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MF Global Trustee Sues Jon Corzine For Firm's Collapse

Tyler Durden's picture


Just about a year and a half after the bankruptcy filing of MF Global, the first real lawsuit that directly names former MF Global (and Goldman) CEO Jon Corzine and his cronies, has hit the docket with MFG Holdings bankruptcy trustee Louis Freeh as plaintiff. The complaint: breach of fiduciary duty. Of course, when one is a bundler for the president, such trivial concepts as duty to anyone else, be it fiduciary or otherwise, naturally does not exist.

The premise of the suit:

During the period when Defendants were running MF Global, they dramatically changed the Company’s business plan without addressing existing systemic weaknesses that ultimately caused the plan to fail. As part of the new business plan, and in violation of his fiduciary duties to MF Global as the Chief Executive Officer (“CEO”) of Holdings Ltd. and MF Global Inc. (“MFGI”), Defendant Corzine engaged in risky trading strategies that strained the Company’s liquidity and could not be properly monitored by the Company’s inadequate controls and procedures. Defendants Abelow and Steenkamp, Corzine’s hand-picked deputies and the Company’s most senior officers, breached their fiduciary duties by failing to ensure that the Company’s procedures and controls were adequate and could accommodate the Company’s new business plan.

The full details, and the nature of the verb to Corzine (as per Urban Dictionary: verb. to trust your money to a prominent individual and to find it has mysteriously disappeared "Oh no! Look at the financial statement. We have been corzined!"), well-known to all of our readers, are listed in the full suit attached below.

As for the rhetorical question of whether crony capitalist justice will prevail and if Corzine will finally be released from prison, oh wait, sorry, wrong parallel universe, the answer is a resounding no.


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Tue, 04/23/2013 - 09:12 | 3487620 Sylvia Plath
Sylvia Plath's picture

Corzined Bitches!

Tue, 04/23/2013 - 09:18 | 3487657 Burt Gummer
Burt Gummer's picture

Bring out the Rope and Lamp post already for fuck sake.

Tue, 04/23/2013 - 10:05 | 3487911 cifo
cifo's picture

It will probably be thrown out.

Tue, 04/23/2013 - 10:31 | 3488014 Taterboy
Taterboy's picture

I'll 9 out 10 Americans don't even know who he is. The baby mommas are going,"Who tat. He be a democrat. He a good man. Gimme tat."

Tue, 04/23/2013 - 10:45 | 3488055 Divine Wind
Divine Wind's picture



Word !

Tue, 04/23/2013 - 14:32 | 3489479 smlbizman
smlbizman's picture

freeh is an maybe...just maybe...corzine meet bus....

Tue, 04/23/2013 - 09:19 | 3487661 Stackers
Stackers's picture

Lets not forget, US Senator, Governor of New Jersey and adulterer .............. what's the definition for a psychopath again ?

Tue, 04/23/2013 - 09:28 | 3487705 Papasmurf
Papasmurf's picture

Two of those are capitol crimes.

Tue, 04/23/2013 - 09:46 | 3487826 azzhatter
azzhatter's picture

Waterboard Corzine

Tue, 04/23/2013 - 10:06 | 3487905 francis_sawyer
francis_sawyer's picture

Cue up the jew lawyer vultures to all take a whack at the carcass with their beaks...


& from start to finish, not even a stinkin' 'widget' was ever produced, or made anyone's lives any better...

Well... Unless, of course, you're a vulture...

Tue, 04/23/2013 - 10:10 | 3487935 greased up deaf guy
greased up deaf guy's picture

stackers, don't forget to add ceo of goldman to his resume. any psycho/sociopath worth his salt would be especially proud of that distinction.

Tue, 04/23/2013 - 13:13 | 3488849 NotApplicable
NotApplicable's picture

Ooooh failed his "fiduciary duty." That vagueness will be easy to white-wash. Especially since they've had a year and a half to hide all of the bodies.

Tue, 04/23/2013 - 10:46 | 3488057 Divine Wind
Divine Wind's picture



Good Ol' Jew Hatin Frank !

Tue, 04/23/2013 - 11:51 | 3488389 francis_sawyer
francis_sawyer's picture

So ~ 'Divine Wind' is what comes out of an ostrich ass whose head is buried in the sand...


Who knew?

While your at it... Why don't you compile us all a list of the beneficiaries & casualties of the whole ordeal... As well as a summary of the greater good any of it produced for mankind...

My reply is ZERO [in terms of benefits to mankind]

My reply is, as always, ASYMMETRIC [with regards to the beneficiaries who received monetary compensation vs. the victims that got screwed]...

<crickets> coming in 5...4...3...2...

