"The Honorable" Jon Corzine To Tesify On Thursday Over MF Global Collapse

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Tue, 12/06/2011 - 14:59 | 1951864 GeneMarchbanks
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Go ahead ask me a question?


Tue, 12/06/2011 - 15:01 | 1951880 redpill
redpill's picture

Betcha he calls in sick.

Tue, 12/06/2011 - 15:05 | 1951907 Careless Whisper
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The over/under on how many times Corzine Pleads The Fifth: 0

He may listen to his $900 per hour lawyers OR his ego may get the better of him.


Tue, 12/06/2011 - 15:07 | 1951921 redpill
redpill's picture

Remember he's a former politician.  He doesn't need to take the fifth, he'll just sit there and lie.


Tue, 12/06/2011 - 15:16 | 1951971 flacon
Tue, 12/06/2011 - 15:40 | 1952096 CClarity
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Just gotta say that Blankfein has been out of the public eye even longer.  I don't think there has been a sighting since mid summer.  Anyone see him since?

Tue, 12/06/2011 - 16:06 | 1952109 TruthInSunshine
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Retracted - Zero Hedge read my mind in advance - again.

Tue, 12/06/2011 - 16:17 | 1952308 Chupacabra-322
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You can "Bank" that you'll here this quote consistanly.  "I don't recall" 

Tue, 12/06/2011 - 16:18 | 1952317 Chupacabra-322
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You can "Bank" that you'll here this quote consistanly.  "I don't recall" 

Tue, 12/06/2011 - 19:00 | 1952951 In Fed We Trust
In Fed We Trust's picture

Or maybe he pulls a Kenneth Lay

"i dont seem to recall" was hus answer to every question.

Or maybe he pulls a DICK Cheney

"it isnt an accounting issue but an issue of the complexity of the system why we are unable to locate 2.3trillion dollars as announced the day after 911.

God damn mother fuckers.

Maybe the super dufice committee should locate
That 2.3 trillion instead of balancing the budget.

Tue, 12/06/2011 - 19:05 | 1952966 In Fed We Trust
In Fed We Trust's picture

Between the theft of 2.3 trillion by Dick face Cheney and the soon after bailouts by Bush brings the tab to 5 trillion in a matter of a couple of years whick pushed that national debt to 15 trillion.

Its as if they arr purposely trying to bankrupt us!

I think we all know where that 2.3 trillion dollars went.

To finance a fairytale about terrorists and pay non jews to keep their mouths shut.

Tue, 12/06/2011 - 19:12 | 1952982 In Fed We Trust
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Dick face Cheney explains how they stole the loot.

Tue, 12/06/2011 - 19:16 | 1952988 In Fed We Trust
In Fed We Trust's picture

Dick face Cheney slips and says flight 93 was shoot down.

So many lies ti keep track of it happens.


Wed, 12/07/2011 - 00:11 | 1953716 Kiwi Pete
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Or maybe a Bill Clinton. "I did not have sexual relations with that client money."

Tue, 12/06/2011 - 19:15 | 1952984 YBNguy
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Nope, instead he'll threaten to out other congresscritters for their past/present foul plays al la M. Waters and B. Frank. They will promptly dismiss him and go back to business as usual (fleecing the taxpayers to get their dicks hard/panties moist, oh and to continue lining their pockets).

Tue, 12/06/2011 - 15:14 | 1951957 MsCreant
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I am inspired. Let's all get together on the 8th, each with a "fifth" of whatever we like, and drink a shot every time someone at the hearing says "the fifth."

Are you with me?

Tue, 12/06/2011 - 15:22 | 1952000 centerline
centerline's picture

Not sure my liver could take that kind of abuse.  LOL.

Tue, 12/06/2011 - 15:29 | 1952035 BanksterSlayer
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Why wait until Dec. 08? I am starting now, as I read down these comments.

Tue, 12/06/2011 - 15:29 | 1952039 Stax Edwards
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That would most certainly be fatal.

Tue, 12/06/2011 - 16:11 | 1952217 Pitchman
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Re. MsCreant:

MGet Drunk!  The vertigo you are now feeling is only the quickening of the Republic going down the drain.

We've posted a few pieces warning of the path that led us to this point.

