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Did Jamie Dimon Just Stop Jon Corzine From Going To Jail?
Update: JPMORGAN SAYS IT DOESN'T HAVE MF GLOBAL MISSING MONEY. Ok, now we need to check with JT Marlin
Last week we heard of glitches which resulted in Germany finding $55.5 billion in missing "debt" and a €3.6 billion error in Irish debt. It was only a matter of time before MF Global also uncovered a "glitch"
- MF ACCOUNT WITH $658.8M IN CLIENT FUNDS SAID TO BE AT JPMORGAN
- MF GLOBAL'S MISSING CLIENT FUNDS SAID TO BE LOCATED AT JPMORGAN
Ignore the fact that MF admitted it had commingled and abused client funds. After all, the big boys take care of their own. And what is $660 million to JPM? Here's what - less than the taxpayer money profit the bank makes on one POMO.
And yes, absolutely nobody could have seen this coming:
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Hopefully not. Dimon should join Corzine in jail.
Did anyone REALLY believe Corzine was going to jail?
Hmm, I seem to have misplaced $10B - has anyone seen it? Jamie?
Let them eat cake... this is how you become a head shorter...
here's to hoping what the release means is that JPM was on the dialing side of those margin calls
Allen Stanford & Bernie Madoff just tweeted:
#jealousofcorzine
The answer to the question is YES.
Yes, But the answer a question with a question format makes for much more intriguing reading. Sort of like a police officer asking George Carlin, What are you a comedian? and Carlin responds.. Actually yes.
I apologize for me artless humourless and banal answer.
Geez, you can't expect anybody to know where every single last lousy billion dollars is at every moment, now.. can you?
Jail? LOL
I don't even think he's been ruled out as Geithner's replacement.
Assuming Geithner isn't the last in his position....
I understand Corzine to be quite proficient at using TurboTax so he is indeed qualified for TreasSec.
Billions are chump change to these criminals. Now the pentagon...they have it going on. They're missing trillions and ain't nobody up in arms. (I made a pun!)
They hadn't formally done "gods work."
Until now.
Only God can do God's work.
Really.
It's really a scary phrase because The Book of Revelation
says 2/3 of the population will die.
my first thought was that jpm made a margin call for $666m
Our criminal who art at Morgan,
Dimon be thy name.
Corzine has come, his bailout is done,
From the slush fund we keep soundly hidden,
Give us this day our daily bribe,
And forgive us our manipulations, as we punish those that rail against us.
And bring us not under the CFTC's eyes,
But deliver us from Chilton.
For ours is the POMO, the profits, and the cash, forever and ever.
Amen
that was excellent. wish I could have given you +10.
The Banker's Prayer.
Just awesome.
"The Bankster's Prayer" IMHO
Corzine: Jamie have you seen the presidental re-election war chest around anywhere?
My bad!
Does this mean Corzine will get a bonus now?
They must have one big couch.
We need a citizen's arrest with lots of press
As I posted before NOTHING will happen no one will go to jail , there will be chest beating on blogs and news channels but thats it , we are not in the kings club as they live life to the full we get a bite of there "shit sandwhich" and keep paying your taxes so they do not have to work , hows that unemployment or home repo working out for you managed to find a free wyfi now you are living in your car .Untill you stop paying taxes NOTHING will change , but if you are still paying taxes then you are part of the geonocide going on in the middle east, don't think you are not. I used to think the people in the army were the dumbest motherfuckers on the planet , but now i am nt sure , if you junk, you are just living in denile.
Allen Stanford & Bernie Madoff just re-tweeted upon hearing that this rumor was false (i.e. Jamie Dimon didn't come up with the cash from between his & Blythe Masters couch cushions, aka taxpayer funded drippings):
#waitingforhotrearactionfromcorzine
#occupyseattle almost got to Jamie, but he snuck out the back door of the hotel he was at. Maybe next public appearance they will get him. Bring back the tar and feather treatment for these motherfuckers, then the guillotines.
It was covered up by a TARP.
They are the slut puppy for the FED afterall. Eh.
It's in the cloud...
Well let's examine that a bit...
Who supposedly handles the Fed/Treasury's Gold dealing account?
Who supposedly assumed Bear's huge Silver short?
Who else besides Bear was ponytailing on the Fed/Treasury's Gold dealing in the Silver Market?