Tue, 04/23/2013 - 12:49 | 3488730 Political_Savage
Political_Savage's picture

Agreed - Asymmetric.

But is that because of Jewish design? Lost me there.

Trying to figure out where the Jews fit in here... Corzine is protestant


Tue, 04/23/2013 - 14:54 | 3489471 francis_sawyer
francis_sawyer's picture

@Political... "But is that because of Jewish design? Lost me there. Trying to figure out where the Jews fit in here... Corzine is protestant"


The ASYMMETRY [of which I speak of relentlessly], is whereby, in a world where the 'economy' [blood] flows is based on FIAT currencies [the US Dollar being the so-called 'reserve' currency]... Jews, [whether they play an active role in manipulation, OR, ar just poor saps like everyone else, but have hustled themselves into every profession (banking, MSM, political activism, jurisprudence, MIC) that benefits from a bloated 'fractional reserve system' (that SKIMS cream off of otherwise PRODUCTIVE work], benefit ASYMMETRICALLY versus their population demographic in the world body...

I'd have ZERO argument whatsoever if I believed that these ZERO PRODUCTION models were to the benefit of mankind, but who, HERE, can make a sound argument that having one more:

- banker

- lawyer

- judge

- AIPAC lobbyist

- drone or bomb producing industry

- or, Hollywood shithead

is doing humanity any favors?


The place to REALLY look for answers is the media [because it is the 'opiate' of the masses]... If the media were doing a good job of presenting honest & objective journalism, then the 'programming' would be different... Instead... The 'programming' is, ALWAYS, skewed towards IGNORING the blatant injustices [& who, asymmetrically, is behind them], or, WORSE, going overboard to give the asymmetric perpetrators a free pass...

So basically ~ Your future will continue to be one of:

- false flag terrorism

- raping & pillaging by banks

- erosion of freedoms

- more 'Holocaust' movies, BAD 'MUZZIE' whipping boy-isms, & suppression of FREE SPEECH

Until you wake up one day and finally decide you've had enough... I hope that answers your question...


Tue, 04/23/2013 - 09:52 | 3487853 FrankDrakman
FrankDrakman's picture

Thousands may not get your subtle humour, but I appreciated it.

Of course, only the King's wife is executed for adultery.

Tue, 04/23/2013 - 09:41 | 3487792 mrdenis
mrdenis's picture

is that the same "honorable " Jon Corzine ......who swore " I just don't know where the money is" ? 

Tue, 04/23/2013 - 09:45 | 3487817 ATM
ATM's picture

He may not know where the money is but he sure as hell should know where the rope goes.

Tue, 04/23/2013 - 09:45 | 3487819 Ancona
Ancona's picture

Your Honor, I would like to exercise my rights as guaranteed under the Fifth Amendment.....

Tue, 04/23/2013 - 10:02 | 3487899 astoriajoe
astoriajoe's picture

I plead the FIF!

Tue, 04/23/2013 - 10:33 | 3488022 Fish Gone Bad
Fish Gone Bad's picture

Corzine has had a few fifths (of whiskey).

Tue, 04/23/2013 - 10:48 | 3488067 tnquake
tnquake's picture

Please take away my 2nd and 4th Amendment, but leave me the 5th!

Tue, 04/23/2013 - 11:34 | 3488297 willien1derland
willien1derland's picture

Sorry mrdenis I thought you indicated Horrible Jon Corzine...

Tue, 04/23/2013 - 11:23 | 3488222 solgundy
solgundy's picture

Get real...this is the Southern District NY Federal court....I assure you Judge Roy Bean is not on the bench.....CASE DISMISSED.....end of story

Tue, 04/23/2013 - 13:16 | 3488870 NotApplicable
NotApplicable's picture

Dissmissed? No, no, no.

Don't worry, the kangaroo will get his day in court. Otherwise they wouldn't have waited this long to bother.

Tue, 04/23/2013 - 09:12 | 3487621 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Open season or just another feel good response, to placate the masses?

Mr. C. is well connected, very wealthy, and more than likely a sociopath. 

He remains teflon incarnate, a Bernie of another flavor.

Tue, 04/23/2013 - 09:15 | 3487640 spastic_colon
spastic_colon's picture

yes and bullish of course.......O/T

Anyone here want to venture a guess as to how understated ES futures are compared to what the equity markets are going to do today?  I say it will be a 1%+  day just because that fag draghi opened his mouth.

Tue, 04/23/2013 - 13:17 | 3488881 NotApplicable
NotApplicable's picture

As soon as you stop using the misnomer "markets" you'll understand everything.

Tue, 04/23/2013 - 09:18 | 3487656 TeamDepends
TeamDepends's picture

He'll need to be kevlar pretty soon.

