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Bruce, you are a Swiss citizen ... If you want to run for President, are you ready for the birth certificate controversy?
Do you have a photoshopped fake birth certificate like the Obama White House put out ... the one so fake that even an anti-tinfoil sceptic like Karl Denninger wound up patiently explaining how it was fake beyond any possibility of redemption ... and the White House has no reply?
Would you support going back to the American Articles of Confederation of 1783, returning the American States to a government more like Switzerland?
Many American 'Liberty Movement' people support a return to the 1783 Confederation Articles ... even in 1789 there were critics who predicted that the US Constitution would lead to tyranny and fascism, excercised through a cabal of dishonest federal judges, exactly like America has become.
Would you help make it easier for those poor MF-Global-and-other-fraud-burdened Americans to get a Swiss bank account again, as easy as it was a few years back?
Would you accept a No. 2 spot on the ticket with Ron Paul?
I have two passports. Swiss and US. I was born here. So I'm eligible.
As of this AM no one has called me....
I'm joking about this, but I would work for R Paul for a dollar a year if he made it to the WH.
Why in the world would ANYONE trust banking, accounting, investing, or money guys in general anymore?
Why in the world are people that do these kind of thing, or participate in them, or enable or facilitate the transactions NOT IN JAIL? OR DEAD???
It's the 1%, they have no other game. Their entire being is wrapped up in the scam.
Kind of like tossing money at a stripped in hopes that you will score.
But, really, when it's ALL fake how can we claim some sort of moral ground on any of it? The music stopped and there aren't any chairs, yet, people still pretend that there ARE chairs. Mother Nature and gravity are going to drag people back down to earth.
Been visiting the ag boards and it seems a fair amount had accounts therre. Several are now in jeopardy of losing property or even securing loans to plant. All by design folks, I fear the CBs are going to score a ton of prime farmland over this deal.
The plan is to NOT plant those fields. The elite needs to starve off a few dozen million of us CO2 exhalers.
Soros's fund is buying grain elevators and other ag enterprises.
Check it out and google it for more info.
I'd warned about an attack via ethanol. Trouble making that one happen (I spent lots of time educating folks).
Wow. That's seriously cynical, dude.
And probably true.
It's all about the commodities and real estate for the bankers, no matter what they say publicly. Meanwhile, the sheeple concentrate on fiat, DWTS, ESPN, flar screen tv's and the latest Apple product all while losing freedom's on a daily basis. The majority won't realize what happened to them until the door is shut and locked.
Interesting that independent ag is being hit from different sides at the same time. MF Global steals their money. The EPA wants to regulate their operations. The labor department wants to regulate what chores the kids can do for money through their call for more stringent child labor laws. Another department (transportation?) is floating the idea that operating a tractor should require a commercial driver's license especially if the tractor is driven on a public road or on the shoulder of a public road going from field to field. The Food Safety Modernization Act is proving to be a nightmare. (Health inspectors showed up where volunteers were serving home-prepared food to firefighters during the Texas wildfires and shut down the free food in favor of commercial operations.)
And then there is Farmageddon.
This just calls for a complete sweep out of the current governence when this stuff hapens. No common sense and no way is this representative government. Never thought I would see this kind of stuff in my lifetime.
And did you see the Jon Stewart video (linked by GW I beileve) where it shows Rand Paul saying that anyone with over 7 days of food might be considered a terrorist... Yeah, ag is under serious attack.
For him to be convicted there needs to be willful intent. That's why he was so careful as to say that he "did not intend to do anything wrong".
He had a choice: admit he was totally incompetent, or admit he broke the law. We saw which one he chose.
Nothing a 50' length of rope couldn't cure...
Yes and No. In English Common Law, there are five elements of Fraud. The most difficult to prove in court, as you suggest, is intent. Corzine had a fiduciary responsibility to his customers, to be competent, careful, and protective of their interests. That means recklessness or careless disregard with client money should be enough to hang him.
That, in broad outline, is the law. As to WTF will happen, your guess is as good as mine.
The "willful intent" defense reminds me of something I once heard at a George Carlin concert:
"A man in Ohio today killed his wife, his mother, his mother-in-law, his father-in-law, his next door neighbor, a gas station attendant, a tow truck driver and a meter maid. He said he was just cleaning his gun when it accidentally went off"
Thanks for the information about the reversal of the wire transfer, Bruce. Frightening how little our regulators understand about how financial institutions are funding themselves. This will all come out, and there is no way that no one knew a thing! Thanks for adding to the clues.
