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Full MF Global Bankruptcy Petition... In Which We Find That Corzine's Bankrupt Firm Owes CNBC $845,397?

Tyler Durden's picture




 

Full bankruptcy filing attached below, where we find that in addition to owing JPM and Deutsche Bank $1.2 billion and $1 billion respectively, as bond trustees, the 7th biggest unsecured creditor with $845,397, is... CNBC? Perhaps that explains the objective reporting the Comcast station has provided on the topic of MF over the past several weeks, considering the caliber and quality of guests invited to opine. It also should be a reminder to all advertising collections offices to never be more than 30 days late on collecting receivables. Of course, this is pure speculation on our behalf. We are confident CNBC will provide a far more rational explanation why it is owed nearly $1 million by MF Global, and just what is the nature of services rendered...

 

 

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Mon, 10/31/2011 - 10:46 | 1828403 Bananamerican
Bananamerican's picture

wtf?

$845,397 is "keep the kiddies in their seats while we don flame proof fire proximity suits" money

Mon, 10/31/2011 - 10:48 | 1828433 sunnydays
sunnydays's picture

Shows the media is unbiased and reports honestly about companies.  LOL

 

CNBC wouldn't be having people on saying how great the company is and how secure financially to protect their own ass.  

 

I sure hope this wakes some people up, but I doubt it will be advertised they are owed money.  

 

Just what is it for "being paid for unbiased reporting on the company over the last few months?"   :)

Mon, 10/31/2011 - 11:05 | 1828508 malikai
malikai's picture

Does anyone know of any clips of anyone on CNBC recently pumping MF Global? That would be ultimate hilarous.

EDIT: Nevermind. LOL

Mon, 10/31/2011 - 11:17 | 1828564 Hard1
Hard1's picture

The invoice would read: "Paid advertisement intended to raise MF stock on reports pretending to be newscasts". if the USA were a honest country

Mon, 10/31/2011 - 12:26 | 1828783 Don Birnam
Don Birnam's picture

" 'Objective reporting ?' Can't blame me."

http://img18.imageshack.us/img18/184/bq4c.jpg

 

Mon, 10/31/2011 - 12:32 | 1828809 Bicycle Repairman
Bicycle Repairman's picture

Why use a desk when you can put them on bar stools?

Mon, 10/31/2011 - 13:26 | 1828943 motley
motley's picture

Not really a BQ fan, but she does look pretty hot in that pic...

Mon, 10/31/2011 - 14:45 | 1829295 rosiescenario
rosiescenario's picture

...we call them 'infomercials'

Mon, 10/31/2011 - 15:50 | 1829546 Michael
Michael's picture

John Corzine was on CNBC World about 2 weeks ago being allowed to spout his bullshit just before his company collapsed.

I now fully understand the million dollar payoff.

Tue, 11/01/2011 - 00:50 | 1830883 RockyRacoon
RockyRacoon's picture

Wonder how much the MFers owed Dick Bove?

Mon, 10/31/2011 - 11:03 | 1828521 scatterbrains
scatterbrains's picture

how much of that money went in Bove's pocket ?

Mon, 10/31/2011 - 11:26 | 1828599 eureka
eureka's picture

Bove, Birinyi, Biggs... blow, blow, blow, little bitches - 

B-NAMES are little blow-horns for the big blow-horns: Bloomberg, CNBC, MSNBC

Mon, 10/31/2011 - 12:34 | 1828811 goldfreak
goldfreak's picture

Burnet, like Erin-the-government-made money-on the-bailout-Burnet

Mon, 10/31/2011 - 11:32 | 1828621 Oh regional Indian
Oh regional Indian's picture

A dickload I believe. 

ORI

Awesome art

Mon, 10/31/2011 - 11:42 | 1828662 kaiserhoff
kaiserhoff's picture

Hot damn.  Didn't know Becky was that Quick!

Mon, 10/31/2011 - 12:44 | 1828837 NumberNone
NumberNone's picture

Interesting concept...CNBC acts as a clearinghouse so that companies can shuffle money to analysts for positive comments for themselves or negative comments on their competitors without getting their hands dirty by paying them direct. 

Mon, 10/31/2011 - 13:10 | 1828901 motley
motley's picture

This is how it always has worked...this is a good read for those who haven't seen it before.