Tue, 04/23/2013 - 09:22 | 3487682 HulkHogan
HulkHogan's picture

The case will be thrown out and then a new law will be passed so Corzine can never be sued again.

Tue, 04/23/2013 - 11:36 | 3488318 willien1derland
willien1derland's picture

I am certain that Dodd-Frank has some provision to prevent justice

Tue, 04/23/2013 - 09:24 | 3487693 insanelysane
insanelysane's picture

Sealed settlement with no admission of guilt.

Tue, 04/23/2013 - 09:25 | 3487698 Lux Fiat
Lux Fiat's picture

Not a law expert, but have to wonder if this is another attempt to trump/block/stall other potential lawsuits from non-government sanctioned entities, drag it out, and then do a horrible job in the courtroom so that Corzine walks, and others are "dissuaded" from bringing suit.  The SEC comes to mind.

Tue, 04/23/2013 - 09:31 | 3487738 Bastiat
Bastiat's picture

Plus 1 for my first dose of reality therapy for the day.

Tue, 04/23/2013 - 09:42 | 3487795 XitSam
XitSam's picture

Yeah. I'm wondering about this civil suit instead of criminal.

Tue, 04/23/2013 - 11:58 | 3488256 Lux Fiat
Lux Fiat's picture

Yep, another rug-sweeping operation designed to play the "Look, we're doing something about it" card to the masses.

Started reading the suit and got to this statement that stopped me dead in my tracks:  "During the last week of its operations, the lack of control over cash and cash movements led the Company to lose track of fund transfers and to incur a substantialcustomer fund shortfall."  This after lots of talk about failing to beef up financial controls.  Talk about trying to sanitize the past and turn deliberate misappropriation of assets [I believe it is called theft and fraud and a host of other criminal terms] into an unfortunate lack of oversight...Sickening.

Edit:  Forgot to include this other lovely from page 6 of the suit.  Is this the "keep your trap shut and you won't be criminally prosecuted" pledge to the potential witnesses who could testify in a criminal case? [*cough - Edith "per JC's orders" O'Brien - *cough]:  "Because of the Company’s deficient systems, members of the Company’s Treasury Department were not aware at the time that they were using customer funds." 

Tue, 04/23/2013 - 13:18 | 3488913 NotApplicable
NotApplicable's picture

As Freeh stated recently, NOBODY could tell. So, at worst, he'll get a slap on the wrist for failing to safeguard the accounts. Maybe Celente (et al.) will end up with a new Spiderman towel or something as a settlement?

Tue, 04/23/2013 - 14:32 | 3489480 Lux Fiat
Lux Fiat's picture

They get a coupon for their first 25 trades free at Sentinel or Peregrine...oh wait...

Tue, 04/23/2013 - 09:15 | 3487625 firstdivision
firstdivision's picture

Hey Corzine, sucks to be you!


USD up, commodities up, equities up, TSYs up......looking like it's going to be "one of those days".

Tue, 04/23/2013 - 09:18 | 3487662 Dr. Engali
Dr. Engali's picture

Why does it suck to be him? He walked away with 1.2 billion dollars and nothing happened. This will drag out until the fucker is dead.

Tue, 04/23/2013 - 09:42 | 3487810 TeamDepends
TeamDepends's picture

Yes, but he will be looking over his shoulder until that point.

Tue, 04/23/2013 - 10:44 | 3488053 localsavage
localsavage's picture

You would think but so far only Madoff's kid has been "suicided"

Tue, 04/23/2013 - 13:20 | 3488931 NotApplicable
NotApplicable's picture

Only to make sure his tanning oil is evenly distributed.

Tue, 04/23/2013 - 09:13 | 3487626 greased up deaf guy
greased up deaf guy's picture

if you can't jail him, sue him?

Tue, 04/23/2013 - 09:29 | 3487719 Papasmurf
Papasmurf's picture

He's not to big to jail.  His investors are up to that task.

Tue, 04/23/2013 - 10:36 | 3488032 Fish Gone Bad
Fish Gone Bad's picture

His investors are up to prostituting him, one ass rape at a time.

Tue, 04/23/2013 - 09:14 | 3487633 krispkritter
krispkritter's picture

Well the smell of brimstone's still apparent, but it sure is cooling off in here...

Tue, 04/23/2013 - 09:14 | 3487635 Jim B
Jim B's picture

Where the perp walk?  Must be in the other universe.... 

Tue, 04/23/2013 - 09:15 | 3487644 fonzannoon
fonzannoon's picture

"...Way back in the transition period, before we were sworn in, when Barack Obama and I were literally sitting at a desk in a high rise in Chicago, beginning the plan on how we would try to get this economy out of a ditch, literally, the first guy I called was Jon Corzine. It's not a joke. It's not a joke. First of all, he's the smartest guy I know in terms of the economy and on finance, and I really mean that."