A friend is a CPA and a forensic (Certified Fraud Examiner) and says the first transfer out is easy to track. Afther that, not so easy. The money could sluice all around the world and even Uncle Sam can't track it easily, if at all.
Bruce's theory makes sense. Transfer out, then back in but not into client accounts, then poof, it disappears.
As for "I never intended to break any rules,” my friend says, "It's better to be seen as dumb than culpable."
True true, once the funds get commingled you can track the source into the omnibus account but funds going out of the account is another matter
$1.2 billion in Silver and Gold naked shorts went poof. That's where the money went. Those poor chaps with all their digital Gold and Silver contracts never even got the chance to burn them for their 12.44 BTU heat content.
After all that has happened I cannot feel sympathy for those that are still playing in front of the locomotive with paper PMs.
They had sufficient warning, they continued to play in the rigged casino, and they lost.
Bruce, how many people have seen you, a middle age white guy, tagging a wall with a $1 can of paint and a $1000 camera? I imagine the looks those people give you are golden. How about taking a shot next time it happens and posting that with the tag!?
This money was not lost in the last days of MFG but over a longer period of time making it nearly impossible to figure out in my opinion. I think the answer lies though with the Italian debt purchases. No one was dumb enough to be buying this sovereign debt except for Jon Corzine and MFG? My question today would have been why were you buying this debt. Something just does not smell right. Now today I see that Soros bought this debt from him as MFG collapsed. That is not a coincidence.
Somebody find out if Tony Rezko had an MFG account. Check the Solyndra checking accounts. Take every skunk within 5 layers of Barry Soetero and you will eventually find the money. My favorite theory: a hit job by the Excrement Pile Known as the Bernank otherwise JPM & HSBC go under with not enough gold and silver for DEC delivery to COMEX.
"So Jon talked, but he said nothing."
Well, yeah. He's a politician and Goldman ex.
It was kinda like...I don't know teacher...I think my dog ate the half billion so go talk to him. I claim complete ignorance on the eating habits of my dog...lol.
Correct me if I'm mistaken here nmewn, but I didn't hear Corzine deny anything. To me this is THE tell tale of a well lawyered individual concerned with getting caught up at the bar.
Corzine shoulda just done the smart thing and parlayed his bucket of chum into a lobbyist gig and made another bundle on the expert network/diversified insider [trading] racket. Instead he let his ego slam the sliding patio door on his cock. I'm sure he's singing some..
"To me this is THE tell tale of a well lawyered individual concerned with getting caught up at the bar."
Thats the way I see it too. As much as I despise the guy (and despite my piling on) I would have done the same thing. The honorable as well as the dishonorable knows (or should know) in one of those dog & pony shows you either say nothing or talk in circles.
The biggest thing to come out of it was the headline "I don't know where the money is." Which points to his competency and his fiduciary duty to know where his clients money is.
"And you could have it all, my empire of dirt.
I will let you down. I will make you hurt."
Nice selection old friend ;-)
This story gets more interesting.
Unfortunately, your friend was small potatoes. You had to be a billionaire to get all of your money out of MFG
But perhaps the most stunning piece of news we're getting in the wake of the MF Global collapse is in the clients of the firm who managed to get away scot-free, with no freezing of accounts or capital -- particularly the accounts of the mega-cap independent oil company Koch Industries, run by the politically active Koch brothers.
A recent report in Reuters has described the billions of dollars of client accounts that were withdrawn from MF Global in the last few weeks before their collapse, including 8 accounts from Koch industries engaged in oil trade that were transferred to Mizuho Securities after years of a steady and profitable relationship with MF. The Reuters piece concentrates on the possibilities of legal "clawback" of client money if the bankruptcy does not allow remaining client accounts to be made whole.
The Reuters piece misses the point.
Both the Commodity Futures Trading Commission and the Chicago Mercantile Exchange were charged with overseeing MF Global, their clearing member. If we are to believe them, they had no idea of any difficulties within the firm before customer accounts went missing just a few days before the collapse. But someone clearly knew of the cratering positions and imminent collapse of MF Global, as billions of dollars of accounts were "coincidentally" withdrawn. And what do the Koch brothers say was the reason for these withdrawals? There's been no comment.
Doesn't this implicate Corzine as the pivot man in a Koch sucking ring?
Or a soros circle jerk?
Just hit edit. I watch drudge/huff/firedog ect...Just to keep up with the hegelian game status.
I've long held that the DNC is nothing more than an organized criminal gang. RNC as well but the difference is that the underlying support DNC wise is criminal to it's core, while with the RNC much of the ground support is made of vastly better stock. Ron Paul isn't associated to the RNC without reason. It is the preferable of two evils. Getting the republican base on board with reality is doable. Not true with the DNC crowd. These people are mostly beyond help.
