happen.
Did they check Obama's campaign fund?
I’m shocked, just shocked.
Because Jon Corzine is a good Democrat. Good Democrats care about the little people, the common people. They have compassion for their employees. A good Democrat could never run an investment firm in this manner.
“So what if we drove our company into bankruptcy? That’s no reason to fire us.”
don’t you love liberal logic?
According to liberals...businesses exist to hire people so that they can provide them with health insurance.
Really really good all-inclusive health insurance.
This is odd isn’t it?
This is a good democrat who is ....firing people?
What’s up with that?
The common denominator of all the current scandals is Marxism.
The good thing they can collect 99 weeks of unemployment.
What are the mad at Corzine for? Corzine doesn’t work for MF Global these pissed off folks must be Tea Bagger haters. / sarc
Look on the bright side, Corzine is now available to work in the 0bama Administration.
Sadly BO doesn’t need Corzine’s help to ruin this country economically. He’s doing quite well all by hissself.
Translated it means he applied over and over for a job at MF but wasn’t good enough and is bitter.
For the record, when did it become obvious.
By the time there was revelation, me thinks it was too late. Where could they go, no where. They were trapped.
I think the same views are abound in the financial business. It is hard to tell the company is going to fail when you hire on
“For the record, when did it become obvious. By the time there was revelation, me thinks it was too late. Where could they go, no where. They were trapped.”
I agree that at some point they got trapped. But Cortisone has been out of power for 2 years now in New Jersey. There was certainly time for people that were willing to UNDERSTAND HIM to get away...but many didn’t. The money (and the lifestyle) was just too much to leave.
“Translated it means he applied over and over for a job at MF but wasnt good enough and is bitter.”
Not sure who “he” is, but I’m in Texas and I am nowhere near Cortisone. I also have enough COMMON SENSE not to hitch my career to a nutcase like him.
According to the examples in the story, many of the ex-employees had been there much longer than Corzine.
“According to the examples in the story, many of the ex-employees had been there much longer than Corzine.”
...and they were DUMB ENOUGH to stay when Cortisone took over. They got what they deserved.
Does it take practice to be such a jerk?
They're not all nerds, they're not all traders. There are also peons with no degrees who do the small stuff like secretaries, receptionists and the mail room staff..
And lets not forget about the cleaning contractors who just lost a major client as well as the company that supplies the coffee products........
“Does it take practice to be such a jerk?”
How would I know, you’d have to ask Coritisone. The question here is whether we should feel sorry for people that continue working for that jerk. I will state again that ANYONE working there had plenty of opportunity to leave, but chose to stay and ‘cash in’.
Those people laid down with dogs, and woke up with fleas. They should have known what a slime ball Corzine was.
You went to college with the secretaries? The receptionists? The mail room folks? Sorry but it's unlikely they had the same privilege as you did.....
You're full of crap and a disgusting POS and a posterboy for DU on the hypocrisy of alleged "compassionate conservatives".......You really don't belong here dude.
“You’re full of crap and a disgusting POS and a posterboy for DU on the hypocrisy of alleged “compassionate conservatives”.......You really don’t belong here dude. “
I’ve been called worse. I live in Texas and HATE Perry (and let this site know it), so you can imagine the names that I get called for that.
As far as the lower-level people are concerned, that’s life - they get laid off whether they work for Corzine or Reagan, doesn’t matter - that’s how it goes. They also, usually, have marketable skills, so they’ll get picked up by others.
Everyone (including you) knows full-well that I’m referring to jerks that run around in their fancy cars, fancy homes, fancy women, etc...and think it will be that way for the next 40 years. I simply could CARE LESS for them - most of them supported Obama (with money, as well as votes), and now they threw in with Cortisone - so THEY DESERVE IT.
But nice try...
“Happy holidays, Corzine, from all your employees who’ve been fired without severance packages!” a worker fumed at the former chief as she left the firm’s midtown New York building.
“I have two little kids, it’s almost Christmas, the economy stinks — how am I gonna find a job?” said another worker who just cleaned out his desk.
No goofball I worked for another CO that was fine. When Refco went under MF stepped in and got all those accounts cuz they were really good. I got some of those Refco accounts too.I could have gotten a job with MF in a second. I know those guys. .....but I would have had to give up my current accounts and start from scratch. Would not have been financially prudent.
Really...since you know NOTHING about futures trading and segregated accounts vs fund trading...stick to what you know.
>>and they blamed only one man for their woes. ..
Ever wonder if the clerks who empowered Adolph Hitler.... hadn’t?
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