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ZeroHedge.com: MF-er Jon Corzine (Democrat-NJ) Stole His Clients' Money
Rush Limbaugh.com ^ | November | Rush Limbaugh

Posted on 11/17/2011 2:22:29 PM PST by Kaslin

BEGIN TRANSCRIPT

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. Let’s 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.

END TRANSCRIPT


TOPICS: Business/Economy; Crime/Corruption; Editorial; US: New Jersey
KEYWORDS: annbarnhardt; bcm; corzine; liberalsarecrooks

1 posted on 11/17/2011 2:22:32 PM PST by Kaslin
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To: Kaslin

Not a guy. Ann Barnhardt’s fund:

http://www.freerepublic.com/focus/f-bloggers/2809050/posts


2 posted on 11/17/2011 2:24:45 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: dynachrome

Well Rush is talking about Corzine and Corzine is a he


3 posted on 11/17/2011 2:26:50 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin

Odumbo’s choice to replace little Timmy


4 posted on 11/17/2011 2:27:30 PM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Kaslin

“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.


5 posted on 11/17/2011 2:30:10 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Kaslin

gee, i wonder if any of that money will end up in obama’s releaction coffers..........


6 posted on 11/17/2011 2:30:45 PM PST by sappy
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To: Kaslin; All

Here is the zerohedge article in question:

http://www.zerohedge.com/news/entire-system-has-been-utterly-destroyed-mf-global-collapse-presenting-first-mf-global-casualty


7 posted on 11/17/2011 2:31:24 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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Day 48 Of The FReepathon
Do You Know Why?

There are loyal posters that donate every FReepathon. Some donate several times during every 'thon. But others never donate. Why?

1 My enemies haven't been zotted.
2 The owner doesn't support my candidate.
3 FR won't "upgrade" to "Like" buttons and blinky crap.
4 Someone else will donate.
5 My friend was zotted.
6 I lost my job and have no income.

Only one of those is a legitimate reason.

Support It Or Lose It


8 posted on 11/17/2011 2:31:43 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: dynachrome
From the 5th paragraph in your link

-- 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. Let’s 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.

9 posted on 11/17/2011 2:32:39 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: dynachrome

No, no, read the article in your link. It was Corzine who stole the funds from the clients


10 posted on 11/17/2011 2:34:26 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin

“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.


11 posted on 11/17/2011 2:38:14 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Kaslin

“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.


12 posted on 11/17/2011 2:39:45 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Kaslin

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.


13 posted on 11/17/2011 2:41:46 PM PST by Shannon
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To: Kaslin
"...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."

The lady has principles and integrity...not a "guy", Rush.

14 posted on 11/17/2011 2:44:59 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Kaslin

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.


15 posted on 11/17/2011 2:45:33 PM PST by SpaceBar
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To: dynachrome
I was referring to your link in post #2

http://www.freerepublic.com/focus/f-bloggers/2809050/posts

16 posted on 11/17/2011 2:45:36 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: dynachrome

Rush probably didn’t know the person who owned the fund was a women


17 posted on 11/17/2011 2:51:47 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin

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)


18 posted on 11/17/2011 2:52:55 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Kaslin

ps. Check out her vids on youtube. She REALLY does not like romney or muzzies.


19 posted on 11/17/2011 2:54:34 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: dynachrome

Do you blame her?


20 posted on 11/17/2011 2:55:41 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: dynachrome

Thank u 4 that link.

I’m just dumbfounded.

This is pure evil.


21 posted on 11/17/2011 2:57:44 PM PST by gaijin
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To: Kaslin

“Do you blame her?”

Nope. I even shook her hand earlier this year, thanking her for being brave enuff to put up the vids on youtube that she did.


22 posted on 11/17/2011 2:58:20 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Kaslin

This is just the tip of the iceberg. The whole system is rigged/ corrupt. So many laws have been broken and no prosecutions.


23 posted on 11/17/2011 2:59:28 PM PST by Revel
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Kaslin. Rush rocks out:
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. Let’s 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.

24 posted on 11/17/2011 3:01:14 PM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: Kaslin
OK so..if I understand correctly, the Corzine's career went like this:

1. MBA in Chicago

2. Gets to Goldman Sachs. They securitize baskets of home mortages specifically cherry-picked because they were unusually risky, then sold those baskets, and then KNOWING that high risk they then bet AGAINST those securities which they CREATED, making a obscene profits while many people were cleaned out.

