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MF Global Clients May Lose in $700 Million Bankruptcy Fight (RAT Corzine not behind bars yet)

Posted on 01/26/2012 2:14:00 AM PST by Libloather

Link only - MF Global Clients May Lose in $700 Million Bankruptcy Fight

TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: bankruptcy; corzine; global; mf
I wonder what's taking so long.
1 posted on 01/26/2012 2:14:06 AM PST by Libloather
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To: Libloather
"I wonder what's taking so long."

If you are waiting on Corzine to be arrested you won't get your wish.
He has way too much dirt on others that will prevent his arrest.
I hope I am wrong. . . . . .

2 posted on 01/26/2012 2:31:20 AM PST by DeaconRed (Cold War Veteran. . . . US Army Security Agency 1964-1968)
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To: Voter#537

I’m inclined to agree with Ann Barnhardt. This was not only a rape, but a test run for public consumption. If it can be gotten away with (and it’s heading in that direction), where will this sort of thing occur next, and when?

3 posted on 01/26/2012 2:36:56 AM PST by sayuncledave (et Verbum caro factum est (And the Word was made flesh))
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To: Voter#537

Donthca know that Progressives are superior people?

4 posted on 01/26/2012 2:38:12 AM PST by ripley
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To: All

Bradley I. Abelow--- CORZINE'S G/S BUDDY--the same man who oversaw MF Global’s $1.2 billion in missing funds---- is also currently listed on the US Environmental Protection Agency’s website as the current chairman of the EPA’s Financial Advisory Board.....but Abelow did not advise Congress of his position.

PARTNERS IN CRIME Then-Gov Corzine appointed Abelow J state treasurer and was also Corzine’s chief of staff....the two con men had conntrol of all NJ tax assets.

They both went to run MF Global alomg with Chris Flowers who handled Corzine's "blind trust." Interestingly, current EPA Administrator Lisa Smith also previously served as Gov. Corzine’s chief of staff. Whether the Corzine connection played any role in Abelow’s appointment to the chairmanship of the EPA’s Financial Advisory Board is as yet unclear.

Abelow, who as recently as July 2011 appears to have donated $30,800 in campaign donations to the Democratic National Committee and $5,000 in June to President Barack Obama, said over a dozen times during congressional hearings that he didn’t know how MF Global customers’ funds disappeared under his watch. Read more at ...


CONGRESS SHOULD BE ALL OVER THIS Abelow and Corzine misled Congress on several points:

1. When Congress asked Abelow about "previously working with Corzine," close-mouthed Abelow reluctantly mentioned being Gov Corzine's COS. Abelow MADE NO MENTION of Corzine appointing him to head NJ's Dept of the Treasury---where the two con artists controlled ALL of NJ's tax assets.

2. Abelow and Corzine SHOULD have been pressed about their formation of an investment company while they were principals of NJ govt and controlled its assets. The two "financial geniuses" later said they did not know investment companies run by govt principals are illegal.

3. Congress needs to know why Abelow is witholding crucial info. What does he have to hide? Abelow 's financial activities at EPA need top to bottom investigations.

5 posted on 01/26/2012 3:00:40 AM PST by Liz
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To: All

<><> Corzine is a well-rounded operator. As Governor, he left the state of NJ $8 billion in debt. $8 billion went missing from one state agency....other agencies like UI and the Transporation Trust Fund went bankrupt with no explanation why. The $82 Billion state pension fund lost about 25%.

<><> OBAMA-CORZINE CONNECTION Right before Corzio’s reelection, Obama sent $17.5 Billion stimulus to NJ-—which promptly vanished. VP Biden is on record as having asked Corzine for financial advice----Biden has a son and a brother involved with the Stanford offshore fraud (Stanford is in jail.)

<><> MF Global principal Brad Abelow was Corzine’s appointee as NJ Treasury Secy——controlling ALL NJ assets. Gov and Secy started an investment business——but the two “financial geniuses” said did not know this was illegal.

<><> MF Global principal Chris Flowers handled Sen/Gov Corzine’s “blind assets” ......Flowers led the taskeover of a Japanerse bank for Corzine——Sen Corzine passed a bill giving the bank a US tax break......said he did not know the bill benefitted him.

<><><><> All three of the above-named MF Global principals are G/S cronies.

<><> Corzine registered three corporations in super-secret financial haven——Delaware——BEFORE taking office.


<><> Ponzi king Bernie Madoff made a generous contribution to Corzine’s gubernatorial campaign.

<><> When he went to jail, investigators found Madoff had stashed billions offshore---into a labyrinth of financial entities. Some $8.9 billion was funnelled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America, ......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances. But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny and generate more fees.

<><><><> Then-Gov Corzine made several highly suspicious trips to Israel when he had no political reason to be there. Israel is the only place in the world where you can take a suitcase full of money to a bank-— and nobody asks where it came from. Isreal also has many businesses in NJ funded with grants from NJ state tax coffers-----as well as a NJ-based Israeli Chamber of Commerce.

All of these entities need rigorous investigation.

6 posted on 01/26/2012 3:23:25 AM PST by Liz
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To: Libloather

“It’s important that we all play by the same rules”.

Didn’t I hear something like that last night (at the SOU)?

7 posted on 01/26/2012 3:43:31 AM PST by Attention Surplus Disorder (The only economic certainty: When it all blows up, Krugman will say we didn't spend enough.)
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To: sayuncledave

Greetings sayuncledave:

Ann Barnhardt’s assessment that we’re living under a lawless, Marxist-oligarchy is spot on. If what you have is in paper, be it contracts, deposits, stocks, bonds, etc; it’s becoming worthless. If your holdings are not heavily invested in the four precious metals, things could get real ugly.

Now 0bama is looting the federal employee pension funds. Where’s the outrage?

Quite afraid this Cloward and Piven bubble is designed to burst before the November election.


8 posted on 01/26/2012 4:47:12 AM PST by OneLoyalAmerican (In God I trust, all others provide citations.)
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To: Liz

Wow. Thanks. Maybe this is part of the swamp Pelosi knew about.

9 posted on 01/26/2012 4:08:49 PM PST by Libloather (The epitome of civility.)
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