Whose P&L has never ever been impacted (as per disclosure) from Gold and Sliver dealings? Altho once it was for bad bets in "coal"?!?!
Whose name showed up a bunch as the dealer in late and after hour ES ramps, buying lots of small lots to tickle the algos?
Which bank, amongst others, is grossly in excess of the laws regarding over concentration of bank market share against which no remedial regulatory action has been taken?
Which bank literally just appointed themselves a designated vaulting repository in the Sliver market?
Which... on never the fuck mind.
Like trying to expalin about the City of London to an uber-leftist California democrat that the banks hold undue influence over the current administration.
Never the fuck mind.
Ok.
Now I really do believe that JPM is a government agency. I am now officially a wacko.
It is probably the CIA's bank too. If they needed an airline they certainly need a bank. Gives them cover and a front row seat.
Squeeze play. It's a demonstration of power, toe-the-line, or you're screwed. You ready to Kiss the Ring? Ok. We gotcha covered.
I think we just went from Corzine as the next Treasurie Sec to Dimon replacing Timmah.
Why would Dimon want to take a demotion?
You think that Yimmah was doling out the bucks to the banks? He doesn't even know how relative to Jamie.
See, Jamie is Real Smart. Seriously. Gravitas.
And you think Paulson was a heavy?
The timing of this bothers me. MF Global investigation about begi- WAIT! NO! Last minute recovery by... by... Jamie Dimon.
Watch them call the investigation off.
JPM just providing a pass-through from the Fed, I wonder?
I was hoping for tar(p) and feathers
events like this are useful to clearly demonstrate the behind the scenes cabal at work...
The latest report from our mole: This conversation between George Soros and Obama recently took place in the Oval Office.
Obama: Good afternoon Mr. Soros. Thank you for gracing the Oval Office with your presence.
Soros: Good afternoon Barack. Please, you don't have to kneel.
Obama: Well how may I be of service to you today?
Soros: Barack I feel you only have a few more months in office. Unfortunately the American people are no longer awed by your ability to dance and make smooth speeches. So I feel it is important to safe guard the gold reserves of this country.
Obama: But Mr. Soros... we haven't even had the chance to paint the republican candidate as a racist, or stupid. It is too early to give up on a second term.
Soros: Hush you ignorant fool! There is too much risk you will loose the election. We must secure the gold reserves now. I will transfer an amount equal to $300 per ounce to an interest bearing account at Bank of America. Then you will transfer the ownership of all gold owned by the United States to me.
(Obama's secretary buzzes in on the intercom.)
Secretary: (In a nasally voice) Mr. President there is a collect call from Switzerland? It is John Corzine.
(Obama orders her to take a message.)
Obama: But gold is trading at over $1,700 per ounce Mr. Soros.
Soros: Silence! Do you know how expensive it is to transport gold? No more questions. The gold must be protected before any crook has an opportunity to steal it.
(The secretary buzzes in again.)
Secretary: Mr. President, Mr. Corzine asked if you could wire him $1,000. He said the price of male prostitutes has tripled in the last week.
I cant wait for the new team to come in and fix everything! LOL!!
Team Blue!
Team Red!
Team Liberfairian!
None of the above with change ANYTHING for the betterment of the 99%! NONE OF THEM LISTED!! and if they tried the secret service would just stand down.
JFK assassination: Secret Service Standdown
http://www.youtube.com/watch?v=XY02Qkuc_f8
Social Programs cost this Country (in a down swing) 7% - 8% of GDP, IN TOTAL!! Hurry! kill them off so we can have more tax cuts! to stimulate the economy! Trickle down my leg really does work! God Bless Fucking Over the Country for a Quarterly Bonus!
You can LIE to yourself and maybe even Lie to a Good Amount of Americans (becuase they are stupid fucking sheep) but here.. in ZeroHedge.. most have a brain and are capable fo critical thinking without.. most are immune to the bullshit placed in heavy rotation by corporate owned media.. and as much as we ALL would love for a happy ending.. it aint coming until the stupid sheep get off the sofa and start fighting back!
until America gets off its fat ass.. America will continue to be FUCKED OVER!
relax--this may take a little time but its in the works-- sooner than later they will get off their fat ass.
Dimon just put the rope around his neck.
What a fucktard. Now JP will be probed and the silver manipulation will be blown wide open.
Thanks for being a retard, Jamie!