See: Setting the Trap

The following are quotes from separate articles:

- "Even The Oracle of Omaha has pointed it out.  There is a war going on.  A class war and you are loosing."

- "When it comes to Financial Terrorism; lack of action by those constitutionally sworn to protect the people is the equivalent of active participation at most and passive complicity at least, both of which are acts of treason."

- "The Minions and their enforcers will face a future they are incapable of fathoming."

- "It is all about control and it is time for the American People to Wake up. These people are not acting to protect us. This is the veil to hide their efforts to Centralize Control."

- "Sociopaths are always drawn to positions of power and control, which correlates well with our stunning lack of leadership.  But, this is not a crisis of leadership.  It is a societal and Constitutional crisis.  For it is with our consent; a self serving, Two Party Oligarchy has taken the seat of power..."



- "It may seem crazy but could it be just a mater of time before some Joystick cowboy in Nevada starts taking out Americans right here in the good old USA?"


Tue, 12/06/2011 - 17:52 | 1952801 Jena
Jena's picture

I suspect it will take at least a couple of fifths.  What the hell, I'm in.

MsC: "and drink a shot every time someone at the hearing says "the fifth."

Tue, 12/06/2011 - 20:50 | 1953249 Mauibrad
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@Careless, my guess on the number of times Corzine pleads the Fif before the Congressmen quit asking questions = 5

Tue, 12/06/2011 - 15:05 | 1951911 GeneMarchbanks
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If by 'sick' you mean Presidential pardon, then yes.

Tue, 12/06/2011 - 15:29 | 1952033 hedgeless_horseman
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Corzine will need to get in line for a pardon behind Blago.

The impeached state executive-turned-reality TV star has good reason to feel anxious at the two-day hearing. He faces the prospect of 10 or more years behind bars. If Zagel settles on a sentence of more than a decade, that would make it one of the stiffest penalties imposed for corruption in a state with a long history of crooked politics.


Prosecutors want the twice-elected governor sentenced to 15 to 20 years, arguing that he has not only shirked all responsibility for his crimes but repeatedly thumbed his nose at the U.S. justice system.


...Blagojevich was doing what politicians do — seeking campaign contributions, not "money stuffed into envelopes."


Tue, 12/06/2011 - 15:49 | 1952129 Freddie
Freddie's picture

Bill Clinton's "firm" was getting $50,000 a month at the end of the MF Worldwide looting.  When will Democrat Bill Clinton be called to testify.  Corzine, Clinton and the muslim - All Democrats,

Tue, 12/06/2011 - 17:32 | 1952731 MsCreant
MsCreant's picture

People have called you out on falling into the two party trap before, you do not come back around to comment.

Are you saying the Repulicans are not responsible for any of this at all?

Or are you a shill?

Or are you a sleepy sheepy drinking his cool aide every dayz?

Democrits make me sick, but so do repugs.

Tue, 12/06/2011 - 17:53 | 1952793 Boxed Merlot
Boxed Merlot's picture

Personally I'm in favor of a two party system in that when a candidate gets elected with less than 50% as Perot caused, the majority of voters are not being represented by the office holder.


But that aside, I do find it odd that ZH has not reported more on Teneo and Corzine's contract with the firm.  From Teneo's website:


Teneo Strategy's core advisory services include:

Corporate and Financial Communications
Messaging to internal and external audiences (including investors, analysts, employees, and media); brand management

Special Situations Communications
Communications related to M&A transactions, IPOs, bankruptcies & restructurings, change management and other unique situations

Investor Relations
Program development and implementation, earnings preparation, financial calendar management and shareholder analysis

Crisis Management
Communications in times of crisis, planning/readiness, risk mapping and response strategies

Government Affairs
Advice on legislative and political developments, and government relations strategies


It also seems odd that the wheels came off the bus right around the time MFG decided to end Teneo's contract.

Tue, 12/06/2011 - 22:55 | 1953523 TheFourthStooge-ing
TheFourthStooge-ing's picture

MsCreant, I think little freddie is just having a difficult time coming to terms with his crush on Obama.