 

http://www.scribd.com/doc/16624921/The-Story-of-Deep-Capture

http://www.deepcapturethemovie.com/

Mon, 10/31/2011 - 14:49 | 1829312 JW n FL
JW n FL's picture

 

 

http://www.scribd.com/doc/16624921/The-Story-of-Deep-Capture

http://www.deepcapturethemovie.com/

ANYONE who has NOT! seen this information.. should and then it should be shared!

I dont know how else I can speak more plainly.

motley, Thank You! for sharing this! things like this that have not been posted in a GOOD LONG WHILE! should have a stickey or a page with info (Tyler, sorry! I know you are busy.. but adding a page with links for Great Info would help new people! think of all the mis-direction away from JP and leveied against Goldman!).

Once again! motley YOU ROCK for bringing back an oldie but a goodie! Keep them coming!

Mon, 10/31/2011 - 16:20 | 1829660 motley
motley's picture

Thanks JW...I am new here, but not new to the realities that plague our world!

For those still looking at this thread, here is a Bloomberg short movie "Phantom Shares" that should be consumed along with the Story of Deep Capture.

http://video.google.com/videoplay?docid=4490541725797746038

 

Mon, 10/31/2011 - 22:28 | 1830592 Hephasteus
Hephasteus's picture

Speaking of deep capture. What you guys think about exploding tunnels around denver lately.

Mon, 10/31/2011 - 11:46 | 1828677 I Got Worms
I Got Worms's picture

I've come around to the opinion that anyone who listens to any of the mainstream outlets to determine the true state of our economy, or for advice on how to handle their finances deserves their fleecing. F 'em.

Mon, 10/31/2011 - 16:49 | 1829747 tooktheredpill
tooktheredpill's picture

they actually did mention it during closing bell, bless em (don't tell anyone I was watching)

Mon, 10/31/2011 - 10:44 | 1828405 nedwardkelly
nedwardkelly's picture

7th biggest unsecured creditor with $845,397, is... MF Global

Typo? You mean the 7th largest is CNBC right?

Mon, 10/31/2011 - 10:44 | 1828406 maxmad
maxmad's picture

Hmm... another reason for them to put a positive spin on this, bitchez!

Mon, 10/31/2011 - 10:46 | 1828407 GeneMarchbanks
GeneMarchbanks's picture

Is Bove on the list also for services rendered?

Mon, 10/31/2011 - 10:47 | 1828426 Bananamerican
Bananamerican's picture

that's Bove's kneepad bill...

Mon, 10/31/2011 - 11:00 | 1828504 Comay Mierda
Comay Mierda's picture

no he's too busy with BAC

Mon, 10/31/2011 - 10:45 | 1828411 Cone of Uncertainty
Cone of Uncertainty's picture

Pay to say.

Mon, 10/31/2011 - 11:05 | 1828526 Nascent_Variable
Nascent_Variable's picture

These days, it costs a million dollars to bribe a news station with zero credibility.  Talk about inflation...

Mon, 10/31/2011 - 11:31 | 1828618 Fred Hayek
Fred Hayek's picture

Exactly!

This is payola. That's all it is, payola.

At least back during the payola radio station scandals we were getting some music out of it.

Mon, 10/31/2011 - 14:49 | 1829311 rosiescenario
rosiescenario's picture

....and to get the prez's ear, all it cost was a vicuna coat....simpler and cheaper times....

Mon, 10/31/2011 - 10:45 | 1828412 wisefool
wisefool's picture

"They have no Idea !!!!!"  Jim Cramer. Charity Financier. Invests primarily in gold.

Mon, 10/31/2011 - 10:46 | 1828414 TuesdayBen
TuesdayBen's picture

ya gotta pay to play

Mon, 10/31/2011 - 10:46 | 1828418 gojam
gojam's picture

Cuff 'em Danno

Mon, 10/31/2011 - 10:49 | 1828441 GeneMarchbanks
GeneMarchbanks's picture

"It's not illegal, just immoral" -Barack Obama

He later added "Maybe"

Mon, 10/31/2011 - 10:46 | 1828419 RobotTrader
RobotTrader's picture

Looks like MF Global is going to be another "Servicemaster" event

Market keeps grinding up with retail names leading.

 

"Like It Never Even Happened"

Mon, 10/31/2011 - 10:48 | 1828431 Stoploss
Stoploss's picture

You can do better than that retard.