These POS Banksters are REALLY asking for prosecution! Barring that, the citizenry could just hang them from the light poles.
"Now JP will be probed and the silver manipulation will be blown wide open."
ROFLMAO!!!!!
That's a good one..... NOT!
"Thanks for being a Retard, Jamie!"
my vote is on Bold, Italik, Underscore .... fucking RETARDE - capish???
but i suppose this is an old style captain who goes down with the sheep ... awake up RETARDO its a new game in town ...
Too bad the AG Holder is one of the most stenchful assholes around, and will not prosecute anybody for any reason... he is a true corrupt piece of hyena shit. Gensler at the CFTC is his boy toy.
I rather like the discounted metals prices.
This will only ensure a greater upswing when the SHTF.
I'm impatiently waiting for another hit job on PMs so I can go buy some more this weekend.
You really think so? Am I cynical, or are you naive? I wish I knew.
JP Morgan should, in all likelihood, be probed. With that I will agree. But who do you expect to probe them? FINRA? SEC? IF anything comes of this it will be a very small fine with no admission of guilt and no one going to jail. <imho>
"...Now JP will be probed..."
Never gonna happen
See my post below.
No one even cares anymore lol.
Wow. Now it's suddenly been found. Only in the vortex known as bizarro world...
or did Corzine keep Diamond from going to jail ?
Didn't Corzine give that money to Dimon as collateral????
hahahahahahahahahaha. This has gotten way too f'd up. Joining my local chapter of OWS.
Explain to them not everyone in finance is the enemy. Enjoy the strange.
Why on earth should money that should have been with MFG end up in JPM's coffins?
Surely that is even worse!
JPM holds the line of Credit.
Nice Fruedian slip.
Nice Freudian typo
You must be pregnant, because you missed your period.
:D
Typos happen to the best of su!
dude was never going to jail, period, goldman, senator, knows secrets, stupid to even think it. he could walk out on the street and shoot you in the head and he wouldn't go to jail
Of course these people don't have the same laws as us. Here's an example of an "elite" from my country getting caught on video running down with his car and killing someone he got into an arguement with. Guess what - he walked.
The video
http://www.youtube.com/watch?v=RFISP_PrhFo
http://en.wikipedia.org/wiki/Michael_Bryant_(politician)
Double post
They missed it the first couple of times they looked becuase it was just another pallet of cash in the vualt.
vast friday fungibility, fuu
Seems reasonable if JP Morgan was their clearing bank.
Time for these mother fuckers to hang from the gallows.
I guess the $658.8 million didn't fit in Corzine's kitchen sugar bowl so he asked Jamie to hold it for him for safe keeping.
That should be enough money to save the close.
This "account" does not need to exist and we don't/won't know the actual size of the problem. Never will.
This is how the legalized MAFIA is covering their buddies. They are not afraid of anything while they control all.
I think I just had an aneurism.
There can be only 1!
http://www.youtube.com/watch?v=4AoOa-Fz2kw
Goldman Sachs is a shield for JP.. and all the others will be swallowed! or destroyed!!
One World! and dont YOU! forget it!
Did they just found Corzine's personal bank account? Or did JPM just admit to stealing it all themselves? Or did the Fed just bailout the situation but does not want to get mentioned?
There si a lot more to this than an error. If no one could find this money for a week, it was well hidden.
Well, there best be an audit trail of WTF the funds are doing at JP. This is a ridiculous story and if JPM, MF and the Feds cooked this up to shove down our throats - they must think we're stupid. But, then again - who will do anything? Nothing will happen and no one will go to jail.
The fate of these men in the short and medium term is up to the Chinese and Russians. The pyramid shape of geometric measurement of 6 x 6 x 6 is a 40 year model run up and 40 year model run down. 1971 began the run down the slope. The Central Bankers know their own model and mandraked East. So it is not up to Americans in the short term what happens to them. As for us Americans, I think we should serve the low hanging fruit of existing funds sloshing around. They are pennies but they are plenty to multiply.
Doing this helps ALL involved especially at the local level which since our Republic died, where it must be rebuilt from ground up.
Temporary loss mitigation followed by slow organic growth is much preferred over world war. But the stick is not the way to go as the result will be scorched earth. There are a mountain of hard working and bright people here waiting for opportunity and for years at that. Forcing populations to bow down to Pharoah Sun Gods of the pyramid is total tryanny and don't expect too many of us to bow down to it, especially when mankind has proven the 2 x 2 box government is far superior.
