The primary dealer angle needs a lot more scrutiny.
Corzine is of course a skunk, but what’s up with the reporting in this story. First it talks about Oct 25 of “last year” then it talks about “second quarter of 2012.” Written in a time warp.
But we get the point....
-——to see if the Fed could help find a buyer for MF Global;-——
This was an act of panic. Corzine was flailing around in the deep end of the pool grasping for anything to keep him afloat. Desperate drowning men steal from their customers.
All the lies aside, that is exactly what the MF’ers did.
This story is going to get much bigger, don’t know why it’s getting comparatively little attention now. Uncle Sam has been shot in the neck here, and Congress is pussyfooting around like they’ve never seen a neck with a bullet hole in it. Well, I guess they haven’t.
99.9% fatality rate and a .1% chance of a miracle.
Hussein vowed to raise $1B to campaign for his regime; MF Global mysteriously "missing" $1.2B; coincidence? I think not!
Anybody watching the hearing live? Corzine goes between being terrified (lying, I think) and arrogant. His voice goes back and forth between shaky and condescending.
It infuriates me that Democrats are permitted to get away with telling huge lies that wouldn’t fool a dull child.