Joe B

Tue, 04/23/2013 - 09:18 | 3487665 Temporalist
Temporalist's picture

Everyone is the smartest guy Joe B knows because he's the stupidest man on the planet.

Tue, 04/23/2013 - 09:23 | 3487696 Ralph Spoilsport
Ralph Spoilsport's picture

But he's one of the smarter people from Delaware.

Tue, 04/23/2013 - 09:34 | 3487764 NoDebt
NoDebt's picture

No, he isn't.  He's one of the most ruthless.  There is a difference.  Everyone in DE knows Uncle Joe (well, everyone in Wilmington because he doesn't go down into "slower lower Delaware" below the C&D canal very much). 

Guys, Uncle Joe RENTS his guest house to the Secret Service.  He doesn't just let them use it.  He RENTS it to them at full market value.  To the guys who have sworn to protect him up through and including with their lives.  This should tell you something about the man.  If it doesn't, please take note of his charitable contributions, which are almost non-existant and comprised mostly of giving away his old socks and underwear, also at market value.

A real class act.

Tue, 04/23/2013 - 09:48 | 3487836 Confused
Confused's picture

Sounds like a typical high level public servant.

Charging those guys? Haha, they are surely not footing the bill. The government (ie you and me indirectly) is paying their rent.

Not surprised.

Tue, 04/23/2013 - 09:47 | 3487837 Ralph Spoilsport
Ralph Spoilsport's picture

I grew up in Wilmington during the 1955 - 1970 time frame so I felt qualified to make the comment. I even remember going here for ice cream:

Now living below the canal in MD and nobody wants the asshole coming anywhere near the Eastern Shore either.

Tue, 04/23/2013 - 09:54 | 3487867 Sivad UK
Sivad UK's picture

I'm no fan of Biden but you beg the question. Why the hell should he have to give up the rent money on the guest house to house the secret service.? They are sworn to protect the Vice President of the US - not Joe Biden. You've written this before and I questioned it then (in my head).

If he lived in a 3br semi with a mother in law suite should granny Biden have to move in with Joe Jr in order to provide the Secret Service with housing? Seriously...

I hate the Bozos in the white house as much as the next rational thinker, however you make us all look silly getting your boxers knotted up about what Biden does with his guest house. It probably save the secret service $$$ to be situated on property rather than having to shuttle shifts back and forth from the local Holiday Inn. There is no reason anyone should expect the Vice President (whomever it is) to pay for the housing of his (required) security detail. There is also no reason Old Joe should be expected to just because he's lucky enough to have himself a flashy guesthouse.

It's thinking like that that justifies the capital grabs that come out of Washington all the time.

It's his damn house and he can do what he likes with it. If the Secret Service want to rent it out that's their business. Joe has the right to ask whatever rent he likes and they have the right to let it go to Kato if that number is too high...

Find another issue...

Tue, 04/23/2013 - 10:28 | 3487997 Dr. Engali
Dr. Engali's picture

So he should get the advantadge of tax payer funded protection plus put the tax payer on the hook as he collects  the rent for housing them? Ludicrous!

Tue, 04/23/2013 - 11:03 | 3488121 Sivad UK
Sivad UK's picture

Fine. I see you could care less whether or not this might be a cost effective arrangement favorable to the taxpayer. Let's be dogmatic, shall we?

The Secret Service should find another place to quarter while they protect the Vice President. It is not appropriate for them to be billeted at the Vice President's private residence. That would be a direct violation of his 3rd amendment rights. Unless of course he were in some way compensated for this intrusion by agents of the Federal Government in a manner to which he freely agrees....

Oh wait a damn.... 


Tue, 04/23/2013 - 11:02 | 3488117 StarTedStackin'
StarTedStackin&#039;'s picture

It's not that Delawareans are stupid (lord knows many are), as much as it is the 22% population of handout seeking tick and leech knee grows who loyaly vote for the Democrat Plantation handout.




It's hard for a Conservative preaching hard work and self reliance to win, when almost a 1/4 of the population will never vote for you......

Tue, 04/23/2013 - 09:35 | 3487757 Bastiat
Bastiat's picture

Plus one for the first chuckle of the day.

Tue, 04/23/2013 - 09:29 | 3487722 adr
adr's picture

Which set up the full Corzine of the entire market.

When we were sitting in a room figuring out how to steal most of the peoples money and transfer it to the people who got us elected, I called John Corzine. First of all he's the best crook I know, second was Nancy Pelosi's husband. We called him next. Heard he made a fortune trading on inside info, figured who better to set up our own funds.

