Skip to comments.ZeroHedge.com: MF-er Jon Corzine (Democrat-NJ) Stole His Clients' Money
Posted on 11/17/2011 2:22:29 PM PST by Kaslin
RUSH: I just read at ZeroHedge.com that there is a hedge fund that just shut down today. I'm not gonna mention the hedge fund 'cause I want to get confirmation on this, but the guy shuts down his hedge fund, he said, "I can't continue in good conscience to take clients' money and invest it in a rigged market." He said that this thing with Corzine's company, people do not know the real importance of what happened.
"A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm. Lets not sugar-coat this or make this crime seem 'complex' and 'abstract' by drowning ourselves in six-dollar words and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. 'The market is rigged. I cannot in good conscience put my customers' money in the commodities market.'"
This guy is closing down his hedge fund. I'm not gonna mention the name of the hedge fund here because again, I want double, triple confirmation. ZeroHedge is a qualified website. It's a credible site, blog. The letter from the hedge fund guy sounds particularly filled with vitriol, but he's right about something. Corzine was that firm, and the customers' money is gone, and it's like $600 million of it, and it's gone, and they're trying to get it back, it's a miniature Madoff in that sense. And somebody did steal that money. Somebody at that firm, which is now bankrupt and 1,100 people or thereabouts have been laid off, somebody stole the clients' money. It is a big deal to a lot of people.
I had that sent to me and I looked at it and I said, "I'm not gonna mention this yet. Well, I'll go ahead and mention it. I'll just not mention the name of the outfit yet 'til we can confirm it." But -- (interruption) What? Oh, you're reading about it? Yeah, ZeroHedge.com and you'll find it there.
Not a guy. Ann Barnhardt’s fund:
Well Rush is talking about Corzine and Corzine is a he
Odumbo’s choice to replace little Timmy
“I can’t continue in good conscience to take clients’ money and invest it in a rigged market.”
Those are Ms. Barnhardt’s words, so Rush is a bit off there. I’m sure he’ll correct it.
gee, i wonder if any of that money will end up in obama’s releaction coffers..........
Here is the zerohedge article in question:
-- snip --Everything changed just a few short weeks ago. A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm. Lets not sugar-coat this or make this crime seem complex and abstract by drowning ourselves in six-dollar words and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate. This is unfathomable. The risk exposure precedent that has been set is completely intolerable and has destroyed the entire industry paradigm. No informed person can continue to engage these markets, and no moral person can continue to broker or facilitate customer engagement in what is now a massive game of Russian Roulette.
No, no, read the article in your link. It was Corzine who stole the funds from the clients
“but the guy shuts down his hedge fund, he said, “I can’t continue in good conscience to take clients’ money and invest it in a rigged market.”
Sorry, he is calling Barnhardt a guy here.
“Corzine who stole the funds”
Yes, and that is why she is shutting her hedge fund. No way to know how much fraud is out there if MF did it.
Right, Corzine is a “he”. But the “guy” who closed down his fund today is not a guy but is Ann Barnhart. It’s well worth going to her site and reading why.
The lady has principles and integrity...not a "guy", Rush.
I heard Rush this morning, am aware of the hedge fund in question, and dynachrome’s right. Rush used the incorrect gender pronoun to describe the person who closed her hedge fund because of the lawlessness caused by the Corzine scandal.
Rush probably didn’t know the person who owned the fund was a women
Yeah. That’s Ann Barnhardt’s letter saying she is shutting her fund, BCM. (actually, I believe it is a relatively small fund, but who knows)
ps. Check out her vids on youtube. She REALLY does not like romney or muzzies.
Do you blame her?
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