Former Head Of FBI To Probe MF Global Collapse

Tyler Durden's picture




The judge in the MF Global disaster just got real. The assignment of Louis Joseph Freeh, former Director of the the FBI no less, somewhat assures that Corzine and crew will get their day in court - or at least be vilified enough that someone pays the real price for the wrongdoings. He is the perfect man for the job having investigated, among others, mob connections to Italian pizza joints.

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Mon, 11/28/2011 - 15:18 | 1921935 LawsofPhysics
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Another round of "untouchables"?  Bring it.

Mon, 11/28/2011 - 15:25 | 1922004 quintago
quintago's picture

The "Pizza Connection" case was, at the time, the most complex criminal investigation ever undertaken by the U.S. government.

Then MF Global should be easy to figure out ...

Mon, 11/28/2011 - 15:34 | 1922080 flacon
flacon's picture

Did Freeh used to work for Goldman Sachs? Wouldn't come as a surprise if he did... There's got to be a bankers interest in there somewhere...

Mon, 11/28/2011 - 15:38 | 1922124 SilverIsKing
SilverIsKing's picture

Who is paying him for conducting this investigation?

Mon, 11/28/2011 - 16:03 | 1922161 Pladizow
Pladizow's picture

Why not sell the American Judicial system to the Chinese?

Let them do the investigation and decide upon the appropriate punishment!

Congress would be OK with this as long as they could execute their trades prior to public disemination!

 

 

Mon, 11/28/2011 - 16:53 | 1922640 knukles
knukles's picture

Goldman Sachs, Queen of England, Rothschild family, Bank of England, CME and Federal Reserve.

Mon, 11/28/2011 - 15:47 | 1922188 ToNYC
ToNYC's picture

Goldman like any rodent, sought out the class easiest to corrupt: those that depend on the will of the media-obsessed hordes once every two years. The FBI are the girls with high standards. They enable no bad boyfriends. Thank you, my good Sisters.

Tue, 11/29/2011 - 02:29 | 1924348 margaris
margaris's picture

FBI high standards?

The FBI has grown so large, it has so many different functions. It has gotten fat over the years.

This is not the slim well-mannered high standard girlfriend you where talking about.

Its just another "fat bitch" arm of government, and it needs money for coooooookies.

Mon, 11/28/2011 - 15:52 | 1922227 I Got Worms
I Got Worms's picture

Didn't Freeh preside over the Oklahoma City bombing AND Waco??? We're in good hands then, the evildoers shall be brought to justice!!!

Mon, 11/28/2011 - 16:18 | 1922427 knukles
knukles's picture

Yes

Mon, 11/28/2011 - 16:43 | 1922584 11b40
11b40's picture

I will believe it when I see it.  Not one minute before.

Mon, 11/28/2011 - 16:52 | 1922637 kaiserhoff
kaiserhoff's picture

Waco was Janet (Uggo) Reno as was Alien Gonzales, the great favor por Fidel.

Mon, 11/28/2011 - 17:40 | 1922680 kaiserhoff
kaiserhoff's picture

More to the point, a clusterfuck ATF operation supervised by the Big Ugly.

Mon, 11/28/2011 - 17:14 | 1922764 Amish Hacker
Amish Hacker's picture

No, flacon, Freeh has never worked for Goldman Sachs. Until now.

Mon, 11/28/2011 - 19:35 | 1923338 TheFourthStooge-ing
TheFourthStooge-ing's picture

Amish Hacker astutely noted:

No, flacon, Freeh has never worked for Goldman Sachs. Until now.

The inside joke is that he's their most highly paid broom pusher. His pay is commensurate with his experience in sweeping things under the rug.

 

Mon, 11/28/2011 - 15:47 | 1922197 bbq on whitehou...
bbq on whitehouse lawn's picture

Wait unti they see the hotdog vender connection.

Those condiments come from some where.

I wouldnt hold my breath on the FBI finding its ass with a map.

Mon, 11/28/2011 - 15:25 | 1922008 HedgeAccordingly
HedgeAccordingly's picture

another squid gets covered in salt... http://hedge.ly/tlhrZ0

Mon, 11/28/2011 - 16:41 | 1922556 11b40
11b40's picture

Way back in the last century, the Untouchables were the FBI Agents.

Mr. Freeh may soon discover that the new Untouchables are the bankers.

Welcome to the new millenim.