Mon, 10/31/2011 - 10:49 | 1828443 maxmad
maxmad's picture

Looks like the market smells blood on Robo's account....

 

Rally since 09- "like it never really happened!"

Mon, 10/31/2011 - 10:56 | 1828480 unununium
unununium's picture

I modded you up because that was funny.

Mon, 10/31/2011 - 10:46 | 1828421 maxmad
maxmad's picture

hmmmm.... where's Steve LIESman..... hmmmm.... looks like Stevie might have put on this trade for CNBC?

Mon, 10/31/2011 - 10:48 | 1828430 maxmad
maxmad's picture

Looks like LIESman got caught with his hand in the cookie jar!

Mon, 10/31/2011 - 10:47 | 1828422 No One
No One's picture

Wow, getting access on CNBC is expensive.

Mon, 10/31/2011 - 10:47 | 1828423 mendolover
mendolover's picture

Delicious!  Couldn't happen to a bigger jerk!

Mon, 10/31/2011 - 10:47 | 1828427 YesWeKahn
YesWeKahn's picture

was it a blow job?

Mon, 10/31/2011 - 10:50 | 1828428 Cognitive Dissonance
Cognitive Dissonance's picture

Wanna play dominoes?

Dominoes

Mon, 10/31/2011 - 10:55 | 1828474 Arius
Arius's picture

yeah .... whats next ?

:-)

Mon, 10/31/2011 - 11:02 | 1828515 GeneMarchbanks
GeneMarchbanks's picture

Mon, 10/31/2011 - 11:03 | 1828524 NumberNone
NumberNone's picture

No shit CD.  The imagination goes wild on what services were performed by CNBC on behalf of MF Global to warrant $800K in money due.  It could explain the tight-sphincter look that Cramer was wearing this morning.  This was clearly never meant to see the light of day and you have to wonder if it doesn't set the domino's in motion against CBNC.   

Mon, 10/31/2011 - 11:26 | 1828600 Peter K
Peter K's picture

As far as Cramer is concerned, someone should put that gimp back in the hole:)

Mon, 10/31/2011 - 13:24 | 1828932 Executioner
Executioner's picture

MF Global needed love, and the market cheerleaders needed the money. You know they still got to pay for the college degrees. Of course the bulk goes to the CNBC pimps.

Mon, 10/31/2011 - 10:48 | 1828429 HD
HD's picture

 They probably just bought $800,000 worth of this:

http://www.nbcuniversalstore.com/?v=cnbc_mad-money&icid=cnbcslider

I mean - someone has to be buying that crap...

Mon, 10/31/2011 - 10:48 | 1828436 surfwon
surfwon's picture

baaaaaaaaaawwwwwwwwwwww......... beautiful.............

Mon, 10/31/2011 - 10:49 | 1828438 Everybodys All ...
Everybodys All American's picture

CNBC has become the weather channel ...

Mon, 10/31/2011 - 10:56 | 1828482 GeneMarchbanks
GeneMarchbanks's picture

Great analogy except for the forecasting...

Mon, 10/31/2011 - 11:28 | 1828607 wisefool
wisefool's picture

And not nearly as attractive announcers.

Mon, 10/31/2011 - 10:49 | 1828439 Cone of Uncertainty
Cone of Uncertainty's picture

Dam makes you wonder how much Buffet pays for Becky Quick.

Mon, 10/31/2011 - 10:50 | 1828445 jcaz
jcaz's picture

Uh huh- that will be the last you hear of this on or from CNBC.....

Mon, 10/31/2011 - 10:50 | 1828447 SheepDog-One
SheepDog-One's picture

OHHHHH now I get Dick Bovines pom pom waving appearance and why CNBC wont question a word about any of it!

Mon, 10/31/2011 - 10:50 | 1828449 MarkTwainsMustache
MarkTwainsMustache's picture

You guys are idiots...haven't you noticed that it is mostly financial firms that advertise during the 'commercial breaks'?  CNBC is not running a charity business, they charge for those advertisements!!!  Full disclosure, CNBC still sucks.

Mon, 10/31/2011 - 10:57 | 1828490 SheepDog-One
SheepDog-One's picture

Get MAGIKJACK!

'I may be in my bathrobe, but Im actually working on my MBA!'