Tue, 04/23/2013 - 11:14 | 3488159 Abiotic Oil
Abiotic Oil's picture

When we were sitting around the table doing lines of blow and smoking weed....

Tue, 04/23/2013 - 09:21 | 3487653 Dr. Engali
Dr. Engali's picture

Jon Corzine...that names rings a bell but I can't quite rember where I heard it from.Judging from the sound of his name I'm sure he was an honorable person.

Tue, 04/23/2013 - 09:18 | 3487660 Cdad
Cdad's picture

OT...slightly...although in the category of "from the minds of the criminal syndicate"

Guess who said this on this morning in history:  "Top line growth is the most over--rated issue i can recall. It has been a total canard.. enough already..."

Tue, 04/23/2013 - 09:25 | 3487695 fuu
fuu's picture

Who is Jim Cramer?

Tue, 04/23/2013 - 09:31 | 3487732 Cdad
Cdad's picture

Ding are correct, sir.

Because, of course, it is best for Americans that giant and dead crony corporations continue to fabricate earnings "beats" through financial engineering [cause we don't have enough of that], while also enhancing returns by firing folks...and for people to buy stocks on this bedrock thinking.

Higher and higher into the ether, Jim "Svengali" Cramer drifts.  Bulls should be terrified right about now. 

Tue, 04/23/2013 - 09:48 | 3487845 azzhatter
azzhatter's picture

He is the chief assweasel at the CNBC network of assclowns.

Tue, 04/23/2013 - 09:19 | 3487664 Sudden Debt
Sudden Debt's picture


IT'S GOOD TO BE..... Obama's bitch.

Tue, 04/23/2013 - 09:20 | 3487678 Joe Davola
Joe Davola's picture

Who's whose bitch?

Tue, 04/23/2013 - 09:42 | 3487798 Sudden Debt
Sudden Debt's picture


Tue, 04/23/2013 - 09:44 | 3487811 Joe Davola
Joe Davola's picture

Earthworms call it 11

Tue, 04/23/2013 - 09:53 | 3487843 Urban Redneck
Urban Redneck's picture

Corzine, Freeh, and Holder were all tramp stamped by the Clintons before Barry got them as hand-me-downs.   Makes for good entertainment though...


Tue, 04/23/2013 - 09:18 | 3487667 toms
toms's picture

is there a DEATH PENALTY sentence for this crime?


Tue, 04/23/2013 - 09:21 | 3487676 Captain Kink
Captain Kink's picture

Breach of fiduciary duty?!  This MF should be jailed for fraud and theft.  Period.

Tue, 04/23/2013 - 10:54 | 3488085 toys for tits
toys for tits's picture

'Breach of fiduciary' duty sounds so innocuous.  People were hurt.

We should start calling thiefs that steal on the street, 'cash liberators'.

Tue, 04/23/2013 - 09:21 | 3487677 Rory_Breaker
Rory_Breaker's picture


Tue, 04/23/2013 - 09:30 | 3487725 buzzsaw99
buzzsaw99's picture



fixed it.

Tue, 04/23/2013 - 09:41 | 3487799 mrdenis
mrdenis's picture

Freak Jon Corzine .....fixed your fix 

Tue, 04/23/2013 - 09:21 | 3487684 fuu
fuu's picture

At least we know where he will be spending some of his time in the near future.

Tue, 04/23/2013 - 09:30 | 3487714 Dr. Engali
Dr. Engali's picture

At the beach house with an occasional conference call to the lawyers. He's got people don'tch ya know?

Tue, 04/23/2013 - 09:48 | 3487825 fuu
fuu's picture

So you are saying you don't think he is going to appear in the courtroom during the trial?

Tue, 04/23/2013 - 10:00 | 3487897 Dr. Engali
Dr. Engali's picture

I expect things to be no different than his apperance in front of congress....which was a joke.

Tue, 04/23/2013 - 09:23 | 3487688 short screwed
short screwed's picture

I wish these guys a lot of luck, but somehow I doubt it will ever get to court.  Will probably be dismissed on some kind of legal technicality. 

Tue, 04/23/2013 - 09:22 | 3487689 Common_Cents22
Common_Cents22's picture

DB Cooper? pfffffttttt.     Corzine is the most successful bank robber in history!

Tue, 04/23/2013 - 14:37 | 3489499 Lux Fiat
Lux Fiat's picture

I think Bubblicious Ben has that one sewn up.

Tue, 04/23/2013 - 09:26 | 3487699 digalert
digalert's picture

This will result in hearings for a year and a half. Another six months for trial, lengthy decision period after which, the bought and paid for judge say's "I don't have jurisdiction in this case".

Tue, 04/23/2013 - 09:25 | 3487700 williambanzai7
williambanzai7's picture


Tue, 04/23/2013 - 09:29 | 3487721 short screwed
short screwed's picture

HA HA HA! I love it!

