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1. Yes, I saw that Corzine was "charged" by the CFTC. This is essentially meaningless. First, it is a purely civil action. These oligarch psychopaths LAUGH at the whole "civil action" paradigm. Second, the $100 million fine that the CFTC is going after comes NOT from Corzine, but from whatever is left of the MF Global Holdings estate, IF there is anything left at all. Not one red cent would come from Corzine, who was worth at least $600 million at the time of the collapse in the fall of 2011. Third, even if Corzine gets the dreaded "registration ban"...

Federal regulators are suing Jon Corzine, accusing the former New Jersey governor and U.S. senator of misusing customers’ money while he was CEO of brokerage firm MF Global. … June 27, 2013: The CFTC files a civil lawsuit against Corzine, seeking unspecified penalties and a ban on trading in the futures market; MF Global agreed to pay a $100 million penalty as part of a settlement. …

NEW YORK (Reuters) - A bankruptcy judge on Tuesday rejected a bid by former MF Global customers to depose the collapsed brokerage's former chief, Jon Corzine. In a written ruling in U.S. Bankruptcy Court in Manhattan, Judge Martin Glenn said the Commodity Customer Coalition, which had sought permission to question Corzine and other former MF Global insiders, lacked standing because it is not a direct creditor in the case. [use link for rest of article.] The coalition, a grassroots group led by Chicago-based commodities trader James Koutoulas, bills itself as representing the interests of thousands of traders whose accounts at...

In 2009, President Barack Obama said he didn't run for office to help out "fat cat bankers," but it appears that he has no problem with fat cat bankers --- or the fat cat law firms who represent them --- helping him. Monday night, Obama will attend a private fundraiser hosted by Dwight Bush, president of Urban Trust Bank, and his wife Antoinette, a partner at the international law firm Skadden, Arps, Slate, Meagher, and Flom. Skadden is the law firm hired to handle the bankruptcy of MF Global, the large Wall Street firm headed by Jon Corzine, former governor...

Bankrupt brokerage firm MF Global, which is missing some $600 million in customer funds, recently discovered that about $659 million of its customer segregated accounts resided in an account at banking heavyweight JPMorgan Chase (JPM: 33.78, -0.60, -1.73%), according to The Wall Street Journal. However, it’s unclear whether the money MF Global found out was at JPMorgan is directly tied to the customer funds that regulators have been searching for since the New York-based company filed for bankruptcy on Monday, the Journal reported on its website. For its part, JPMorgan plans to say this “isn’t the missing money,” a source...

Call it the mother of all margin calls: Up to 50,000 former customers of bankrupt broker MF Global must find some $1 billion in additional collateral almost overnight, or be forced out of their trades. Come Friday, with the mass transfer of commodity trading accounts from Jon Corzine's fallen firm to six of its erstwhile rivals, margin clerks will be wrapping up a reckoning of how much additional money is needed to cover millions of positions. Clients who can't quickly meet their margin will have to liquidate, making for a tumultuous day's trade. A court order to move the trades...

Real Clear Politics does not believe there are enough votes out there for Corzine to pull it out. It appears the Republicans will turn this very blue state red. 8:47 pm central - It is looking more and more like Chris Christie will win this race. He is up 12 points with 63 percent of the precincts reporting.

New evidence that Corzine is in trouble, so he calls on, Barack Obama, Bill Clinton and Just for Men...

New Jersey Gov. Jon Corzine, a Democrat, is trailing GOP front-runner former Republican U.S. Attorney Chris Christie in two polls out today. According to a Quinnipiac University poll, Corzine is trailing Christie, 45%-38% in a head to head match-up. While Corzine ties at 41% with Steve Lonegan, former mayor of Bogota, N.J. (pop. 8,200). Further, voters disapprove of Corzine 54%-37%–the highest disapproval ever recorded for a Garden State governor. A Strategic Vision poll similarly registered a 54%-36% disapproval rating for the governor. Corzine also trails Christie in a head to head match-up, 47%-36%, although the governor leads Lonegon, 44%-39%. The...

The governor never tires of telling us that he grew up on a farm. Gee, who'da thunk it? Well, me for one. Over the course of these "town meetings" on his multibillion-dollar toll-and- spend scheme, our governor has undergone a personality change. The first few sessions featured docile crowds that were willing to sit back and absorb the wisdom of a Wall Street whiz who spoke with great authority on matters of high finance. But once the crowds wised up, Gov. Jon Corzine started to look like the bumbler he was when he first entered politics eight years ago. The...

Before he was pushed out as CEO of Goldman Sachs, Jon Corzine had never lost at anything, and his unassuming mien masks a deep hunger for redemption. The Senate isn’t enough. Now his road leads ever deeper through the swamp of New Jersey politics. On a beautiful friday evening recently, Senator Jon Corzine, the former head of Goldman Sachs, a man worth some $300 million, was sitting in his silver SUV on Route 1, somewhere deep in the wilds of central New Jersey. Without a GPS or a visible road sign, it was difficult to tell exactly where he was,...

President George W. Bush traveled April 5 to Parkersburg, West Virginia to visit the so-called Social Security Trust Fund: a filing cabinet filled with paper. "There is no trust fund — just IOUs," backed by no economic assets whatsoever, Bush noted. Senator Jon Corzine (D., N.J.) called the president's remarks misleading. In a conference call with journalists, Corzine said: "U.S. Treasury securities have the ability to be paid under any circumstances based on the ability of the government to print money." While Corzine's press secretary denies this comment was a concrete proposal, at this writing, the senator proudly highlights this...

Sen. Jon Corzine, D-N.J., compared Vice President Dick Cheney last week to Saddam Hussein in the latest example of Democrats ratcheting up the ugly rhetoric in Capitol Hill's war of words on Social Security reform. "Trusting Dick Cheney to protect Social Security is like trusting the fox to guard the hen house," Corzine said in a conference call to reporters. Then, according to the Associated Press, Corzine compared Cheney's appearances on the road to "sending Saddam Hussein to campaign for democracy in Iraq." Corzine's attack drew a heated response from Republican National Committee Chairman Ken Mehlman: "Comparing the vice president...