'Good grandparents buy Gerber life insurance'

'John had an invention....and while he made a profit, his results are not typical'

Mon, 10/31/2011 - 10:59 | 1828499 Irish66
Irish66's picture

Turn your sound off

Mon, 10/31/2011 - 11:00 | 1828503 nonclaim
nonclaim's picture

Product placement is also advertisement, even if not by your definition.

Mon, 10/31/2011 - 11:16 | 1828567 bullonparade
bullonparade's picture

Why so negative they could have wasted spent it on Fox in a Herman Cain/Smoking ad. 

Mon, 10/31/2011 - 10:51 | 1828451 the not so migh...
the not so mighty maximiza's picture

Primary dealer going down is bullish

Mon, 10/31/2011 - 11:07 | 1828529 Zero Govt
Zero Govt's picture

MF shares going down is a bearish play

..and i'm kicking myself for not shorting because any company headed by an ex-politician or an ex-Goldman Sucks staffer, in this case BOTH, is sure to be a train wreck!!

Mon, 10/31/2011 - 10:51 | 1828452 centerline
centerline's picture

MSM working for the banks?  Please tell me it is not so.  I just can't believe it!  

Mon, 10/31/2011 - 10:51 | 1828453 SeverinSlade
SeverinSlade's picture

And this is sure to be ignored by the MSM.  ZH are merely financial blogger terrorists...

Then again, we are living in the Orwellian nightmare where war is peace and where real patriots are considered to be enemies of the State.

Mon, 10/31/2011 - 10:51 | 1828455 MFL8240
MFL8240's picture

How much money did this POS donate to the Obama campaign?  It is becoming a daily event to watch liberals implode because none have a clue how to operate a business legally, which explains why they want goverment involved to throw them an edge. 

Mon, 10/31/2011 - 10:51 | 1828456 Bartanist
Bartanist's picture

Got to pay the "pump monkeys".

Mon, 10/31/2011 - 10:51 | 1828457 William113
William113's picture

Jon Corzine ran New Jersey further into debt. So why would you let him run a company. To many questions not enough time.

Mon, 10/31/2011 - 10:51 | 1828459 LawsofPhysics
LawsofPhysics's picture

Where is the SEC?

Mon, 10/31/2011 - 10:59 | 1828472 unununium
unununium's picture

In this case I think you mean where is the FBI.  I don't remember seeing overt advertising from MF on CNBC?

Mon, 10/31/2011 - 10:54 | 1828470 tarsubil
tarsubil's picture

What's with Fox Redshield being owed 11k?

Mon, 10/31/2011 - 10:55 | 1828477 ItsDanger
ItsDanger's picture

So MF Global was paying CNBC to express various opinions.  Interesting how a broker/dealer would be active in promotion in that manner.  I wonder if CNBC disclosed this clearly to everyone.

Mon, 10/31/2011 - 10:57 | 1828487 smlaz
smlaz's picture

Read your Dick Bove piece.  How much is CNBC paying Bove et al to tout firms that are paying for such service.  Journalistic integrity my azz...

Mon, 10/31/2011 - 10:57 | 1828489 SDRII
SDRII's picture

Its ok, JPM is now trading Shanghai gold

"The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its website (www.sge.com.cn). Other foreign trading members include Credit Suisse, HSBC, Standard Chartered, Bank of Nova Scotia, ANZ, United Overseas Bank and Barclays. The pace of liberalisation in China's gold sector is closely watched by foreign players as it is regarded as a precursor to an opening up of the vibrant base metals sector, whereby foreign participation on futures trading is strictly restricted by regulators. The Shanghai Gold Exchange is China's main precious metals bourse, trading spot gold, silver and platinum as well as spot deferred contracts in gold and silver."

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=138551&sn=Det...

 

Mon, 10/31/2011 - 11:37 | 1828637 Fred Hayek
Fred Hayek's picture

As long as China doesn't let them throw out nearly unlimited naked shorts with the backing of silver supposedly held in the SLV trust, I don't much care.

Mon, 10/31/2011 - 12:26 | 1828795 Conax
Conax's picture

It would be rich if they pulled the usual shit and Chinese regulators blew the whistle on them.

Nah, they'll trap the regulators with free hookers and blow, then blackmail them. Clever boyz.

Mon, 10/31/2011 - 10:57 | 1828492 lolmao500
lolmao500's picture

How is this not conflict of interest and illegal?

