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Joe Biden Advisor Jon Corzine Forced To Testify On Alleged MF Global Commingling And Client Account Theft

Tyler Durden's picture




 

Couldn't happen to a nicer advisor to Joe Biden

  • JON CORZINE SUBPOENAED BY HOUSE COMMITTEE
  • HOUSE AGRICULTURE VOTES TO ISSUE SUBPOENA IN WASHINGTON TODAY

Don't forget to get your popcorn out for next Thursday:

  • HOUSE AGRICULTURE COMMITTEE SETS DEC. 8 HEARING ON MF GLOBAL

Yup. Biden advisor.

And here is what Jon Corzine in Congress should look like:

 

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Fri, 12/02/2011 - 10:53 | 1938338 Biggvs
Fri, 12/02/2011 - 10:56 | 1938363 Vincent Vega
Vincent Vega's picture

Exactly. Perfect video. Just a dog-and-pony show for the sheeple to make it look like there are rules and regulations.

Fri, 12/02/2011 - 11:02 | 1938393 GeneMarchbanks
GeneMarchbanks's picture

I expect it'll be a boring event. I'll be watching none-the-less. Most people will...

Fri, 12/02/2011 - 11:10 | 1938438 dwdollar
dwdollar's picture

The fact he is making a public event means he's been able to cover his ass sufficiently. Otherwise, he'd be out of the country. Now it's just a circus to appease the masses.

Fri, 12/02/2011 - 11:24 | 1938501 Comay Mierda
Comay Mierda's picture

Drinking game. Shot for every time you hear:
I plead the fifth
I do not recall
I'll get back to you on that

Keg stand if you hear
I am doing gods work

Fri, 12/02/2011 - 11:39 | 1938573 MarketTruth
MarketTruth's picture

You forgot to add "A mistake of memory."

Fri, 12/02/2011 - 12:00 | 1938688 mrgneiss
Fri, 12/02/2011 - 12:00 | 1938628 mr_T
mr_T's picture

He'll do a Delorean 2 two step . 2 big to prosecute. Wanna bet? Modern day Robbing hood... steal from the rich ..give to the rich..

Fri, 12/02/2011 - 14:04 | 1939273 Bansters-in-my-...
Bansters-in-my- feces's picture

With all due respect GeneMarchbanks

I disagree with the "most people will" be watching comment.

"most people" have never even heard of Jon Corzine,at the very least,they would not know what he has done,and who is Daddy is.

Fri, 12/02/2011 - 11:38 | 1938571 Elwood P Suggins
Elwood P Suggins's picture

I'm sure he'll use the Sgt Schultz defense.

 

"I know nothing - NOTHING!!!!!!!!!!!!!!!"

Fri, 12/02/2011 - 13:38 | 1939158 Chupacabra-322
Chupacabra-322's picture

Fif?  I wonder what the bounty on this empty suit criminal is?  Priceless I'd bet, maybe even a freebe.

Fri, 12/02/2011 - 13:58 | 1939246 SheepHerder
SheepHerder's picture

Have him testify before New York's Occupy Wall Street.  In fact from here on out, anybody within the financial industry charged with criminal wrongdoing should testify before OWS before Congress.  If they make it past them, then they can testify before Congress. Let's start with God's little helper himself, Blankfein.  Next up The Bernank followed by Turbotax Timmy.

Fri, 12/02/2011 - 10:52 | 1938343 Stax Edwards
Stax Edwards's picture

They need to prosecute that scumbag, pronto.

Fri, 12/02/2011 - 11:52 | 1938639 SHEEPFUKKER
SHEEPFUKKER's picture

Scumbags prosecuting scumbags?  I'm skeptical. 

Fri, 12/02/2011 - 14:21 | 1939320 Bansters-in-my-...
Bansters-in-my- feces's picture

You can't prosecute if no charges have been laid.

You need a CHARGE ,to "prosecute".

So......

No evidence...(coug.. cough) I guess.

Off with his head.

Fri, 12/02/2011 - 10:53 | 1938346 GMadScientist
GMadScientist's picture

Fuck the subpoena, lemme know when they issue a bench warrant.

Fri, 12/02/2011 - 13:03 | 1939021 11b40
11b40's picture

A warrant is EXACTLY what is overdue for this prick.

He is responsible for the theft of over $1,000,000,000.

Think about that.  A thousand million $'s.

If you add up every dollar stolen by every criminal in every jail in America, it would not add up to this much.

Fri, 12/02/2011 - 13:49 | 1939211 rufusbird
rufusbird's picture

You steal a hundred dollars and you got a problem. You steal a billion dollars and THEY got a problem!