Mon, 11/28/2011 - 22:59 | 1923902 Problem Is
Problem Is's picture

Ness was a Treasury agent... Not FBI...

He did not work for dress wearing J. Edgar and his butt buddy Clyde Tolson...

Mon, 11/28/2011 - 17:09 | 1922740 4realmoney
4realmoney's picture

It is always the same... Makes me sick

Mon, 11/28/2011 - 15:19 | 1921942 buzzsaw99
buzzsaw99's picture

HAHAHAHAHAHA!!

DOIN' A HECKUVA JOB!

THE FBI IS OWNED BY THE SQUID!

HAHAHAHAHAHA!!

Mon, 11/28/2011 - 15:20 | 1921959 midgetrannyporn
midgetrannyporn's picture

THEY OWN THE SEC TOO!

BREEHEEHEE!

Mon, 11/28/2011 - 15:24 | 1922000 slaughterer
slaughterer's picture

I will not be happy until Raj and Jon are butt buddies.  

Mon, 11/28/2011 - 16:56 | 1922660 GMadScientist
GMadScientist's picture

There's no hedgin' that kinda "tail risk".

 

 

Mon, 11/28/2011 - 15:36 | 1922107 bank guy in Brussels
bank guy in Brussels's picture

Somehow I get reminded of when that American fraud, prosecutor Patrick Fitzgerald, was supposed to be investigating serious crime at the Bush White House, and there was all these stories he was going to recommend Bush for impeachment ...

And it turned out Patrick Fitzgerald was another tool of the system working to cover up for the Bush family, and there was one mini-indictment of I think 'Scooter' who was then pardoned by Bush.

Yes Patrick Fitzgerald recently prosecuted that Blago guy but that was another dude who stepped on the wrong toes and wasn't an insider. Whenever it's a corporate media circus you know the oligarchs are in on it.

Louis Freeh is another tool of the system who let American corruption multiply like an African AIDS epidemic when he was FBI Director ... he will go after Corzine if and only if the oligarchs want Corzine taken down.

Mon, 11/28/2011 - 16:02 | 1922283 slewie the pi-rat
slewie the pi-rat's picture

bush I appointed freeh a district court judge in NY so. dist. where he had been a US atty for a decade.  couple years later, clinton put him in charge of the FBI

so, yes, this is a political job

you mention fitzgerald, who is the US atty in no illinois, home of the crimex.  one might have heard that fitz was gonna investigate, but soon after he gets outa the blocks, the WH pulls the rug out from under him 

b/c top banksters and PDs are involved, this will be a dark pool of investigatory goo

this is chicago, after all, BiCheZ!

Mon, 11/28/2011 - 15:19 | 1921943 GeneMarchbanks
GeneMarchbanks's picture

Jail Corzine!

Ask questions later.

Mon, 11/28/2011 - 15:26 | 1922011 HardlyZero
HardlyZero's picture

Nah.  Corzine just did his group job interview last week up on the hill.

Now Luigi will provide the one-on-one interview.

After that comes the pardon.

Then Corzine kisses the ring.

Next is the Treasury...Corzine is the ultimate "Madoff Monster".

Then Corzine will lay down the *new* law.

Mon, 11/28/2011 - 15:32 | 1922071 Troll Magnet
Troll Magnet's picture

OR...

Corzine will suddenly "die" like Ken Lay ... and those Navy Seals who "got" Bin Laden.  No one will identify nor verify his "corpse" and he will be "buried" ... And we'll carry on as if nothing happened.  

Mon, 11/28/2011 - 15:42 | 1922154 SheepDog-One
SheepDog-One's picture

Thats right! Some guy who stole a 6 pack of beer will be jailed if he cant make bail until trial! Corzine walks around free? NAH theres not 2 different tyes of people or anything, Im sure!

Mon, 11/28/2011 - 15:19 | 1921944 Motorhead
Motorhead's picture

Where's J. Edgar when you need him?

Mon, 11/28/2011 - 15:22 | 1921977 fonestar
fonestar's picture

I was expecting them to get Alvin Greene to investigate!

 

http://www.youtube.com/watch?v=Ar09czbfE8o

Mon, 11/28/2011 - 15:39 | 1922136 Bam_Man
Bam_Man's picture

Diddling Clyde Tolson in the "Great Gay Sex Club in the Sky".

Mon, 11/28/2011 - 15:50 | 1922212 mt paul
mt paul's picture

probably at victorias secret

buying new underwear..