Mon, 10/31/2011 - 11:30 | 1828612 hedgeless_horseman
hedgeless_horseman's picture

 

 

In Texas, law firms contribute to judges' campaigns as a matter of course.

Other places call it bribery, or at least a conflict of interest, but not Texas.

 

Mon, 10/31/2011 - 15:25 | 1829441 JW n FL
JW n FL's picture

 

 

In Florida the Law Firms just Buy the Judges every election year.. it is a bidding process! the Firm with the Most High Bids wins the court cases!

I would think just being the high bidder with the head of the Courts and then amybe a couple of judges that then could be handed off cases would be good enough.. but you know these guys.. they need ALL the Judges.. a couple just wont do!

I think that in every County (parish whatever) in every State that this is the Norm NOT the exception.

Mon, 10/31/2011 - 13:30 | 1828957 Executioner
Executioner's picture

In Soviet Amerika, the advisors pay for your opinion.

Mon, 10/31/2011 - 10:58 | 1828494 lizzy36
lizzy36's picture

Who gets the Eurotoxics?

Mon, 10/31/2011 - 10:58 | 1828496 AngryGerman
AngryGerman's picture

buahahahahahaha JPM and Deutsche buahahahahahahahhaha idiots

Mon, 10/31/2011 - 11:24 | 1828595 Oztralian
Oztralian's picture

baahh away, sheep. JPM sold 92% of its unsecured debt well before the news today.

Mon, 10/31/2011 - 10:59 | 1828500 TooRichtoCare
TooRichtoCare's picture

MF Global owes CNBC a million bucks?

so...when they do a shot where they ask some floor broker what he thinks of the market etc, and at the bottom of the screen they're displaying the guy's name & his firm...like that Najarian guy for optionsmonster, or some of the other commentators...those guys PAY cnbc to be on air?  What...to get the advertising, the name recognition, to pump their views on the stocks they already own?

I guess that's why they call them cnbc contirbutors!

 

Mon, 10/31/2011 - 11:01 | 1828506 srsly-wtf
srsly-wtf's picture

Its all rigged...

Mon, 10/31/2011 - 11:01 | 1828509 Everybodys All ...
Everybodys All American's picture

The SEC and FINRA must be busy. Nothing to see here.

Mon, 10/31/2011 - 11:01 | 1828511 Zero Govt
Zero Govt's picture

well MF certainly didn't pay CNBC hush money as Rick Santelli has been kicking off about them leaving floor traders in the lurch all morning 

Mon, 10/31/2011 - 11:13 | 1828558 c'mon man
c'mon man's picture

Santelli is the only one on CNBC that calls it as he sees it with no BS. The anti-Liesman...

 

Mon, 10/31/2011 - 11:41 | 1828657 prodigious_idea
prodigious_idea's picture

Santelli is a jackass

Mon, 10/31/2011 - 11:47 | 1828681 jcaz
jcaz's picture

Wow, you're so hip and edgy to call Santelli a jackass- you must be smarter than the rest of us-  I wanna follow your blog.....

Mon, 10/31/2011 - 11:02 | 1828516 midgetrannyporn
midgetrannyporn's picture

I notice Goldie isn't on that list. They will be on the "who gets all the goodies" list.

Mon, 10/31/2011 - 11:08 | 1828537 Seasmoke
Seasmoke's picture

No GS is never on the list They are on the 2nd list you never see , the one where everyone on the first list than hands it over to GS

Mon, 10/31/2011 - 11:02 | 1828518 Cone of Uncertainty
Cone of Uncertainty's picture

Guys chill, Rock Center with Brian Williams debuts tonight, it's all good.

Mon, 10/31/2011 - 11:21 | 1828585 Peter K
Peter K's picture

Another comedian:) Turns out that the only real news guy at NBC is ....wait for it.... the Rev Al Sharpton:)

Mon, 10/31/2011 - 11:02 | 1828520 El Oregonian
El Oregonian's picture

This must be one of those "Soft Patches" they (CNBC/BS) like to talk about.

Mon, 10/31/2011 - 11:03 | 1828522 YesWeKahn
YesWeKahn's picture

Tyler, any bullish news today? it can't be all that bad, can it? AAPL is rallying, all the REIT are rallying too. Apple will sell IFood, IToy during this Xmas.

Mon, 10/31/2011 - 11:03 | 1828523 Dr. Engali
Dr. Engali's picture

So is that what they have over from the million dollar portfolio challenge? $850,00 in debt? Great job.