Fri, 12/02/2011 - 16:38 | 1939782 fnordfnordfnord
fnordfnordfnord's picture

...implying a dollar has value...

Fri, 12/02/2011 - 10:53 | 1938348 holdbuysell
holdbuysell's picture

Do not pass go...do not get fined a kajillion...go directly to PMITAP for life

PMITAP = Pound Me In The Ass Prison

Fri, 12/02/2011 - 10:55 | 1938352 GenX Investor
GenX Investor's picture

Prez pardon sez you?

Fri, 12/02/2011 - 10:56 | 1938359 CPL
CPL's picture

Wouldn't be the first time.

Fri, 12/02/2011 - 11:00 | 1938382 GeneMarchbanks
GeneMarchbanks's picture

Good-bye re-election bid. Barry is regretting that VP pick right about now.

Fri, 12/02/2011 - 11:04 | 1938408 I did it by Occident
I did it by Occident's picture

That's why Biden will announce his retirement right after the republican nomination.  Gives Barry a chance to re-calibrate his campaign.  Also, the DNC would almost certainly want that to happen as they want to line up a Dem VP that has a chance to win in 2016.

Fri, 12/02/2011 - 10:56 | 1938360 ouchtouch
ouchtouch's picture

He won't be testifying unless they grant him immunity, so save the popcorn.

Fri, 12/02/2011 - 13:34 | 1939132 chubbar
chubbar's picture

Can they grant him immunity against prosecution by individuals or for criminal actions? I'd be outraged if the senate could supercede and essentially squash my option to sue for fraud/malfeasance if I had lost money in that scam.

Fri, 12/02/2011 - 10:56 | 1938361 Hugh_Jorgan
Hugh_Jorgan's picture

Corzine is the "poster child" for the Wall Street Banksters. Where is the lame-strem media on this story. He should be getting lambasted daily. But, no, Corzine a Democrat and has ties the DNC machinery so we get deafening silence. The media is half our problem.

Fri, 12/02/2011 - 11:12 | 1938448 ghengis86
ghengis86's picture

the other half being the people who listen to the MSM

Fri, 12/02/2011 - 10:57 | 1938366 Cookie
Cookie's picture

Have they been able to find him to serve it though??

Fri, 12/02/2011 - 10:58 | 1938370 TheAkashicRecord
TheAkashicRecord's picture

OT

US Sells 21 Tons of Tear Gas to Egypt

http://tiny.cc/zpr5g

 

 

Fri, 12/02/2011 - 10:58 | 1938372 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

Where's the f'ing tar and feathers?  We should have never gotten rid of the stocks in the middle of the town square.  I want to throw rotten lettuce and other assorted vegetables.  I had money with that MF'er.

Fri, 12/02/2011 - 11:00 | 1938379 Dr. Engali
Dr. Engali's picture

I'm sure they will drag him over the coals and show the American people that theft and fraud won't be tolerated no matter who does it. I'm sure they will show the American people that the rule of law applies to everybody, no matter how dep their pockets are. Sorry I was just day dreaming. Business as usual take your 1.2 billion dollars Mr. Corzne and put it in your off shore accounts pay off the appropriate people and we will all look the other way.

Fri, 12/02/2011 - 11:00 | 1938383 midgetrannyporn
midgetrannyporn's picture

An advance transcript of Corzine's testimony before the house committee:

Who the fuck are you? I should remember you? What, you think you like me? You ain't like me motherfucker, you a punk. I've been with made people, connected people. Who've you been with? Chain snatching, jive-ass, maricon motherfuckers. Why don't you get out of here and go snatch a purse...

Fri, 12/02/2011 - 13:51 | 1939219 12ToothAssassin
12ToothAssassin's picture

+6468484

Fri, 12/02/2011 - 11:01 | 1938386 I did it by Occident
I did it by Occident's picture

Why the agriculture committee exactly? 

the most boring committee so as to keep the hearings low profile as possible.  No no, we can't have it in the finance/banking committee where it belongs.  We'll stick it on the Agriculture committee, that way, its on CSAN-3, no one watches that one. 

and they think we're stupid out here in the hinterlands.

 

Fri, 12/02/2011 - 11:03 | 1938399 jcaz
jcaz's picture

Great point-  naw, the finance/banking committee must be too busy......

Please.....

Fri, 12/02/2011 - 11:06 | 1938418 I did it by Occident
I did it by Occident's picture

Yep, Frank must be too busy for this, he has to get Maxine up to speed you know.