Tue, 04/23/2013 - 09:40 | 3487788 Stud Duck
Stud Duck's picture

Good one, william, but still love the one where he waving thru the windshield of a semi tractor that has demolished a dozen cars! I have it in a file, but can get it to paste to comments!

Tue, 04/23/2013 - 11:17 | 3488183 monad
monad's picture

How is OJ getting along?

Tue, 04/23/2013 - 09:26 | 3487704 TrumpXVI
TrumpXVI's picture

This is a joke, right?

Tue, 04/23/2013 - 09:28 | 3487707 alien-IQ
alien-IQ's picture

Shouldn't he be charged with financial terrorism or is that the exclusive domain of the federal reserve?

Tue, 04/23/2013 - 09:27 | 3487710 moneybots
moneybots's picture

They didn't like it at jury duty when i brought up the fact that no bankers are in prison.

Tue, 04/23/2013 - 09:37 | 3487781 HardAssets
HardAssets's picture

Tell them you will use critical thinking skills to actuallly weigh all the evidence presented.

Your odds of being selected to serve on the jury will be very slim, however.

Tue, 04/23/2013 - 12:17 | 3488569 Arius
Arius's picture

good advice ...who knows might come handy sometimes :)

none likes critical thinking skills thats for sure ...

Tue, 04/23/2013 - 11:15 | 3488166 monad
monad's picture

Look up common law right of nullification, and don't mention it unless you intend to use it.

Tue, 04/23/2013 - 19:46 | 3490838 kchrisc
kchrisc's picture

Yeah might want to keep it on the "down-low" or possibly end up like Julian Heicklen--arrested and prosecuted by the feds for handing out info on "jury nullification."

"Land of the free, home of the brave" LOL 


Wed, 04/24/2013 - 14:34 | 3493855 monad
monad's picture

Corzine makes you wonder what Blagejovitch really did to piss off OB

Tue, 04/23/2013 - 09:29 | 3487712 williambanzai7
williambanzai7's picture

The trail always leads to Dime'nback Jamie.

Tue, 04/23/2013 - 09:37 | 3487774 Stud Duck
Stud Duck's picture

William where is that clip of Corzine in a semi tanker, waving thru the  windshield?? It was titled "moral hazzard ahead!


Tue, 04/23/2013 - 09:46 | 3487830 Stud Duck
Stud Duck's picture

In the county I grew up in we dealt with diamondback with a shotgun or shovel , which ever tool was close at hand! Garden hoe works well too!

I actually "roped" one by the head wth string leather off the saddle and carried him back to the barn to show him off for his size ect!

Would love to do the same with Jon C!

Tue, 04/23/2013 - 11:14 | 3488156 WillyGroper
WillyGroper's picture

There's an idea. Dimon's face on a rattlesnake.

Tue, 04/23/2013 - 09:31 | 3487728 buzzsaw99
buzzsaw99's picture

Stay away from hot tubs Freeh.

Tue, 04/23/2013 - 10:21 | 3487978 Sudden Debt
Sudden Debt's picture


Tue, 04/23/2013 - 09:40 | 3487744 Notarocketscientist
Notarocketscientist's picture

How bout some VIGILANTE JUSTICE ZH'ers? 

The least you could do is get off your fat asses and park yourselves in front of Corzine's mansion - ambush him at his club - do whatever it takes - but get in his face and let him know he is a fucking criminal.  Scream 'you prick SOB' in front of his oh so proper friends. 

He deserves the same treatment as OJ ya - he has ruined throusands of lives

Tue, 04/23/2013 - 09:35 | 3487755 Stud Duck
Stud Duck's picture

Why someone has not shot or cut the cocksuckers throat is beyond me!

MSM is ignoring him completely,

Obummer is going down the same road as Bush the lessor, we are soooooooooo screwed!

I thought being drafted and sent to Viet Nam was a screw job, but this stuff, is really beyond any  possible rational explanation.

Hell, Larry Levin is on Bloomberg right now, is he selling out too????

Even Jame Howard is going soft on me!, we are so fucked, just like the guys on hill 871, in 69!

Tue, 04/23/2013 - 09:56 | 3487850 HardAssets
HardAssets's picture

Stud Duck - a fellow who had his own Wall Street firm and had been in US Army Counter-intelligence wrote me one time that criminals run Wall Street and are in the top positions in government. At the time, I thought he was exaggerating to make a point . . but he meant Exactly what he wrote.

They are All Crooks, even your local Congressman - who may be an active criminal, or just go along with the party line. The wars they send young guys off to aren't about 'protecting freedom', but about playing some big power game they get off on & making money for themselves (often from the illegal drug trade or the arms trade). They don't give a fuck about you or me or the rest of the American people.