Mon, 11/28/2011 - 16:58 | 1922673 GMadScientist
GMadScientist's picture

Blowing some guy.

Tue, 11/29/2011 - 00:36 | 1924076 wee-weed up
wee-weed up's picture

Dancing around in women's panties, no doubt!

Mon, 11/28/2011 - 15:19 | 1921947 kdervin
kdervin's picture

Little Louie Freeh is better at cover-ups than uncovering.

Mon, 11/28/2011 - 15:31 | 1922059 JohnKing
JohnKing's picture

From Wikipedia

Beginning in 2004 Freeh began moonlighting as an adjunct law professor for Widener University School of Law. Drawing on his years of experience, he has taught White Collar Crime.

 

 

Mon, 11/28/2011 - 15:54 | 1922241 pain_and_soros
pain_and_soros's picture

He was also recently selected to lead an internal investigation into the Penn State sex abuse scandal involving Jerry Sandusky and several high-ranking university officials.[39]

http://live.psu.edu/story/56476

Sounds like he'll be spread rather thin between the two investigations or perhaps there is a linkage between MFG & PSU that needs his "special attention" given his teaching credentials?

Mon, 11/28/2011 - 18:51 | 1923213 CPL
CPL's picture

Sounds like something that should be shouted from the roof tops.

 

Drudge and Spy?

Mon, 11/28/2011 - 19:34 | 1923335 weinerdog43
weinerdog43's picture

If by 'special attention', you mean no attention whatsoever, then yes.  No bigwigs must ever be prosecuted. 

Mon, 11/28/2011 - 15:26 | 1921960 Cognitive Dissonance
Cognitive Dissonance's picture

Finally I'll be able to sleep at night knowing that Superman is back in his cape and tights and watching over a sleeping Metropolis.

May God bless us one and all.

/sarc

Mon, 11/28/2011 - 16:47 | 1922606 Nobody For President
Nobody For President's picture

Naw - Batman!

But the Joker will get away again.

Mon, 11/28/2011 - 15:21 | 1921965 InternetInfidel
InternetInfidel's picture

Mess with the taxpayers, get bailed out by the Fed, mess with goldman, get investigated by the FBI.

Mon, 11/28/2011 - 15:21 | 1921966 PaperBear
PaperBear's picture

I will believe it when I see Corzine and crew in court answering charges of theft.

Mon, 11/28/2011 - 15:38 | 1922116 dwdollar
dwdollar's picture

I will believe it when I see Corzine doing hard time. Anything less is a circus distraction.

Mon, 11/28/2011 - 15:21 | 1921967 f16hoser
f16hoser's picture

Can we trust him or are you being facetious?

Mon, 11/28/2011 - 15:50 | 1922216 Iwanttoknow
Iwanttoknow's picture

I doubt it.He is a card carrying member of Opus dei.

Mon, 11/28/2011 - 15:22 | 1921971 BlueStreet
BlueStreet's picture

He was also hired to investiage Penn State.  He's got the sex and money thing covered.   

 

http://espn.go.com/college-football/story/_/id/7264524/penn-state-nittany-lions-hire-ex-fbi-director-louis-freeh-investigation

Mon, 11/28/2011 - 15:29 | 1922050 NotApplicable
NotApplicable's picture

So, he's gonna cover-up two birds with one stone?

Why his efficiency alone will save the economy! Then again, it's the same set of birds...

Mon, 11/28/2011 - 15:48 | 1922200 flacorps
flacorps's picture

Things will get messed up in their computer network and Corzine will be indicted for diddling boys while Sandusky will be accused of comingling at MF Global. In the ensuing confusion, both will be found not guilty.

Mon, 11/28/2011 - 16:37 | 1922533 NumberNone
NumberNone's picture

Panic ensues at the SEC as the Sandusky investigation uncovers hundreds of daily visits to children porn sites by computers logging in from SEC offices...

Mon, 11/28/2011 - 15:21 | 1921972 Rahm
Rahm's picture

*grabs popcorn*

Mon, 11/28/2011 - 15:22 | 1921979 PaperBear
PaperBear's picture

Did JP Morgan Just Convert 614,000 Ounces of MF Global Clients’ Silver into JPM Licensed Vaults?

http://sgtreport.com/2011/11/did-jp-morgan-just-convert-614000-ounces-of-mf-global-clients-silver-into-jpm-licensed-vaults/

“We have been updating readers that 1,420,916 of registered silver is currently unavailable as it is nowhere to be found in the aftermath of the Corzine/ MF Global scandal.”