Tell you what. How about we all give a salute to the pyramid in 2012 and throw it into the symbolic fire so we all DON'T see WW3 and the literal manifestation. Then we all collectively move on. I know, I have a wish list..
I had a dream about Giza.
ORI
my-vision-for-cairo-and-giza-4th-february-2011/
Is JPM their custodian? I didn't know you needed a custodian for cash accounts.
Glad to see that the nice boys found the money and that nobody will get in trouble for any of this. Sometimes I forget where I've put my $658 million as well...and then a friend helps me remember I gave it to him for safekeeping...that's what friends (who do drugs) are for!!!
Corzine got his tax funded bailout after all.
these guys must think everyone is an idiot. one ceo "misplaces" $600 mill of client money and the other ceo just happens to find it lyin' around.
I'll think of this everytime I have my local bank teller count out change from a hundred dollar bill -- three times.
Well, to be fair, it was behind the copier.
...couch cushion.
Giant gold and diamond encrusted bong
back pocket
get ready for the afternoon ramp
G-pap been told what to say - EUR back up to 1.38s
corzine magnamimous in giving up severance
real humanitarian that Corzine
It was probably just under some papers in a clerk's office. No harm, no foul. We lose $658M all the time around here, it's no big deal.
Jamie: "Yo Corzine - don't worry, I got this." <diggs around under couch cushions for a few minutes> "A-ha, here you go, broheim!"
With so much broken people but so much guns I am wondering all along why there are no dead politicans and bankers in the streets yet.
If you have nothing to lose....
C'mon. Michael Corleone doesn't take the fall for Fredo, even before Fredo goes to Roth.
So they are now comingling other brokers money now.... Hmmmmm.
Who the freaking hell is their accounting firm, Timmy et al LLC(lotsa lost cash) ?
"last bastion of capitalism on earth"
http://www.youtube.com/watch?v=TWEd5u_Ihyw&feature=related
"$1"
speaking of jail, are the sphincters of JEF shorts getting a nice workout today? Yes , I beleive they are
all these monster errors must make bill buckner feel a little better.
I would love to have the interest JP earned on that money for the days it had it.
Will almost equal the payoff for "discovering" the funds and preventing someone from jail time.
I vote Fed bailouts behind the scenes. They don't want their fingerprints on the printing lever.
Govt/Fed probably put that money there, can't have the embarassment of having a blatantly criminal enterprise designated a Primary Dealer
In other news, the Pittsburgh Steelers host the Baltimore Ravens this Sunday night live on national teevee, to determine first-place in the AFC North Division, and possible leadership atop the AFC conference.
There are more important things in this world than the destruction of our world's financial system.
Prioritiez, bitchez!
I can't wait to see the time stamps for those deposits!
The timestamps will be as phony as the whole financial system. It will take a data analyst to see the database transactions, and by then they will have paid off enough people in congress to let it slip by.
OH I get it now! JP Morgan had the money safely secured all along and its all good now! WOW!
and your 100 million ounces of physical silver is safe in Jamie's magical Comex vault
have a nice day
JPMorgue slush fund.
LOL jeffries is also just a glitch
they are just "slightly" in trouble
The question really is what does Corzine know that is forcing others to cover his ass.........
It's more like which MF counter-parties get toasted without this miracle, like say JPM?
Former state senator Corzine, who sat on the banking and intelligence committees, knows where all the bodies are buried.
If you were ever elected to the senate one of your first priorities would be to find out about all the crimes and buried bodies, put that knowledge where it can't be discovered and thus ensure your continued wealth building.
I'm sure TOTUS called in a marker with Dimon, this investigation isn't going anywhere.
How do the clients feel about thier money being so easily "misplaced" or in the hands of someone other than who they entrusted it to?
This is an absolute joke and the desparation is getting pretty transparent.
Suddenly, a "credit line" appears? I'm sure that the tax payers are the guarantors?
How much of that 'missing' money got fdiverted straight to Diamonds offshore account?
Fucking thieves each and every one of these dirt bags.
