Update: Greek Crowd Now Amassed In Front Of US Embassy - Live Video

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
scatterbrains's picture

FTMFGLOBALW ?  Tyler does that mean Fuk the mo fo global banker wankers ? What is that ?

 

jdelano's picture

OT: um...philly manufacturing?  

Carl Spackler's picture

The speed limit on the road to insolvency is has just gone from 55 to 65.

First the protesters chant / riot.

Now, the Greek police are chanting at the protesters, while they fire tear gas?

Any bracelets on Corzine's wrists yet?

BaBaBouy's picture

And Corzyne Enjoying The Fine Life ...

 

With MF Global Money Still Lost, Suspicions Grow

 

Nearly three weeks after $600 million in customer money went missing from MF Global, the search for the cash has been hampered by the bankrupt brokerage firm's sloppy record-keeping, an increasingly worrisome situation that has left regulators frustrated and customers in the lurch.

The round-the-clock effort has consumed an alphabet soup of federal regulators and criminal investigators, with lawyers sleeping at open desks and each agency commandeering a different conference room at the firm's offices. But as authorities comb through some 38,000 customer accounts, they are growing more suspicious about what went wrong at MF Global, the commodities powerhouse once run by Jon S. Corzine, the former Democratic governor of New Jersey.

"The lost money is sort of like a lost child," said Bart Chilton, a Democratic member of the Commodity Futures Trading Commission. "Every day that passes is more and more concerning, and there's less and less hope."

At a bankruptcy hearing on Wednesday, a lawyer for the trustee overseeing the liquidation of the brokerage house would not speculate on the matter, acknowledging simply that the money was still missing.

After MF Global filed for bankruptcy in late October, hundreds of examiners descended on the firm's New York and Chicago offices. S

Nearly three weeks after $600 million in customer money went missing from MF Global, the search for the cash has been hampered by the bankrupt brokerage firm's sloppy record-keeping, an increasingly worrisome situation that has left regulators frustrated and customers in the lurch.

The round-the-clock effort has consumed an alphabet soup of federal regulators and criminal investigators, with lawyers sleeping at open desks and each agency commandeering a different conference room at the firm's offices. But as authorities comb through some 38,000 customer accounts, they are growing more suspicious about what went wrong at MF Global, the commodities powerhouse once run by Jon S. Corzine, the former Democratic governor of New Jersey.

"The lost money is sort of like a lost child," said Bart Chilton, a Democratic member of the Commodity Futures Trading Commission. "Every day that passes is more and more concerning, and there's less and less hope."

At a bankruptcy hearing on Wednesday, a lawyer for the trustee overseeing the liquidation of the brokerage house would not speculate on the matter, acknowledging simply that the money was still missing.

After MF Global filed for bankruptcy in late October, hundreds of examiners descended on the firm's New York and Chicago offices. Since then, they have been poring over records, verifying customer accounts and interrogating the skeleton staff that remains.

The C.F.T.C. is heading the search for the $600 million missing from the futures business, armed with at least 15 accounting and enforcement staff members on site in New York. The Securities and Exchange Commission is focusing on a separate MF Global unit, as workers report back to bosses in Washington in twice-daily conference calls. Federal prosecutors in New York and Chicago have issued subpoenas, according to one person with knowledge of the matter who spoke on the condition of anonymity.

http://finance.yahoo.com/news/mf-global-money-still-lost-115508872.html

 

MillionDollarBonus_'s picture

It is patently ridiculous to reject the consensus on the necessity of the IMF and EU by top politicians, economists and financial professionals. All of these leaders agree that the IMF and EU both not only necessary but essential for the fostering of prosperity, peace, equality and liberty throughout the world. If you're going to criticise a professional entity like the IMF, then you should at least have a PhD in economics or some experience in the financial services industry.

Husk-Erzulie's picture

Straight comedy is the most hilarious. :-)

TruthInSunshine's picture

Americans should drop ship every U.S. based top executive/agent of the Squid, JP Morgan & Federal Reserve 'Bank' (with red dots on painted on the members of the New York Branch) into Syntagma Square with a ginormous banner that reads (in Greek):

"At his best, man is the noblest of all animals; separated from law and justice he is the worst."

--Aristotle


"Hank 'Tanks In The Streets Any Moment Now' Paulson fleeced the globe & made Robber Barons of his friends while The Ben 'Broke All Markets' Bernank & Timmay continued the Ponzi & effectuated the final transfusions of global taxpayer blood into the Parasitic Corpse of the Kleptocracy.

 

Ira Thurby-Wright's picture

"Hank 'Tanks In The Streets Any Moment Now' Paulson fleeced the globe & made Robber Barons of his friends"

Hey, where is old pale-faced Paulson these days. Would I expect to find him in a corner office at GS or in the basement of the Fed? Or perhaps on a tax-haven island? I understand he burns easy.

entropos's picture

MDB; Every down arrow adds to your status as a world class troll. Keep up the good work!

PersonalResponsibility's picture

One day you'll slip up and your /sarc will be obviouse, then the jig will be up.

