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Posted on 01/08/2012 6:02:04 AM PST by jimbo123
It’s been a long while now since that frightful Halloween when MF Global filed the eighth-largest bankruptcy in the history of the United States. Too long a time if you are an MF customer and can’t get access or answers to what happen to your money.
Certain individuals at MF Global breached the sacrosanctity of segregated customer accounts to cover for liquidity shortfalls induced from extremely leveraged bets gone extremely bad, reportedly made by CEO Jon Corzine and his confidants.
Which brings us to a primary point in the MF Global debacle: Exactly where were Jon Corzine’s millions held while his firm was leveraging up 40-to-1? And for that matter, where were his lieutenants’ funds held? Unfortunately, those answers are not forthcoming from any of the parties.
(Excerpt) Read more at nypost.com ...
Anyone else recall the constant coverage the Enron scandal got from the MSM? What a difference the guy in the WH makes....
Madoff is in jail and Corzine is free. If by chance we get the opportunity to jail any of these criminals Obama will pardon them in the end for thier service to his regime.
Obama: Corzine is “our Wall Steet guy”.
Any mention of Corzine being a democrat or have a connection to Obama in the article?
No wonder OWS haven’t occupied Corzine’s house or the White House. Useful idiots.
As long we have Obama/Holder in the White House (and the Crony Capitalism) Corzine is NEVER gonna see a trail or jail cell over the MF Global incident.
I was surprised he was even answering questions in front of Congress.
I can’t find the link, but somewhere was a pair of commentators at Zero-Hedge (Dr. Doom group) who were discussing the MF Global and Euro situation. It was a good one-hour talk.
Funny how no one is the LSM is asking about the unexplained trades that Corzine’s firm made with George Soros and Goldman Sachs in the days leading up to the bankruptcy filing.
It was relentless.
Corzine probably had his wealth in accounts at other brokerages and banks. He was, after all, worth several hundred million—why would he move it all, or even any of it, to MF Global?
Ann Barnhardt...without teleprompter. Best 40 minutes (and scariest) you’ll spend:
http://www.youtube.com/watch?feature=player_embedded&v=hGl3QPfB084
Then, watch “Why No Brokerage Account Is Safe”:
http://www.youtube.com/watch?v=GMI6JYX2e0Q&feature=relmfu
THEN, get your money OUT and take some TUMS.
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