This page has been archived and commenting is disabled.
Full MF Global Bankruptcy Petition... In Which We Find That Corzine's Bankrupt Firm Owes CNBC $845,397?
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...
- 19350 reads
- Printer-friendly version
- Send to friend
- advertisements -


wtf?
$845,397 is "keep the kiddies in their seats while we don flame proof fire proximity suits" money
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?" :)
Does anyone know of any clips of anyone on CNBC recently pumping MF Global? That would be ultimate hilarous.
EDIT: Nevermind. LOL
The invoice would read: "Paid advertisement intended to raise MF stock on reports pretending to be newscasts". if the USA were a honest country
" 'Objective reporting ?' Can't blame me."
http://img18.imageshack.us/img18/184/bq4c.jpg
Why use a desk when you can put them on bar stools?
Not really a BQ fan, but she does look pretty hot in that pic...
...we call them 'infomercials'
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.
Wonder how much the MFers owed Dick Bove?
how much of that money went in Bove's pocket ?
Bove, Birinyi, Biggs... blow, blow, blow, little bitches -
B-NAMES are little blow-horns for the big blow-horns: Bloomberg, CNBC, MSNBC
Burnet, like Erin-the-government-made money-on the-bailout-Burnet
A dickload I believe.
ORI
Awesome art
Hot damn. Didn't know Becky was that Quick!
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.
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/
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!
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
Speaking of deep capture. What you guys think about exploding tunnels around denver lately.
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.
they actually did mention it during closing bell, bless em (don't tell anyone I was watching)
Typo? You mean the 7th largest is CNBC right?
Hmm... another reason for them to put a positive spin on this, bitchez!
Is Bove on the list also for services rendered?
that's Bove's kneepad bill...
no he's too busy with BAC
Pay to say.
These days, it costs a million dollars to bribe a news station with zero credibility. Talk about inflation...
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.
....and to get the prez's ear, all it cost was a vicuna coat....simpler and cheaper times....
"They have no Idea !!!!!" Jim Cramer. Charity Financier. Invests primarily in gold.
ya gotta pay to play
Cuff 'em Danno
"It's not illegal, just immoral" -Barack Obama
He later added "Maybe"
Looks like MF Global is going to be another "Servicemaster" event
Market keeps grinding up with retail names leading.
"Like It Never Even Happened"
You can do better than that retard.
Looks like the market smells blood on Robo's account....
Rally since 09- "like it never really happened!"
I modded you up because that was funny.
hmmmm.... where's Steve LIESman..... hmmmm.... looks like Stevie might have put on this trade for CNBC?
Looks like LIESman got caught with his hand in the cookie jar!
Wow, getting access on CNBC is expensive.
Delicious! Couldn't happen to a bigger jerk!
was it a blow job?
Wanna play dominoes?
yeah .... whats next ?
:-)
€
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.
As far as Cramer is concerned, someone should put that gimp back in the hole:)
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.
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...
baaaaaaaaaawwwwwwwwwwww......... beautiful.............
CNBC has become the weather channel ...
Great analogy except for the forecasting...
And not nearly as attractive announcers.
Dam makes you wonder how much Buffet pays for Becky Quick.
Uh huh- that will be the last you hear of this on or from CNBC.....
OHHHHH now I get Dick Bovines pom pom waving appearance and why CNBC wont question a word about any of it!
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.
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'
Turn your sound off
Product placement is also advertisement, even if not by your definition.
Why so negative they could have wasted spent it on Fox in a Herman Cain/Smoking ad.
Primary dealer going down is bullish
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!!
MSM working for the banks? Please tell me it is not so. I just can't believe it!
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.
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.
Got to pay the "pump monkeys".
Jon Corzine ran New Jersey further into debt. So why would you let him run a company. To many questions not enough time.
Where is the SEC?
In this case I think you mean where is the FBI. I don't remember seeing overt advertising from MF on CNBC?
What's with Fox Redshield being owed 11k?
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.
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...
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...
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.
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.
How is this not conflict of interest and illegal?
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.
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.
In Soviet Amerika, the advisors pay for your opinion.
Who gets the Eurotoxics?
buahahahahahaha JPM and Deutsche buahahahahahahahhaha idiots
baahh away, sheep. JPM sold 92% of its unsecured debt well before the news today.
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!
Its all rigged...
The SEC and FINRA must be busy. Nothing to see here.
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
Santelli is the only one on CNBC that calls it as he sees it with no BS. The anti-Liesman...
Santelli is a jackass
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.....
I notice Goldie isn't on that list. They will be on the "who gets all the goodies" list.
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
Guys chill, Rock Center with Brian Williams debuts tonight, it's all good.
Another comedian:) Turns out that the only real news guy at NBC is ....wait for it.... the Rev Al Sharpton:)
This must be one of those "Soft Patches" they (CNBC/BS) like to talk about.
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.
So is that what they have over from the million dollar portfolio challenge? $850,00 in debt? Great job.
U.S. Steel still grinding up.
Citibank and Morgan Stanley filled the gap.
Now let's see what happens.
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.
Anyone really surprised?
That was to allow Jim Cramer out of his contract early to become Co-CEO of MF Global.
So MF Global received how much TARP money in the bailout? Not something you're likely to hear on CNBC.
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.
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.
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.
Short term top triggers, Dow Below 12K, SP breaks 1260.
Notice coming in at no. 16 ... Bloomberg Finance $276,000. Is this THE Bloomberg too?
This Corzine fella sounds like he would make a fine Treasury Secretary.
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).
How much do they owe Dick Bovine?
Hard to be objective when the Journalist and his Subject are doublefisting one another.
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.
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?
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.
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.
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.
"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?
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.
...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.
Why all the outrage? Just a simple infomercial...the price appears to be in line...
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.
...wow...so that info on Cain actually displaced Michael Jackson's doctor?????
The dumbing down of America is moving ahead very nicely...
Advertising and news - one of modern day's original conflicts of interest.
+1 Infotainment mashup.
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??
That's not fair. It is ONE hell of a comedy show. People love it.
So CNBC is not opinion it's paid pump, "who could have guessed" LMAO.
CNBC == paid fraudsters == no surprise.
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?