DNC? Organized Criminal Gang?
You repeat yourself...
Saw that...bob posted that on another thread from Bloomie.
I guess if you get them for pennies on the euro/dollar and they hold it all together till December 2012 it pays off at that interest rate...lol.
And no telling what "sweetners" were added to this particular cocktail of debt to make it more palatable. These fuckers I swear...
So soros bets it will hold till 12/12. He is most likely correct. These monsters are not playing and they still have an eager audiance dependent on them providing further encores. I am geared toward a soon sharp drop in EUR/USD.
soros is not an idiot. He is a very sick and disturbed man. If he expects to profit then it is is only because his inside knowledge is privy to the game.
I don't think the collapse will happen just yet. 110.00 ? Maybe. But obama is all signed up and ready to 'do his thang' for history and all that, so expect 2012 to be balls to the walls, full on fake em before you break em bullshit.
The collapse won't likely happen until 2013-2015.
And speaking of that crusty old S.O.B. ..
"Investor George Soros's family fund bought about $2 billion of European bonds formerly owned by MF Global Holdings Ltd.,"
I wonder what dirt was behind THAT deal.
I wonder what dirt was behind THAT deal.
"I never intended to break any rules.”
And Geithner never intended to be too stupid to use Turbo-Tax.
Ignorance of the law is no excuse..
Except if you are lying, low life, miserable member of the power elite.
Corzine smiled through his testimony.
A smile hides a lie much better than a frown.
And it gets even better.. in testimony to Congress:
"Lying,' Holder Says, 'Has to Do With Your State of Mind"...
"whether or not you had the requisite intent to come up with something that would be considered perjury or a lie," Holder said."
This “intent” thing can be pretty handy if you are a power elite crook and/or the Attorney General of the United States, or even a President of the United States who does not intend an incriminating meaning of the word "is".
Good on you, but be careful. I expect at least 3 "suicides" over this.
I know the tone is hysterical, but what do you think of this?
Those funds are not FDIC insured, so basically one is left to sue JPM directly, maybe a class action?
Either way, there is nothing stopping your 401(k)/MMA/etc. from vanishing overnight, then it's up to little you to do something about it . . .
"If you think that your Wall Street funds are safe, you are kidding yourself. If you think you are safe in bullion, but do not own it and know exactly where it is, you don't have it. You may own a claim to something, and will stand in line and take what you are given like the MF Global customers when your time comes.
What will it take for people to realize that what is happening to 'the other guy' will happen to them too?
Former SEC Chairman Harvey Pitt was just commenting that the rules do not matter if the people running the financial firms do not have basic character and integrity and honesty. Of course it does not work voluntarily. Self-regulation is a joke to sociopaths and psychopaths."
"if you do not have possession of your physical..."
So the depositors pockets were picked as they stood in the queue...As this unravels, and the SLV/GLD paper charade ignites, CME must get caught out. The MFG and JPM scam may have averted the collapse of COMEX this time (see http://silverdoctors.blogspot.com/2011/12/jim-willie-jp-morgan-crashed-m...)..
But with hypothocated leveraged fiat falling out of the sky, how easy do think it will be to actually get your physical now that the SHTF?
HSBC Sues MF Global Brokerage Over $850,000 Worth of Goldhttp://www.businessweek.com/news/2011-12-09/hsbc-sues-mf-global-brokerag...
there's a simple rule in Committee: "never ask a question you don't already know the answer to." Whatever specifics the fact that Senator Corzine...who is a truly amazing man btw..."didn't have time to prepare." Obviously this wasn't true of those asking him "the questions he already knows the answer to" as well. Ahhh, Congressmen. And to think people complain! "How could they not know he was lying???!!!!" was the refrain. Ahhhh. I could have listened to it all day. So let me say again "Jon Corzine truly is an amazing man" because if you think you could have done what he did for more than 5 minutes you're a bigger liar than any man alive.
the fix is in
the fix is in...
His hedge was / is Teneo. The best in the business at greasing the wheels of "justice", all at the bargain basement cost of one's soul. No one associated with this corrupt organization or those requiring their services has any need for their soul anyway.
They're only concern is that everyone else be as bereft of intellectual honesty as they are. imo.
Nice summary, Bruce. I still think this is fraud, pure and simple. They were not booking transactions to the general ledger in the last few days. That alone tells you there was a complete break-down in control, and all the key officers are guilty as hell.
Corzine probably said something simple like "Who will rid me of this meddlesome priest?"
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