So nearly 1.5 million ounces of silver is also missing ?

F**KING HOLY MOTHER OF GOD !!

These f**kers are burning the place to the ground.

Mon, 11/28/2011 - 15:28 | 1922038 HardlyZero
HardlyZero's picture

Gold and Silver are not money, they are a barbaric relic.  (according to TPTB when talking down to the people).

Mon, 11/28/2011 - 15:30 | 1922056 fonestar
fonestar's picture

all the while moving their own metals to undisclosed locations

Mon, 11/28/2011 - 15:37 | 1922114 SDRII
Mon, 11/28/2011 - 15:53 | 1922235 ToNYC
ToNYC's picture

JPM just took the opportunity to re-title the proceeds of a former arranged theft: got Refco, got going....

Mon, 11/28/2011 - 16:03 | 1922333 Quinvarius
Quinvarius's picture

Anyone who had eligable/allocated silver at the COMEX through MF Global got robbed.

Mon, 11/28/2011 - 16:41 | 1922566 Everybodys All ...
Everybodys All American's picture

wow ... makes sense doesn't it. The crime is rampant apparently.

Mon, 11/28/2011 - 15:23 | 1921986 JustObserving
JustObserving's picture

You expect someone who was part of the power structure to find flaws in it?  It is like trying to find a child abuser in the Penn Sate football program.

Never mind, Freeh is also heading that investigation.

So many scandals, so few qualified, independent people.

 

Mon, 11/28/2011 - 15:24 | 1921988 Tsar Pointless
Tsar Pointless's picture

interestingly, Freeh has also been tapped to head the investigation (i.e. cover-up and paper shredding) of the Sandusky/PSU child molestation case.

http://www.collegian.psu.edu/archive/2011/11/28/special_committee_press_conference.aspx

But Freeh may have business ties to Penn State and The Second Mile through his previous work at credit card company MBNA Corp. The credit card giant has business ties with Penn State and the alumni association.

At MBNA, Freeh also worked under Richard Struthers, an executive vice chairman. Struthers served on the State Board of Directors for The Second Mile. And in 2010, The Struthers Family Foundation donated more than $50,000 to The Second Mile, founded by former assistant football coach Jerry Sandusky.

Mon, 11/28/2011 - 16:36 | 1922524 Money 4 Nothing
Money 4 Nothing's picture

Investigator = clean up team today.

Mon, 11/28/2011 - 15:23 | 1921989 CPL
CPL's picture

Former third shift burger cook at McDonalds to probe Japanese Nuclear incident.

That how I read it.

Why would someone that quit and left a law enforcement role, as a manager, not a bean counter, be remotely qualified to handle anything about MF Global?

Mon, 11/28/2011 - 15:41 | 1922099 NotApplicable
NotApplicable's picture

Why? Because, as you know, it's all about the con game called the Cult of Personality. Freeh is the fixer du jour.

I'm now wondering if Jim Baker has retired, or is he too busy starting WWIII?

Tue, 11/29/2011 - 00:43 | 1924098 wee-weed up
wee-weed up's picture

Not even remotely qualified. The "FBI Head" part of his resume facilitated it for him. And he will "act" accordingly to protect the guilty.

Mon, 11/28/2011 - 15:23 | 1921992 Dr. Engali
Dr. Engali's picture

What's there to explore? Corzine a politically connected crook stole the funds and nobody was arrested. Business as usual. Case closed.

Mon, 11/28/2011 - 15:28 | 1922034 CPL
CPL's picture

Exactly, if people start going to jail for incompetence and the republic is doomed.

Mon, 11/28/2011 - 15:35 | 1922104 GeneMarchbanks
GeneMarchbanks's picture

What republic?

You're funny...

Mon, 11/28/2011 - 15:41 | 1922146 IAMSLATTERY
IAMSLATTERY's picture

Incompetence - like your attitude - it was a f#@king CRIME.

Quick corse - Human Rights:

DO NO HARM

Get it?

Capital of real earned wealth was stolen by entities that have never earned anything (except the good report cards their parents have on the fridge). 

Imcompetence is what they call someone who is seriuously mentally retard in a real world.