Ira Thurby-Wright's picture

"The lost money is sort of like a lost child"

I believe they make some sort of ankle bracelet to keep track of suspects, sort of like a suspect relative...

pasttense's picture

"with lawyers sleeping at open desks"

And naturally the bankruptcy administrator is being billed several hundred dollars per hour for each hour they are sleeping?

A Nanny Moose's picture

This guy needs to stay away from all book depositories, and Korean Air flights over Soviet Air Space. He needs a security detail testing his food and drinks.

 

macholatte's picture

Nigel Farage speaks truth to the EU.  Absolutely hilarious as usual!

 

Spot on. Thanks for the link.

It would be funny if not sooo tragic.

Ghordius's picture

"Nigel Farage speaks truth to the EU" ??

some is half-truth propaganda (nevertheless hilarious)

The Big Ching-aso's picture

 

 

I'll start to really pay attention when the souvlaki starts flying with metal skewers.

Ira Thurby-Wright's picture

"The speed limit on the road to insolvency is has just gone from 55 to 65"

 

No, no, that was back in 2009 that the speed limit got upped. We're now on the Autobahn, you see.

blueridgeviews's picture

I'm with you carl.  Why isn't Corzine bunking with Madoff? Better political connections?

Hansel's picture

EUROPE IS FIXED FOR THE MOTHER FUCKING GLOBAL WIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Oracle of Kypseli's picture

THE GREEKS APPEAR TO BE THE FIRST AGAIN TO BECOME FREE.

THIS IS A WAKE UP CALL TO ALL ITALIANS, PORTOGUESE, IRISH, AND SPANIARDS TO CONTINUE THE "NO PASARAN"

AS FOR YOU AMERICANS UNLESS YOU START SOON IT MAY BE TOO LATE.

VAMONOS

blueridgeviews's picture

Greeks free?  They are all slaves of the state. Take away the state and there's riioting in the streets. Similar things happen to drug addicts.

fonestar's picture

your shit's all retarded

Ira Thurby-Wright's picture

"Fuk the mo fo global banker wankers"

IMFUBAR - a new term, used in the trenches, when a trader realizes how much of his portfolio is risk diversified with CDS crap hinging on European and Chinese collapse.

aleph0's picture

" Europe is FIXED!!!! "

How very true ... as in rigged of course

 

 

 

Ropingdown's picture

"Europe is FIXED!!!"  as in "neutered."

Ahmeexnal's picture

As in...spayed and neutered.

GeneMarchbanks's picture

Meanwhile the OWS movement is all balls right?

krispkritter's picture

Berlusconi: Paid the Hootered...

AngryGerman's picture

Somebody please listen to them, please. For the love of god!!

sabra1's picture

i'm listening to the boobs, but i hear nothing! rioters making to much noise!

CrimsonAvenger's picture

Don't worry, they'll get just as much consideration as did the people protesting the start of the Iraq war.

CPL's picture

Nope...if you noticed the group behind them are packing.

 

Greeks are going for blood today.

Greater Fool's picture

Pace yourself, everyone. This party is just getting started.

alien-IQ's picture

fuck that...I got a designated driver. slice me another rail and fix me a shot.

fuu's picture

Gas masks and crash helmets bitchez. Get some!

fuu's picture

The are indeed a pain in the ass to accessorize with. Luckily everything goes with black.

PY-129-20's picture

Ah, this is a great business opportunity. Head over to Alibaba and order 200 Anti-riot suits. That'll be the next fashion trend for 2012! Don't miss it out as a watchful citizen. ;) (Attenzione: It's "Made in China" - so some parts could break during a real riot!) And order some EU flags that can be burned in public spaces... and to prove that we are no barbarians - we shall play the Egmont Ouverture!

I'll prefer to use my old and rusty Panther Panzer... - no, not to invade Poland (or some other stupid stuff), just the ECB building in Frankfurt. This may even get me a ZH news article (and afterwards a "chamber" in the mental asylum...)

For now, it is better to hide under a rock. Winter is coming. Foggy, grey, cold - dark days ahead and we're already surrounded - debt is everywhere, even within. And I saw a swan today, not a black one though...

PY-129-20's picture

But after Egmont - we should behave like real barbarians and play a good old nordic song to honour our ancestors

Husk-Erzulie's picture

Nice! The pipes, the pipes are callin'

Crash N. Burn's picture

"Head over to Alibaba and order 200 Anti-riot suits. That'll be the next fashion trend for 2012!"

 Occupiers should, given the states pechant for chemicals, get protection.

 

Beau Tox's picture

Anybody notice how all of the protests which incurred military intervention just 30 years ago are now handled by police or 'security' forces?

john39's picture

changing names doesn't change the substance... just sounds better on the TV.

alien-IQ's picture

yes but remember...Vietnam was a "police action" not a "war".

what's in a name but for the power to alter the perception of the passive observer?

xcehn's picture

Yes, the equivalent of today's 'humanitarian intervention.' War is such an unpleasant word to TPTB.