There was once a large bank fraud in Texas regarding liquid fertilizer tanks used as collateral on loans around the area. The banks would go to inpsect their collateral, and the debtor, one Billy Sol Estes, would drive them around and show them fertilizer tanks. Then he would share a few beers, drive around a few more dirt roads and eventually wind up on the other side of the hill from where the first ones had been. Unknown to the beer drinking bankers, he had his staff just move them over the hill, so they were viewing the same tanks, over and over. Now here's a hillbilly Texas doing the same think as these sophisticated Wall Street crooks, and people falling for the same old scheme. Look, there they are...look over there, there they are...look behind you, there they are....etc. Some things never change.
OH and also looks good enough to ramp the crap GREEN on as well!
In a just world Corzine would have just got Jamie Dimon thrown into jail for aiding and abeiting. But thank god we don't have one of those just worlds.
treason can only be rectified by a LYNCHING
Dont bug me, I'm looking for my Bankster Certified BS Unicorn and end of rainbow rightnow.
So MF Global couldn't keep track of their own accounts but somehow JPM knows the .. Facts. Thank the Lord we have people like Jamie.
Right, like a big brother looking over his retarded younger brother. Dimon called at 2 AM and said we got big trouble....money missin big time from MFG...but then he just looked again and discovered all the money was in HIS bank! WHOA!!
you forgot the step where the Bernankster wires the $800mm into the Corzine/Dimon mystery account (all done in the name of saving the small account holders from a loss). And since the Fed has oversight of the MF Global records all of this will remain sealed for 100 years.
Why is that Depression? Think the American people will retain the brand? I am curious.
maybe JPM just transferred it over from Ghaddafi's account?
Jamie Dimon admits to receiving stolen property. No news at 11:00.
^^ +600M
This should raise more questions than it answers.
did you really think they had stolen 600 million????
This is surreal.
There is waaaay to much horse shit here to shovel. Who will believe this?
The Federal Reserve must have ok'ed this.
could be like the Fukashima cows
So the CFTC, SEC, FBI, and who know what other 3,4 letter alphabet soup blubber mint orgs looked into this and missed this? Don't You and I feel safer now?
The Frat of Lying Scum
Makes no fucking sense whatever. CFTC should be forced to disclose the timing of these cash flows.
Corzine owed JPM 1.2 billion......and Jonny raided the private accounts to pay off the banking mafia. Don't worry....Corzine is from Jersey....he knows what they do to people who don't pay.
too bad all you libertarian peabrains lost that money in private accounts......if only there was some kind of eeeeeevil GOVERNMENT REGULATION to get your cash back. holding true to your Ayn Rand stupididty, the "free market" will determine where your money goes.
hahahahahaha
Rastaman-Your on it with that last paragraph.They're not true Libertariaans-Paul and the rest John Birchers-IE,racist.
You've got to be one of the dumbest trolls to ever set foot in here.
coming from you....that's a HUGE compliment.
if stupid calls you stupid....you KNOW you're on the correct path.
So if a some kid with Down Syndrome tells you not to jump off of a cliff, you would jump off?
Of course, I can't argue with your claim that, at least in that case, that would be the right thing for you to do.
Riiiiight.
I'll give you some credit though, you've finally managed to put together your first coherent post.
yeah, its a sick/sad world we live in.
Pardon, are you implying that we have no regulations now, or that these actions were in any way legal?
If so, you are profoundly retarded. But then, that is fairly clear already, even disregarding this mess of a post. You don't so much as write in the language as throw up on the keyboard.
I like how you are so stupid that you can't tell the difference between a "free market" and a "mixed market that is rapidly sliding into fascism". Perhaps you should take a lesson from Grover on opposites?
http://www.youtube.com/watch?v=-FZN-vpWKOc
http://www.youtube.com/watch?v=97hOaXJ5nGU
http://www.youtube.com/watch?v=tMBaWfdFNKc
http://www.youtube.com/watch?v=mieUsShDZL8
Tried the easy score.The Corz,changed mind to do the time in exchange.Dimon worried Corz spill beans.End of story-fade to black.
Yeah sure, it took them a week to figure this out. Idiots OR Liars. Maybe both.
has anyone found that money that Rumsfeld said the Pentagon lost on 9/10/01?
just wondering
money?
what money??
"Donald Rumsfeld announced on September 10, 2001 that an audit discovered $2.3 trillion was also missing from the Pentagon books [1]. That story, as I mentioned, was buried under 9-11's rubble. The two sums disappeared on Dov Zakheim's watch."
Plus an additional 1 Trillion afterwards.
Well, that's one way to print more money - Bernanke to Dimon to Corzine...