America took a wrong turn a very long time ago, at least as far back as the Constitutional debates in the 1780s. Perhaps we can get back to the vision of what we were supposed to be as stated by men like Thomas Jefferson, Thomas Paine, and James Madison.

Tue, 04/23/2013 - 20:40 | 3491014 kchrisc
kchrisc's picture

He and you are correct. Here is why:

Bastiat in his book "The Law" wrote, and I am paraphrasing here, that people have three natural rights--Life, liberty and Property--or at least the right to not have those three aggressed against. He said that a group of people cannot imbue an institution with the right to aggress against others that they themselves naturally do not have. Those aggressing against others as part of an institution would be criminal just the same as if they did so without institutional backing. If an institution says that it holds such power to aggress against other people and their Life, Liberty and Property, then that institution and all those that are associated with them are criminal.

By extension, any and all participation with a thieving and murderous government, from the dog catcher to the top puppet, is criminal. And I would add that voting, participation, also falls under that category and also comes clothed in "naivety" as well.

Bastiat also went on to say that such an institution, government, by way of its internal contradictions (lies) would then use laws as and for "instruments of plunder." That is a legalistic way to say that the law just becomes another way to separate people from their labor, product and ultimately their life.

Read "The Law" by Bastiat. It will be the best 60 or so pages that you ever read.    hujel

Tue, 04/23/2013 - 11:26 | 3488237 dhengineer
dhengineer's picture

My guess:  Jonny the Dick will be exonerated and walk out with a big shit-eating grin on his face.  Everything will be cool for a few months, and then he will fail to show up for some Demoncrap function or other where his White House boy is being honored.  Days later, garbagemen in four or five Jersey counties will find body parts in dumpsters.  The mystery of where he disappeared to will be solved.  The mystery of who did the slicing and dicing will never be told, at least not publically.


Tue, 04/23/2013 - 09:34 | 3487760 Galt57
Galt57's picture

I think everyone got their money back, so what's the big deal?

Tue, 04/23/2013 - 10:25 | 3487985 Bastiat
Bastiat's picture

Why do you think that?

Tue, 04/23/2013 - 11:00 | 3488104 Galt57
Galt57's picture

I know one person who initially lost money in the MFG bankruptcy, but last week he got a check, got his money back.


Tue, 04/23/2013 - 11:22 | 3488219 Disenchanted
Disenchanted's picture

Has that check cleared yet?

Tue, 04/23/2013 - 09:35 | 3487773 short screwed
short screwed's picture

Seriously, there must be some kind of statute which bars US Senaters (current or former) from being prosecuted or sued.  I just can't believe that justice will be served. 

BTW, still haven't heard about this story on CNBS.  Thanx ZH

Tue, 04/23/2013 - 09:38 | 3487785 dobermangang
dobermangang's picture

They should lock Corzine in a room with Ann Barnhardt.  I'd pay to see that.

Tue, 04/23/2013 - 09:38 | 3487786 Kiss My Iceland...
Kiss My Icelandic Ass's picture

About freaking time. Go Louis.

Tue, 04/23/2013 - 09:41 | 3487797 Bastiat
Bastiat's picture

Louis  Freeh, former director of the FBI-- expect justice!!

Tue, 04/23/2013 - 09:41 | 3487803 Stud Duck
Stud Duck's picture

Was;t Louis Freeh the guy that did the cover up on Ruby Ridge for the FBI???

Don't expect much out of him, he is trying to get back into the loop with TPTB!

Tue, 04/23/2013 - 10:00 | 3487898 Bastiat
Bastiat's picture

Waco too-- Louis really gets to the bottom of things.

Tue, 04/23/2013 - 11:25 | 3488240 Disenchanted
Disenchanted's picture

Louie B. Freeh's job is to provide the perception that things are "cleared up."

s/Most recently he "cleared up" the Sandusky/Penn State kiddy fiddler mess.../s

Tue, 04/23/2013 - 09:45 | 3487821 Bastiat
Bastiat's picture

Louis Freeh's job here is like that of Mr. Wolf in Pulp Fiction.

Tue, 04/23/2013 - 09:46 | 3487828 IridiumRebel
IridiumRebel's picture

Too bad this ain't Andrew Jackson's Day....fucker would be drawn and quartered.

Tue, 04/23/2013 - 09:52 | 3487839 spanish inquisition
spanish inquisition's picture

I believe he is well underway with the "Bundler Immunity Defense"

Edit: Louie's job is to make a good show of things, to write the history that protects the higher ups.