Fri, 12/02/2011 - 11:10 | 1938441 Mesquite
Mesquite's picture

Uh, Which Committee would Ron Paul be on..??

Just askin,,

Fri, 12/02/2011 - 11:22 | 1938487 I did it by Occident
I did it by Occident's picture

http://agriculture.house.gov/singlepages.aspx?NewsID=1222&LSBID=23|69&RBSUSDA=T

Ron Paul is not on the committee, so I assume no hard hitting questions will be heard.

 

 

Fri, 12/02/2011 - 11:21 | 1938482 Vergeltung
Vergeltung's picture

because they deal with the future's trading?

Fri, 12/02/2011 - 11:25 | 1938507 I did it by Occident
I did it by Occident's picture

maybe, that might be the only plausible reason. 

Fri, 12/02/2011 - 13:07 | 1939025 dwdollar
dwdollar's picture

A lot of people in the ag industry were fucked by MF Global. Since ag has a large organized lobby, it's no surprise to see some politicians pretending to do something. Obviously, the ag lobby is an ant compared to the banking lobby, so it's nothing more than a charade meant for appeasement.

Fri, 12/02/2011 - 11:32 | 1938542 i-dog
i-dog's picture

 
  "Why the agriculture committee exactly?"

They're expecting a load of bovine excrement to be offered up.

Fri, 12/02/2011 - 11:02 | 1938392 kralizec
kralizec's picture

Put manacles on that clown and perp-walk his thieving ass to the clink!

Fri, 12/02/2011 - 11:02 | 1938394 jcaz
jcaz's picture

LOL- just when Joe Biden couldn't look more stupid......

Fri, 12/02/2011 - 11:03 | 1938396 Sudden Debt
Sudden Debt's picture

a hearing.... SO WHAT? IT'S NOT LIKE JUSTICE WILL BE THERE! HE'S AT THE CAYMAN'S!

Fri, 12/02/2011 - 11:03 | 1938398 Dr. Engali
Dr. Engali's picture

Okay what the hell is a zynga and how is a company I've never heard of get valued at 9 billion dollars?

Fri, 12/02/2011 - 11:11 | 1938444 I did it by Occident
I did it by Occident's picture

they make timesink games for FB and social networks.  I don't understand, but apparently, people get the thrill of running their own virtual farms.  It's like the labor camps, but for the 21st century.  And it's worth $9B

Fri, 12/02/2011 - 11:27 | 1938516 flattrader
flattrader's picture

Good practice for the OccupyFarm movement when hyperinflation takes over and all the gold has been confiscated.

And all you folks sitting on 10 ac. or whatever, you DON'T have enough bullets, neighbors etc... if it gets this bad.

Fri, 12/02/2011 - 11:42 | 1938544 Contra_Man
Contra_Man's picture

Zenga is the next great thing IMHO!  Really, like X-mas day, I can't wait two weeks to get my hands on it, and roll around on it - maybe for years .... for this IPO could be the launch of a new legal tender, non-sovereign, non debt-laiden, non-bankrupt, global currency.   Some may call it the new SDR money-making machine,  allowing the global elite circumvention of AML rules, avoid currency repricing events,  and best yet, a new near-free, secure, and e-form of a new currency allowing global movements using a "common VIRTUAL unit of currency exchange".

Money Printing Machine Anyone?

Fri, 12/02/2011 - 11:25 | 1938469 SirPlayomic
SirPlayomic's picture

Zynga makes those facebook games that used to spam your facebook wall constantly (farmville, cityville, mafia wars). The games make money by offering lots of simple tasks for you to do that, for some people, can be quite addictive - an unthinking time-sink, much like the TV. They make money because they've got millions of users and some (very small %) users pay so they can seem better at the game than their friends.

Shameless plug - I make games too, but for the ZH type audience rather than soccer moms and teenagers that zynga targets - www.greedion.com

Fri, 12/02/2011 - 11:30 | 1938534 flattrader
flattrader's picture

Just freakin' hysterical.

How many of your players are based out of the Vampire Squid?  Has Goldman contacted you to use this in their training program?

Fri, 12/02/2011 - 11:37 | 1938556 SirPlayomic
SirPlayomic's picture

Ha Ha! They haven't yet, but a guy from the Morgue plays it. The End-Game is not finished yet, but it will involve player cartels establishing central bank activities in every capital city, with rival cartels trying to lower your central bank's standing in the media, so that the public revolts against you (pitch forks and flaming torches at the ready!). The game is to try and wake people up without preaching too hard. Zerohedge is linked in the forum as a major influence (which it is and will continue to be as the game develops). If it ever makes money, I'll run some banner ads here on ZH :)

Fri, 12/02/2011 - 11:42 | 1938596 flattrader
flattrader's picture

I hope you make a butt-load of money.  No joke.