How excuses for crimes against human rights become so blazay is only through manipulation of language by more of the same spineless ilk who thrive off usury cause the very idea of actually creating real value could threaten the nature of these souls who find significance in being more than real.

Mon, 11/28/2011 - 15:24 | 1921999 fiftybagger
fiftybagger's picture

yawn

Mon, 11/28/2011 - 15:25 | 1922002 JohnKing
JohnKing's picture

Excuse me, but why do they appoint former FBI people? Is the current FBI unavailable?

Mon, 11/28/2011 - 15:30 | 1922054 spinone
spinone's picture

Damn good point. Guess it's easier to sweep it under the rug if it's not the real FBI.

Mon, 11/28/2011 - 15:37 | 1922112 NotApplicable
NotApplicable's picture

Did you skip your meds this morning? Or is it time to up the dosage?

Mon, 11/28/2011 - 15:57 | 1922272 Bansters-in-my-...
Bansters-in-my- feces's picture

JohnKing to the "grassy knoll" please

JonhKing......

Please show up at the "grassy knoll"

(he forgets no questions allowed)

Ps...

 and good ones to boot.

Mon, 11/28/2011 - 16:33 | 1922494 Money 4 Nothing
Money 4 Nothing's picture

For the simple reason that they have fucked up in the past and they go along with the program now after a good bank check to the head. Hence the word "former"

Mon, 11/28/2011 - 15:26 | 1922016 Amish Hacker
Amish Hacker's picture

In a related story, the fox has been assigned to guard the hen house...

Mon, 11/28/2011 - 15:30 | 1922055 vegas
vegas's picture

Oh, I feel soooooooo much better now. Hell, they still aren't finished looting the place.

If I'm Johnny C., I'm already sitting in Paraguay soaking up the sun flipping the bird to Louie.

 

http://vegasxau.blogspot.com

Mon, 11/28/2011 - 15:31 | 1922060 Lost Wages
Lost Wages's picture

Like many, I'm still not overly optimistic. A shill like Freeh might be willing to do in a few mafia drug dealers for personal glory, but what kind of shill is willing to imprison to Corzine, the current administration's butt buddy? Only time will tell.

Mon, 11/28/2011 - 15:39 | 1922127 NotApplicable
NotApplicable's picture

Personal glory? He likely took them down to eliminate the competition for one of his "friends."

Mon, 11/28/2011 - 15:32 | 1922069 mynhair
mynhair's picture

Louie can just Ruby Ridge ole Jon boy.

Mon, 11/28/2011 - 16:08 | 1922366 chunga
chunga's picture

Lon Horiuchi will be brought out of mothballs in case anyone gets close to uncovering even the slightest "impropriety".

Mon, 11/28/2011 - 15:32 | 1922073 Peter K
Peter K's picture

"'ouf wif the 'ead", I say.

As far as the jail thing is concerned, I think he is telling his sons about his crimes right now, and it should only be a matter of days until they call the real FBI and turn their father over:)

Mon, 11/28/2011 - 15:32 | 1922074 The Axe
The Axe's picture

i know six people yet to receive any funds from MF Global,,,what bullshit...Jon CorzDICK shpuld be in handcuffs already.

Mon, 11/28/2011 - 15:33 | 1922083 Boxed Merlot
Boxed Merlot's picture

Isn't this the same "I Don't Remember" anything about those misplaced FBI files the current secretary of state testified to and is front runner for the DNC choice for the US top executive position, whose husband appointed to same FBI back in the day?

Somthing like that anyway. This ball of yarn is getting pretty tangled. By design of course.

Mon, 11/28/2011 - 15:33 | 1922084 junkyardjack
junkyardjack's picture

It'll all be pinned on a janitor that will get life in prison while Corzine will become CEO of another company

Mon, 11/28/2011 - 15:34 | 1922085 Few
Few's picture

I think throwing them all in a tub grinder would yield the best result.

http://www.rotogrind.com/

Mon, 11/28/2011 - 16:07 | 1922354 flacorps
flacorps's picture

I like the Top Gear Corvette-powered smoothie machine for that purpose.

Mon, 11/28/2011 - 15:34 | 1922087 yogibear
yogibear's picture

Thought Louis Joseph Freeh was assigned to pick up pizza for the committe. Dog and pony show for the public. Corzine knows too many influenial people. Right now the criminals are trying to find a good patsy to take the fall and go to prison.

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