Mon, 10/31/2011 - 11:06 | 1828530 RobotTrader
RobotTrader's picture

U.S. Steel still grinding up.

Citibank and Morgan Stanley filled the gap.

Now let's see what happens.

Mon, 10/31/2011 - 12:20 | 1828780 Ruffcut
Ruffcut's picture

Go trick or treating already robo. Let me guess you are going as yourself. A freckled face, red headed step child that no one likes.

Mon, 10/31/2011 - 11:09 | 1828540 LawsofPhysics
LawsofPhysics's picture

Anyone really surprised? 

Mon, 10/31/2011 - 11:10 | 1828543 firstdivision
firstdivision's picture

That was to allow Jim Cramer out of his contract early to become Co-CEO of MF Global.

Mon, 10/31/2011 - 11:11 | 1828546 FranSix
FranSix's picture

So MF Global received how much TARP money in the bailout? Not something you're likely to hear on CNBC.

Mon, 10/31/2011 - 11:11 | 1828548 monopoly
monopoly's picture

This is worse than "Nightmare on Elm Street". Miners hanging tough in spite of Robot and looks like AEM searching for a bottom. Have no interest in this market, stopped trading long ago and like what I got.

Mon, 10/31/2011 - 11:12 | 1828550 NumberNone
NumberNone's picture

Nice due diligence on behalf of JP Morgan and Douche Bank.  And fucking Bernanke wonders why he drops interest rates to 0% and the banks still refuse to loan to the public and create another bubble?  It's because they have their money tied up pieces of shit like Corzine.  Everyone trying to double down at the craps table. 

Mon, 10/31/2011 - 11:14 | 1828557 oceanview76
oceanview76's picture

CNBC had been running MF Global commericals just about everyday for the last 2 weeks.  Makes sense if you're MF.  Run the commercials, if you stay in business you pay for them later.  If you go into bankruptcy, you never pay for it.  No risk, high reward, seems like a PR lay-up.

Mon, 10/31/2011 - 11:14 | 1828560 dynamictrader
dynamictrader's picture

Short term top triggers, Dow Below 12K, SP breaks 1260.

 

Mon, 10/31/2011 - 11:17 | 1828569 jmcadg
jmcadg's picture

Notice coming in at no. 16 ... Bloomberg Finance $276,000. Is this THE Bloomberg too?

Mon, 10/31/2011 - 11:17 | 1828573 Joe Davola
Joe Davola's picture

This Corzine fella sounds like he would make a fine Treasury Secretary.

Mon, 10/31/2011 - 11:23 | 1828593 Jim in MN
Jim in MN's picture

http://en.wikipedia.org/wiki/Payola

Payola, in the American music industry, is the illegal practice of payment or other inducement by record companies for the broadcast of recordings on music radio, in which the song is presented as being part of the normal day's broadcast. Under U.S. law, 47 U.S.C. § 317, a radio station can play a specific song in exchange for money, but this must be disclosed on the air as being sponsored airtime, and that play of the song should not be counted as a "regular airplay".

The term has come to refer to any secret payment made to cast a product in a favorable light (such as obtaining positive reviews).

Mon, 10/31/2011 - 11:28 | 1828606 azzhatter
azzhatter's picture

How much do they owe Dick Bovine?

Mon, 10/31/2011 - 11:31 | 1828619 lizzy36
lizzy36's picture

Hard to be objective when the Journalist and his Subject are doublefisting one another.

Mon, 10/31/2011 - 11:32 | 1828626 defn8Dog
defn8Dog's picture

Where's the $1.3 billion credit line they tapped recently?  Reports were Citi, BAC, JPM were lenders.  That's not "bond debt", therefore it doesn't appear to be listed. 

Mon, 10/31/2011 - 11:35 | 1828631 StreetMoney21
StreetMoney21's picture

WOW! I too am curious about the owed to the cheerleader squad. I am sure they will come up with a generic explanation that will not equate to anything meaniful. I wonder if JPM and Deutsche Bank had insurance on the debt that was owed to them?

Mon, 10/31/2011 - 11:39 | 1828648 gwar5
gwar5's picture

There it is in Black and White.  CNBC is part of the money-changers and the Ponzi. MSM is owned, as if we didn't know.

 

Here's an experiment....