Fri, 12/02/2011 - 11:44 | 1938602 SirPlayomic
SirPlayomic's picture

Thanks flattrader, maybe when I make the highly addictive facebook version (a la Zynga) :)

Fri, 12/02/2011 - 11:04 | 1938403 Steak
Steak's picture

One day Corzine will be behind bars (inshallah), and when he is, he will have a visceral understanding of this playlist's title:

Full Assed (a playlist): http://www.youtube.com/playlist?list=PLE0B9904C8D0B51A6

You all, however, will have a much more pleasant experience should you click the link and initiate bumpage :D

Fri, 12/02/2011 - 11:22 | 1938488 fuu
fuu's picture

<bump>

Fri, 12/02/2011 - 11:59 | 1938682 EhKnowKneeMass
EhKnowKneeMass's picture

Hey Steak, how's Marla doing? Tell her we all miss her. There are some articles here in ZH that 'reeks' of Marla, but it says TD as the contributor. Some old timers can recognize her from far off. Once you get Marla'd, you don't .....  Adios!

Fri, 12/02/2011 - 11:04 | 1938404 vegas
vegas's picture

A) How is it possible for Biden to look MORE stupid than he already is, and

B) expect the number 5 to be used often,

 

 

http://vegasxau.blogspot.com

Fri, 12/02/2011 - 11:07 | 1938427 MFL8240
MFL8240's picture

Biden anounced yesterday bthat he may run for President in 2016.  How is that for amazing?

Fri, 12/02/2011 - 11:06 | 1938419 MFL8240
MFL8240's picture

He can just do what Holder did and lie, its ok if your part of this communist regime and Corized is.

Fri, 12/02/2011 - 11:07 | 1938421 firstdivision
firstdivision's picture

I'm probably going to regret this come Monday, but I'm putting on shorts today (non-leveraged of course).  I'm going to ride it through this weekend.  See you guys on the otherside!

Fri, 12/02/2011 - 11:07 | 1938422 YesWeKahn
YesWeKahn's picture

"AGRICULTURE"?

Did he steal food?

Fri, 12/02/2011 - 11:12 | 1938447 GeneMarchbanks
GeneMarchbanks's picture

Agricultural commodity futures were impacted big time after the scandal broke. I recall hearing something about Australian farmers having trouble with the distortions. Probably happend to US farmers also.

Fri, 12/02/2011 - 11:23 | 1938497 Bastiat
Bastiat's picture

In order to finance planting, farmers hedge the sale of their crops -- ie. sell forward.  I know one who had $20K, sitting in an acct, no open positions, and it's gone.

Fri, 12/02/2011 - 11:59 | 1938681 flattrader
flattrader's picture

Got details???  Wgo was he/she using?

That's pretty damn scary.

Fri, 12/02/2011 - 11:07 | 1938426 sudzee
sudzee's picture

Biden is off to Greece. Ain't that a coincidence.

Fri, 12/02/2011 - 11:07 | 1938429 buffettwanab
buffettwanab's picture

John John and his pals screwed some pretty bad dudes and they

are going to extract some street justice, let the car, plane crashes,

begin!

Fri, 12/02/2011 - 11:08 | 1938432 bbbilly1326
bbbilly1326's picture

wtf, why the Agriculture Committee !!!

Fri, 12/02/2011 - 11:24 | 1938503 Bastiat
Bastiat's picture

In order to finance planting, farmers hedge the sale of their crops -- ie. sell forward.  I know one who had $20K, sitting in an acct, no open positions, and it's gone.

Fri, 12/02/2011 - 11:13 | 1938450 midgetrannyporn
midgetrannyporn's picture

Co-mingling? That's putting it nicely.

Fri, 12/02/2011 - 11:40 | 1938582 Urban Roman
Urban Roman's picture

Right, how can it be co-mingled when it's GONE???

"It didin't do too well, it's gone. Poof."

Fri, 12/02/2011 - 11:14 | 1938453 Peter K
Peter K's picture

Yea, such a nice guy. And wasn't he such a big supporter of our transformational young dynamic..... community organizer in chief?

Don't believe he or that nice Mr. Madoff did any of the stuff they claim they did :))))))

Fri, 12/02/2011 - 11:14 | 1938459 lolmao500
lolmao500's picture

Subponea Biden too.

