Skip to comments.Corzine: 'I don't know where the money is'
Posted on 12/08/2011 6:08:41 AM PST by maggief
NEW YORK (CNNMoney) -- Jon Corzine, the former chief executive officer of the bankrupt broker MF Global, apologized for his firm's failure Thursday and told a House committee that he doesn't know where the missing money went.
"I simply do not know where the money is, or why the accounts have not been reconciled to date," said Corzine, in prepared testimony to the House Agriculture Committee on Thursday.
He also apologized "to all those affected."
"My sadness, of course, pales in comparison to the losses and hardships that customers, employees and investors suffered as a result of MF Global's bankruptcy," he said.
The lengthy testimony is the first full response from Corzine since MF Global's failure in October. He will appear in person before the committee later Thursday.
(Excerpt) Read more at money.cnn.com ...
“I simply do not know where the money is, or why the accounts have not been reconciled to date,”
So, he should also be brought up on charges of criminal negligence.
At this level, you pay a small fine (small relative to your net worth, that is) and go on your way. Just ask the Countrywide guy.
It sounds like he’s employing the Steve Martin defense: “I Forgot!”
Time for forensic accountants to be deployed. Boehner, you had better galvanize on this.
I’m sure a lot of that $$ found its way into Democratic Party coffers.
Oh - that picture is AWESOME!
Put the SOB in solitary confinement for the rest of his natural life, throw Chris Dodd and Barney Fag in with him. Yes, I know there are others that belong there, too, mostly ‘rats, but I don’t have the time to list them.
Dims aren't good at keeping track of other people's money - just frittering it away! Many a few years breaking big rocks into smaller ones will jog his memory.
Hint to the FBI - check offshore.
I believe Goldman Sachs is a threat to US National Security and the Constitution.
Check his freezer......
Does the RAT have a bank account? Start there.
Love me, I'm a Liberal.
Doesn't Clinton have some of it?
This guy is even BETTER than Timothy Geithner, why hasn’t he been the Secretary of the Treasury?
Oh, right, he had a couple of financial orgainizations and a state to run into the ground. That was a fine apprenticeship.
Don Corleone, er, Jon Corzine has been a STAUNCH supporter of the regime all along, shouldn’t he get special consideration and dispensation. After all, it is all about protecting home, family, and turf....
Obama Rallies for New Jersey Governor Corzine
Uploaded by AssociatedPress on Nov 1, 2009
President Barack Obama is campaigning on behalf of New Jersey’s Democratic governor, Jon Corzine, who is in a tough bid for re-election. Corzine is tied in polls with his Republican opponent, Chris Christie. (Nov. 1)
...the MF'er should share the same cell and time with the criminal Blago....
What keeps Blagojevich quiet about all the other shenanigans and corrupt stuff of which he has firsthand knowledge and NAMES?
What will keep Corzine quiet about all the other shenanigans and corrupt stuff of which he has firsthand knowledge and NAMES?
Why do/will they go quietly?
Death threats by the ruling class against them and their families? The usual organized crime "honor"? Even more money? A promise of serving the time in luxury followed by an early release or a pardon when things quiet down?
For that matter.. what and WHO does Sandusky know from that "world"? Will he tell what he knows?
Every two-hundred-year-old republic is entitled to at least one patriot-dictator to clean house coast-to-coast, border-to-border. IMO.
Biden Flashback: Praises Corzine Smartest Guy I Know in Terms of Economy
FannieMae, FreddieMac, Solyndra, AIG, Goldman Sachs, Countrywide, Soros etc etc. The list of Democrat network failures goes on and on. The only people who make money is the Democrat network.
Key up Jimmy Stewart as George Bailey:
“It’s gone! The money’s gone!”
Bears repeating until somebody gets it.
Claim: Clinton Collected $50K Per Month From MF Global
It will be up to the blogosphere, the TEA Party and hopefully FOX News to hang MG Global around Obamah's neck!
And maybe the RNC might think about using MF Global and Corzine to tie Obamah to Wall Street Corruption.
Who is that RNC guy again, I never see or hear him.
I bet he knows where every last dime of his is.
good thing hes not the dumbest guy in terms of economy, or Barry would lose his title.
I can’t remember,
my mind’s in a blender
It’s jello, jello
And key up “Ma-til-da!”
Jon Corzine, he took me money offshore inna free-zer!
Corzine is a terrorist. A financial terrorist.
Waterboard him and maybe then he can remember.
“Jon Corzine, the former chief executive officer of the bankrupt broker MF Global”
And never had any other position before that, right CNN?
Corzine: ‘I don’t know where the money is’
Primary Dealers List
Primary dealers serve as trading counterparties of the New York Fed in its implementation of monetary policy. This role includes the obligations to: (i) participate consistently in open market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open Market Committee (FOMC); and (ii) provide the New York Fed’s trading desk with market information and analysis helpful in the formulation and implementation of monetary policy. Primary dealers are also required to participate in all auctions of U.S. government debt and to make reasonable markets for the New York Fed when it transacts on behalf of its foreign official account-holders.
Oct 31, 2011
MF Global has been deleted from the list of primary dealers, effective October 31, 2011.
Revised Primary Dealers List
Oct 4, 2011
BMO Capital Markets Corp. and Bank of Nova Scotia, New York Agency have been added to the list of primary dealers, effective October 4, 2011.
Revised Primary Dealers List
Feb 2, 2011
MF Global Inc. and SG Americas Securities, LLC have been added to the list of primary dealers, effective February 2, 2011.
Revised Primary Dealers List
I’m sure the IRS will buy this.
it’s in crazy Uncle Biden’s newspaper and then fell into the evil hands of evil banker, Mister Koch.
Did you see Obama’s name mentioned anywhere in CNN’s report?
American Taxpayers: That requires a willing suspension of disbelief.
“said Corzine, in prepared testimony to the House Agriculture Committee on Thursday.”
Maybe I’m slow but why is he talking to the Agriculture Committee?
Or the Bill Clinton defense:
I wonder how much his own personal wealth expanded during his tenure at the firm.
Corzine likely forgot about his deposits in offshore banks.
I am certain Eric Holder will hold him accountable...
I'm curious to hear what knowledgeable Freepers have to say about her statements.