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Jon Corzine - Meet Bubba
The admission is here:
- MF Global Admits Using Client Money, AP Says
- MF exec. made the admission in phone call with regulators Monday morning
It's time to get some expert on the ex-MF Global head's mental state and to blame temporary insanity, otherwise, someone is going to be bunking with Bubba very shortly.
From AP:
A federal official says MF Global, the securities firm led by Jon Corzine, admitted to using clients' money as its financial troubles mounted.
An MF Global executive admitted that to federal regulators in a phone call early Monday after regulators discovered money missing from clients' accounts, according to an official familiar with the conversation.
The official spoke on condition of anonymity because he was not authorized to discuss a preliminary investigation by federal regulators.
Government rules require securities firms to keep clients' money and company money in separate accounts. Violating them could result in civil penalties.
MF Global, which filed for bankruptcy protection on Monday, faced a cash crunch following multibillion-dollar bets on European sovereign debt.
Corzine ran Goldman Sachs Group Inc., and later was governor of New Jersey.
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He deserves ThunderDome. Let Max Keiser in with him. That should be some fun TV.
Make sure there are flensing knives and giant wooden mallets and don't forget the chainsaw.
2 men enter, 1 man leaves
Wait. Am I the only one that read CIVIL PENALTIES and not criminal?
He can room with Phil Bennett, the old chief of Refco...another piece of waste.
This may be obvious, but no one is saying it. The PDs have been buying up shit treasuries, keeping them on the books for a while, then rolling them over to the fed and they have been paid billions to do this. This is a PD we are talking about here. They have been helping the Fed launder US money printing. Do you think Ben is surprised that these people have a tendency to take unwholesome liberties with other peoples' money? You need unwholesome people to do your dirty work in the first place.
And is this PD going to have a culture different from all the other ones?
They mock us. They think (no, know) that we are fools.
MY GOD. I know what it's going to take to resolve this. And if you get honest with yourself, you know too. The whole thing is rotten to the core and needs to be gutted. Holy Hell.
Yep
Corzine will end up serving exactly as much time as Ted Kennedy did for the Kopechne murder. Or Mozilo, Frank, Dodd, Gramm, Paulson, and all the other members of the club who got busted: zero. Prison is for the little people. The Banksters look after their own.
Although I haven't used it in a while (and just to be on the safe side) I tried wiring funds outta my commodity-trading acct at Drexel Burham today - no answer, phones appeared dead. wtf?
Anyone else having the same problem? tia
You put your cell mate's dick in.
You pull your cell mate's dick out.
You put your cell mate's dick in, and you wiggle all about.
You do the Hokey Pokey and you get your ass gapped out.
That's what it's all about!
The Bubba Pokey. Got it.
Or maybe just the "Pokey, Pokey."
The scary thought is what if it "is what it is all about"?
It's like writers actually try to make songs that kids don't have to be creative to change around to make something obscene... just like:
do your ears hang low
do they wobble to and fro
can you tie em in a knot
can you tie em in a bow
can you throw them over your shoulder
like a continental soldier
I mean... it's just begging to get the kids with no tact in trouble...
Do your balls hang low?
yet another scamster who made millions during the credit bubble who everyone thought was a "genius". Too dumb to even buckle his seat belt, what do you expect
time for Corzine to call his buddy Jim McGreevey and ask him, for tips on best way to take a large dick up the ass daily
Buy vaseline futures!
It is so odd that the Dodd-Frank bill didn't prevent future crisis.
Shocking.
It is amazing that the CFTC and SEC, with their new, expanded powers couldn't prevent this.
It is broken, morons. Fix it. Your fix is broken. Fix it.
Occupy Washington. The problem isn't the criminals, the problem is allowing the criminals (in this case, banker lobbyists) to write the regulations. The problem is Congress and their banker kneepads.
Lets breath some life back into Andrew Jackson and kick bankers back to the low paying, yet respectable position it used to be. Gosh I am not so old as to remember when being a VP of a bank didn't mean jack. You know, back in the days when real companies, invented real technologies, that created real jobs....ahhhhhhh...
The money is always "missing" isn't it? And what are the "civil penalties" for such things? A small fine and no admission of wrongdoing?
Something tells me the taxpayers will be paying for this one too.
Here's how this Corzine story will play out. The Solyndra Exec's already completed the dry run.
I plead the Fif
Corxine isn't going to prison. Thats why I'm headed to Occupy L.A. I want some of these assholes to start being brought to justice! Enough already!
Those who see Corzine in the slammer are dreaming......think about it, Democrat, liberal, politician, banker, fund raising chairman for "the one".......come on man!......he might pay a token fine, thats it! The rest of the "New Class" will badmouth him behind his back, but he'll still be welcome in the White House, and all the bes parties thrown by the social elite.
Quick, someone hand me a rogue trader to pin this on.
Planned, and staged?
Planned, and staged?