Still with me?

3. Then he's guv of the state of NJ --Corzine presides over the financial collapse of that state.

4. He moves to MF Global, and then empies the firm of funds. IS THAT CORRECT, MORE OR LESS...?

25 posted on 11/17/2011 3:05:46 PM PST by gaijin
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To: gaijin; dynachrome

“I’m just dumbfounded.

This is pure evil.”

stick a fork in us............


26 posted on 11/17/2011 3:08:40 PM PST by vanilla swirl (We are the Patrick Henry we have been waiting for!)
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To: dynachrome
I just went to her site,

Ann Barnhardt
and she writes:

Dear Rush Limbaugh . . .

Posted by Ann Barnhardt - November 17, AD 2011 12:59 PM MST
Apparently Rush just read my "Going Galt" shutting-down-the-brokerage letter. I am humbled. Wow. And he thinks I'm a dude. :-)

Thanks to ZeroHedge.com for posting it.

I am going to head out of town for a few days, but will be checking email and messages.

Thanks to one and all for the kind support and prayers. Please be assured of mine in return, for all of us.

***There is some confusion as to what I (formerly) did for a living via BCM. I am not a "hedge fund" or a "money manager". I am an old-school commercial hedge broker specializing in CATTLE and GRAIN. Farmers, ranchers, etc. Actual hedging of actual cattle and grain using futures and options. Very old-school original.



27 posted on 11/17/2011 3:09:38 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: gaijin

Hmm...I’m beginning to see a pattern there...BTT.


28 posted on 11/17/2011 3:10:49 PM PST by Billthedrill
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To: Kaslin

Haha. Thanks. Maybe she reads FR?


29 posted on 11/17/2011 3:10:58 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: dynachrome

HERE IS HER WEBSITE:

http://www.barnhardt.biz/


30 posted on 11/17/2011 3:11:50 PM PST by gaijin
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To: dynachrome

Maybe, who knows. LOL


31 posted on 11/17/2011 3:12:32 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: gaijin

I didn’t know about the MBA connection in Chicago. the first thing about him was when the liberals asked him to run for the Senate when he was at Goldman Sachs


32 posted on 11/17/2011 3:16:59 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin

He’s also a Bilderberger and his run for NJ gov involved $70 million of his own money —the most spent in US history for a run 4 guv.


33 posted on 11/17/2011 3:23:33 PM PST by gaijin
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To: Kaslin
from Doug Ross journal

You may know the gutsy, anti-Jihad crusader Ann Barnhardt from her use of bacon bookmarks or her shocking exposé of Islamist misogyny. But Barnhardt was also, until a day ago, a principal of Barnhardt Capital Management, a commodity brokerage that specialized in cattle and grain.

34 posted on 11/17/2011 3:30:35 PM PST by opentalk
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To: Kaslin
from Doug Ross journal

You may know the gutsy, anti-Jihad crusader Ann Barnhardt from her use of bacon bookmarks or her shocking exposé of Islamist misogyny. But Barnhardt was also, until a day ago, a principal of Barnhardt Capital Management, a commodity brokerage that specialized in cattle and grain.

35 posted on 11/17/2011 3:32:58 PM PST by opentalk
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To: Kaslin
We should all take comfort in her final words:

As for me, I can only echo the words of David: “This is the Lord’s doing; and it is wonderful in our eyes.”

36 posted on 11/17/2011 4:00:06 PM PST by DallasDeb (usafa06mom)
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To: gaijin

Does anyone believe for one minute that Jon Corzine will spend one day in jail for stealing millions from his investors? Of course not . . . he’s a Democrat! Democrats are above the law.


37 posted on 11/17/2011 6:26:22 PM PST by MasterGunner01 (To err is human; to forgive is not our policy. -- SEAL Team SIX)
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To: gaijin

And the story won’t end there. He’s probably fighting off job offers already.


38 posted on 11/18/2011 6:32:09 AM PST by BinaryBoy (Stuck with a local RINO? Regardless of who you vote for, donate $$$ to a different district.)
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