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Egan-Jones On The MF Global Endgame: "The Majors Will Pick Off MF Key Employees And Clients Will Flee"

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Fri, 10/28/2011 - 13:06 | 1821392 Earl of Chiswick
Earl of Chiswick's picture

and where will Jonny turn up next?

Fri, 10/28/2011 - 13:09 | 1821416 GeneMarchbanks
GeneMarchbanks's picture

Where all the failures go... back to gubmint.

Sat, 10/29/2011 - 08:24 | 1824020 What does it al...
What does it all mean's picture

Love this site, people remember stuff... 


She is like the "good girlfriend".   Very interesting...

NJ, CT are catching up to Illinois...  Why is NY governors / mayors so good at hiding their skeletons?  

Just watch!

Fri, 10/28/2011 - 13:13 | 1821435 totem
totem's picture

Let's see.. he sunk NJ deep into debt and is now working the same magic in the corporate world at MF global.

This man is obviously presidential materal!

Fri, 10/28/2011 - 13:37 | 1821549 Don Birnam
Don Birnam's picture

The Vampire Squid ostensibly to the rescue of MF's kith and kin ? Ah, the pickins' are slim...


Mon, 10/31/2011 - 12:43 | 1828830 Buzz Fuzzel
Buzz Fuzzel's picture

Not to worry.  The gubment will arrange a shotgun weding or a "structured bankruptcy" where justice and law are ignored, the taxpayer and retail investors get screwed and we move one step closer to the new Dark Ages.

Fri, 10/28/2011 - 21:15 | 1823318 ejhickey
ejhickey's picture

a few miles off the Jersey shore?

Fri, 10/28/2011 - 13:05 | 1821401 GeneMarchbanks
GeneMarchbanks's picture

Thanks a lot Corzine.

Fri, 10/28/2011 - 13:06 | 1821403 citrine
citrine's picture

we cannot see the "Full note" without subscription.

Fri, 10/28/2011 - 13:06 | 1821406 azusgm
azusgm's picture

Gotta love Sean Egan. So refreshing to get analysis without CNBS spin.

Fri, 10/28/2011 - 13:11 | 1821420 Big Corked Boots
Big Corked Boots's picture

"Key employers will flee and taxpayers will get pick pocketed."

There, that's Jon Corzine's legacy - what he did for New Jersey, he's done for MF.

Fri, 10/28/2011 - 13:13 | 1821436 kito
kito's picture

why would anyone want to stay with a firm that couldnt see past its nose regarding the great global conundrum??? fool me once (2008) its your fault, fool me twice (post 2008) its my fault. anybody who stays with a firm that didnt learn any lessons from 2008 gets what they deserve....

Fri, 10/28/2011 - 13:15 | 1821442 Deadpool
Deadpool's picture

Jon Corzine is a criminal. Anyone read "When Genius Failed"? and no, the "genius" was not Governor Corzine, who did and LBO on New Jersey to win office.

Fri, 10/28/2011 - 13:16 | 1821448 jcaz
jcaz's picture

The only clients left at MF are Corzine's buddies, and they were smart enough not to load up too much on his Kool-Aid.

Will be interesting to see how the assets price out-  bet they're liquidated before close of trading today- whoosh.

Do I have to buy my puts back yet?   BUWAHAHAHAHAHAH!!!!!!!!!!!

Fri, 10/28/2011 - 14:12 | 1821750 reload
reload's picture

Most shops in London today would not execute trades for `give up` to MF Global clearing accounts.

Fri, 10/28/2011 - 13:28 | 1821494 Granangry
Granangry's picture

Cock Bove, I mean Dick, was on CNBC yesterday saying they would be bought by GS. Today, CNBC confirms that GS is, in fact, in talks with MF. I wonder which GS board member is giving Cock his info. Especially considering that Gupta is resigned to working the front desk at his cousin's Best Westen motel.

Fri, 10/28/2011 - 13:32 | 1821513 Don Birnam
Don Birnam's picture

 "Especially considering that Gupta is resigned to working the front desk at his cousin's Best Westen motel."

That is provided he is granted work release.

Fri, 10/28/2011 - 13:39 | 1821560 FrankIvy
FrankIvy's picture

I have some (probably worthless) crude option contracts that I have at MF Global (Lind-Waldock). 

Any recommendations on where I should move them?

Fri, 10/28/2011 - 14:15 | 1821775 reload
reload's picture

Marex might be worth a try - not used them myself, have no axe to grind - but hear reasonable things about them and know a few smart cookies that clear with them. http://www.marexspectron.com/

Fri, 10/28/2011 - 14:15 | 1821779 litotes
litotes's picture

Charles Schwab used to have a referring broker relationship with MF Global.  Schwab bought Options Express, however, so as of November, Schwab will be moving all of these affiliated futures accounts to Options Express.  That's fine with me- MF's online trading platform was a pain to use.

I would guess that Schwab has tens to hundreds of thousands of customers that will be moved from MF to OPXS.

Fri, 10/28/2011 - 14:17 | 1821788 JW n FL
JW n FL's picture




Occupy Phoenix Veterans with AR 15s keeping the Occupation safe


Fri, 10/28/2011 - 15:27 | 1822201 Hulk
Hulk's picture

Porky needs to shape up...

Fri, 10/28/2011 - 14:31 | 1821880 PulauHantu29
PulauHantu29's picture

Creative destruction...good stuff.

Fri, 10/28/2011 - 15:04 | 1822088 Seasmoke
Seasmoke's picture

Corzine cant catch a break since Paulson beat the crap out of him when he left GS.......poor guy

Fri, 10/28/2011 - 21:09 | 1823304 ejhickey
ejhickey's picture

Corzine is a bum

Sat, 10/29/2011 - 00:52 | 1823753 Grand Supercycle
Grand Supercycle's picture

DAX monthly chart at blog shows recent bullish candle revealing aggressive short covering rally enclosed within big picture bearish pattern.

Bullish USD weekly/monthly and bearish SP500/DOW monthly charts will eventually ensure a reversal of the equity uptrend and a significant dollar rally.



Sat, 10/29/2011 - 17:21 | 1824942 Carlyle Groupie
Carlyle Groupie's picture

Hate these f*uckers. Their prop desk Principal Strategies sucks sweaty ballsacks.

Good riddens!

Sun, 10/30/2011 - 13:15 | 1826361 Beancounter
Beancounter's picture

Really funny article on MF and Corzine - lol   ....http://www.thereformedbroker.com/2011/10/30/corzine-goes-old-school-mf-s...

Fri, 11/11/2011 - 14:41 | 1870481 ToNYC
ToNYC's picture

He was such a nice man...Benito Mussolini that is, until he hooked up with those bloody Northerners.

Corzine is the Godzilla that the Gold man Sackers visited upon the good city Chicago...lest there be an untainted space since 1848.

Fri, 11/11/2011 - 16:02 | 1870498 ToNYC
ToNYC's picture

IMF take over of all countries due to accounting irregularities. Now get in line!!

Tue, 11/29/2011 - 19:25 | 1927930 Ron Hera
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