Tue, 04/23/2013 - 12:32 | 3488643 Clark Bent
Clark Bent's picture

Don't forget the usefulness of pulling a matter "under investigation" where it will remain, and where nobody will ever have to answer for it, alwasy having the excuse that we can't do anything while the matter is under investigation. Then when all have forgotten, the invetigation disappears and the perps walk. This is Janet Reno 101, Eric Holder learned from her, and so did B. Freeh. 

Tue, 04/23/2013 - 09:50 | 3487846 MyBrothersKeeper
MyBrothersKeeper's picture

Only in Washington could such a snake have the word "Honorable" before his name.

Tue, 04/23/2013 - 09:58 | 3487888 Seasmoke
Seasmoke's picture

Corzine , Paulson and Blankfien.

Enough said.

Tue, 04/23/2013 - 09:59 | 3487894 adonisdemilo
adonisdemilo's picture

We need a new definition of "to be Corzined"

Could I suggest-- "a crook who suddenly has no legs"

Tue, 04/23/2013 - 10:04 | 3487912 wisefool
wisefool's picture

Didn't the supreme honorable most high corzine testify that the CFO knew what went wrong? who defferred to the COO. who deffered to a director, who said it was probably a server room guy who lost all the money.

Case closed!

Tue, 04/23/2013 - 10:06 | 3487915 buzzsaw99
buzzsaw99's picture

I'll swear you were doing a great job taking care of your clients money, but you parked it at jpm last night, and this morning, it was gone... [/otter/animal house]

Tue, 04/23/2013 - 10:07 | 3487924 Crtrvlt
Crtrvlt's picture

anyone else notice the email addresses of the lawyers



watch out

Tue, 04/23/2013 - 10:18 | 3487964 Dr. Engali
Dr. Engali's picture

  +1 LOL...You can't make this shit up can you? Good catch.

Tue, 04/23/2013 - 10:23 | 3487981 22winmag
22winmag's picture

Lawsuit? Kinda like attempting to pass out a speeding ticket at the Indy 500.

Tue, 04/23/2013 - 10:39 | 3488036 jayman21
jayman21's picture

Southern District of New York?  Jon will be fine.

Tue, 04/23/2013 - 11:04 | 3488118 helping_friendl...
helping_friendly_book's picture

Will it be in the Temple of Judge Rakoff? Then surely Corzine will have Jewmunity from prosecution.

Tue, 04/23/2013 - 10:57 | 3488096 StarTedStackin'
StarTedStackin&#039;'s picture

Obama will not let his largest campaign bundler go down. Imagine the Socialist Democrat Media outcry had this happened under Bush.



I feel sorry for people who still think 'both parties are the same' are as ignorant as the Solcialist Democrat Media wants you to be......and you are truly enablers of Obama's welfare state.

Tue, 04/23/2013 - 11:26 | 3488246 CheapBastard
CheapBastard's picture

waiting for Godot.....


Good luck with the suit......if nothing else, you rock his boat a little.

Tue, 04/23/2013 - 11:38 | 3488344 Disenchanted
Disenchanted's picture

Is it possible that Corzine/MFG was just 'fronting' for another 'organization?'


Front organizations can act for the parent group without the actions being attributed to the parent group.


I'm guessing JPM...which is probably also a front itself.


"These properties are long-term investments and represent our continued commitment to London[as in "The Square Mile"] as one of the world's most important financial centres," said JP Morgan's chairman and chief executive, Jamie Dimon.


JP Morgan to move into Lehman London headquarters



Tue, 04/23/2013 - 12:14 | 3488539 Galt57
Galt57's picture

I am all for equal justice for the banksters.  But somehow, in this case, I think they placated the clients with refunds. No idea where the money came from.  Insurance wouldn't reach a billion.

Tue, 04/23/2013 - 13:22 | 3488946 De minimus
De minimus's picture

His "friends" just printed it up. He is a former US senator for gosh sakes!

Tue, 04/23/2013 - 12:36 | 3488665 reader2010
reader2010's picture
Tue, 04/23/2013 - 12:51 | 3488739 Lugnut
Lugnut's picture

Any mention of Sarbanes Oxley violations in the indictment? If not you can probably ignore the whole thing as window dressing.

Tue, 04/23/2013 - 20:40 | 3491020 kchrisc
kchrisc's picture

Regardless of what happens, I would bet that the guillotine can run faster than he.              hujel

Tue, 04/23/2013 - 21:50 | 3491227 Loggerhead
Loggerhead's picture

Now we have the DOJ going after Lance Armstrong because he unjustly profitted from doping.  So how big is that circus going to be?  Like the steroids deal with baseball?  Yet Corzine will rise like the Phoenix in the future er will crawl out of a cave in 9 months and be on top of the world again facing nothing but $ bills and a cushy lifestyle

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