Fri, 12/02/2011 - 11:18 | 1938472 The 100 Trillio...
The 100 Trillion Dollar Man's picture

All this financial wizardry is far too complex for the common man to understand. Someone of Corzine's standing should be tried by his peers: A jury of a dozen randomly selected GS Managing Directors should decide if he is not guilty or free to go.

/sarc

Fri, 12/02/2011 - 11:29 | 1938529 vipmoneymachine
vipmoneymachine's picture

He will show up and take a 5th, what are you going to do then ? Not a damn thing.

Fri, 12/02/2011 - 11:41 | 1938590 Seasmoke
Seasmoke's picture

Goldman CEO , Governor and Senator......Seriously, does anyone on the planet have his bases covered more than him ......he is in whatever club he decides he wants to be in that day

Fri, 12/02/2011 - 11:51 | 1938636 willien1derland
willien1derland's picture

Screw the SUBPOENAE why hasn't Corzine been ARRESTED?!!! - With the exception of Bernie Madoff's crime, go to ANY prison in the United States & add the dollar value of all prisoners arrested for theft & compare them to Corzine's $1-1.2 BILLION in unaccounted Client funds - the GUY IS A THIEF of EPIC PROPORTION - unfortunately, we are currently governed by a group of people who are unreasonably accommodative to the 1%, especially those who are associated with Wall St. Banksters...May he & those who allow Corzine & his pack of wolves to rot in HELL.

Fri, 12/02/2011 - 16:43 | 1939804 SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

screw jail, send him to the fucking chopping block

Fri, 12/02/2011 - 11:54 | 1938652 infinity8
infinity8's picture

Thanks ZH! Was having a rather shitty, cranky morning but that Chappelle bit snapped me out of it - fucking hilarious!

Fri, 12/02/2011 - 12:08 | 1938728 pepperspray
pepperspray's picture

JOHN WHAT DO YOU THINK WE SHOULD DO

Fri, 12/02/2011 - 12:21 | 1938775 slvrizgold
slvrizgold's picture

CRUCIFY HIM!!!   But not before whipping and scourging him.

Fri, 12/02/2011 - 12:29 | 1938837 chenn
chenn's picture

On CNBS this morning David Faber said (paraphrasing) "Regulatory agencies are rushing to create new regulations against co-mingling client funds with the companies funds.  Many people believe that regulation already exists but it does not."

Wait, What!?!?!?!?!

Many people believe that because it is what CNBS and every other news channel has said from the beginning.  Now you are saying that is not true.  I don't buy it.  Sounds like they are trying to cook up some methods to make it sound like Corzine wasn't "technically" in the wrong.

"Some animals are more equal then the others."

Fri, 12/02/2011 - 14:16 | 1939304 Bansters-in-my-...
Bansters-in-my- feces's picture

Multi Billion dollar theft,the guy that did it is still on the street with NO CHARGES laid ,even though ample proof of theft,and the where abouts of the perpetrator(?) (sp),and the Fucking "AGRICULTURAL Committee"is going to "subpoena" him,to appar before said committee.

The fucking "Agricultural Committee"......

Can you fucking believe this...???

Only in the fucking USA....

NO JUSTICE COMMITTEE,

NO FINANCIAL COMMITEE.....No charges

No Fraud COMMITTEE,....But a fucking agricultural committee......

This aint going to "grow" well,and they will not "turnup" anything.

"Grows" to show you....Crime pays.....

Fri, 12/02/2011 - 14:28 | 1939350 Bansters-in-my-...
Bansters-in-my- feces's picture

This all might just have been Joe Biden beeing nice and returning some advice ,after all the good advice ,Jon gave to Joe...

Joe.......

Was this your idea.......?

I know your reading this Joe,so.........

Joe..!!!!...I know your reading Zero Hedge.....

Answer me.....!!!!!!!Damn it......Answer me...!!!!!!!!

Fri, 12/02/2011 - 14:34 | 1939364 hangemhigh77
hangemhigh77's picture

Gee, if Hitler were alive and available Biden would have called HIM for advice.  Biden is SO stupid he could call a 4th grader for advice.  How is it that COMPLETE MAROOOOONS ascend to positions of power??  The dumber you are the higher you go.

Fri, 12/02/2011 - 16:04 | 1939620 navy62802
navy62802's picture

He'll flee to the United Arab Emerates (a nation with which the US doesn't have an extradition treaty), like Blackwater CEO Erik Prince.

Or he could always perish in a freak plane crash. Or have a sudden heart attack ... after all he is an older man.

At the end of the day, there is no way Corzine will be allowed to testify. It's that simple. He'd drag too many high level people down with him.

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