Larry Sinclair held a press conference in June 2008 to say he and Obama had a a gay relationship. Other gay members of Obama's church (Larry Bland, Donald Young, Nate Spencer) were shot execution style within 40 days of each other in 2007 when Obama was declaring his candidacy. Scared shitless, Sinclair was afraid he was going to be next if he didn't go public. MSM ignored all of it.

Barack Obama -- Larry Sinclair Press conference Pt 1 - YouTube

 

....Le's see how fast TPTB internet trolls attack.

 

 

Mon, 10/31/2011 - 14:33 | 1829254 NotApplicable
NotApplicable's picture

I don't think you understand how the Memory Hole works. The last thing TPTB will do is to attack something that doesn't need attacked.

If you do get attacked, it will just be by the Hopium junkies that I like to refer to as "self-propelled tools."

As long as Obummer doesn't decide to go all JFK against his handlers, Sinclair's name will never see the light of an MSM day.

Mon, 10/31/2011 - 11:48 | 1828682 spanish inquisition
spanish inquisition's picture

So what is the liability of JPM and Deutsche Bank as trustees (fiduciary responsiblility and all that). It's not like they didn't of seen it coming.

Mon, 10/31/2011 - 13:28 | 1828948 f16hoser
f16hoser's picture

"Proof is in the Pudding!" As they say. One more reason not to trust Main Stream Media. I do exactly the opposite of what MSM Pundits say. Got Silver?

Mon, 10/31/2011 - 13:34 | 1828970 theprofromdover
theprofromdover's picture

Good to see Sullivan & Cromwell on the creditors list ($600k).

They are very much inside the hallowed temples.

Rodgin Cohen, you are a naughty boy. One day we will require you to tell all you know.

Mon, 10/31/2011 - 13:46 | 1829010 anonnn
anonnn's picture

...It also should be a reminder to all advertising collections offices "

You mean "advertising", the quotes meaning so-called.

Advertising is also cover word used to legalize bribery, blackmail, payoff and, kickbacks. It gives BusinessAsUsual appearance to hide covert activitie.

Got an inside story on  McBuffet impregnating his daughters?. Before it's broadcast, have the business manager give him a call for his comments ask, "by the way, would you like to boost your advertising on our station for, say, 5 years"? The story will luckily cease to exist.

Mon, 10/31/2011 - 14:51 | 1829324 rosiescenario
rosiescenario's picture

Why all the outrage? Just a simple infomercial...the price appears to be in line...

Mon, 10/31/2011 - 15:39 | 1829506 navy62802
navy62802's picture

One of the 10 largest bankruptcies in history and it's barely in the news cycle. Unreal. Instead, we get the latest gossip about Herman Cain plastered everywhere.

Mon, 10/31/2011 - 15:45 | 1829532 rosiescenario
rosiescenario's picture

...wow...so that info on Cain actually displaced Michael Jackson's doctor?????

 

The dumbing down of America is moving ahead very nicely...

Mon, 10/31/2011 - 16:18 | 1829656 prophet
prophet's picture

Advertising and news - one of modern day's original conflicts of interest.

Tue, 11/01/2011 - 02:16 | 1830951 Hephasteus
Hephasteus's picture

+1 Infotainment mashup.

Mon, 10/31/2011 - 17:30 | 1829816 Problem Is
Problem Is's picture

How Do You Owe CNBC $845,397???

Cover loses on every one of Cramer the Clowns buy recommendations through a special CNBC Cramer-Clown-Fund account?

Advertising?
What are you paying $8,453.97 per every viewer reached??

Mon, 10/31/2011 - 22:20 | 1830569 Hephasteus
Hephasteus's picture

That's not fair. It is ONE hell of a comedy show. People love it.

Mon, 10/31/2011 - 19:28 | 1830081 steelrules
steelrules's picture

So CNBC is not opinion it's paid pump, "who could have guessed" LMAO.

Tue, 11/01/2011 - 02:03 | 1830937 honestann
honestann's picture

CNBC == paid fraudsters == no surprise.

Fri, 11/11/2011 - 15:50 | 1870693 catch edge ghost
catch edge ghost's picture

What was Lind-Waldock's advertising schedule on CNBC? 

When did CNBC begin programming specifically for options traders?

How many of the customers currently getting bent over are clients that came online during the intesrsection of those schedules?

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