Tue, 12/06/2011 - 15:09 | 1951930 TruthInSunshine
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It's reported that both Lloyd Blankfein, and more importantly, Jamie Dimon (there's a new squid in town, bigger than the last errand firm of the Red Shield), were caught kissing Corzine on both cheeks, while Dimon is alleged to have gripped Corzine's cheeks tightly, while pulling his face close to his own and telling him that "you broke my heart, John."

Let's see what transpires.



Tue, 12/06/2011 - 20:21 | 1953169 Gohn Galt
Gohn Galt's picture

He don't need no fif.

Everybody lies to congress, so no big deal.  Plus wasn't there another law passed that exempts themselves, friends and family from every possible law on the planet?

Tue, 12/06/2011 - 20:36 | 1953214 Chuck Walla
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"I'm takin' the nickel"  

- Jonnie "Bags" Corzine

Tue, 12/06/2011 - 22:12 | 1953432 Buck Johnson
Buck Johnson's picture

He most definitely will plead the fifth.  Because there is no reason for what happen to happen unless it was done on purpose, you don't accidently remove 1.5 billion if not more from accounts that are customers.  You had to get authorization and the person who could do it would be Corzine.  Everyone else would know that they where looking at prison time by just doing it.  Also Corzine would fear anything he said would be used against him so he will plead.

Tue, 12/06/2011 - 15:00 | 1951873 slaughterer
slaughterer's picture

Levin accomplished an important consciousness-raising exercise.

Let's get the grilling going on Corzine--I want to see him squirm before being sentenced to prison.

Tue, 12/06/2011 - 15:00 | 1951875 Deadpool
Deadpool's picture

take the 5th.

Tue, 12/06/2011 - 15:02 | 1951878 hedgeless_horseman
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"I know nothing."

Tue, 12/06/2011 - 15:05 | 1951909 CvlDobd
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30 days in da coola Corzine!

Probably about all he gets, if that.

Tue, 12/06/2011 - 15:19 | 1951987 TruthInSunshine
TruthInSunshine's picture

Goldman Sachs (after banking tens of billions in profits from the Timberwolf/Hudson/Abacus scam) only paid a 550 million USD fine, Mozilo paid a fine, JPM has paid fines (for clearly felonious criminal behavior), Greenberg, well...look at him, Dick Fuld, Hank Paulson (Profit!)...etc. etc. etc.

Even an hour of jail time would be unconscionable, no matter what the proof shows regarding what may be criminal conspiracy and acts, given historical precedent.

Tue, 12/06/2011 - 15:31 | 1952049 Caviar Emptor
Caviar Emptor's picture

There should be no need to jail any WS bankers because, after all, why should they want to harm the US financial system? 

We have come full circle in treating our wealthy citizens as the British once treated their aristocrats: The word of an English gentleman was all that was required as proof of good intention in most cases. All judges were Lords and gave the benefit of doubt to their peers. Many legal entanglements were settled at the palace in secret with a whispered word in the right ear. 


Tue, 12/06/2011 - 15:27 | 1952023 karzai_luver
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I expect him to burst into uncontrollable tears about 2 minutes into his open statement (after detailing his great service to the country) and then keel over and be carried out in a "coma".



Tue, 12/06/2011 - 15:01 | 1951881 Irish66
Irish66's picture

accident in route, no show

Tue, 12/06/2011 - 15:22 | 1952004 TheMerryPrankster
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if Corzine's lips should loosen and he began to talk of things forbidden, he should avoid air travel altogether. Especially small planes and helicopters, they fall from the sky more frequently when the spooks are interested.


Tue, 12/06/2011 - 15:01 | 1951882 Schmuck Raker
Schmuck Raker's picture

Remarkable timing. Nothing else going on that day that might distract one, is there?

Tue, 12/06/2011 - 15:01 | 1951883 Seasmoke
Seasmoke's picture

dont forget all the money he raised for Comrade Obama

Tue, 12/06/2011 - 15:40 | 1952097 ReallySparky
ReallySparky's picture

Dennninger is reporting over at market ticker that ole Johnny had hired William J Clintons organization for 60k a month to "work" on his image.  This is all so f*cked.

Tue, 12/06/2011 - 15:01 | 1951884 JLee2027
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The Honorable, lol. A title slated to go down in History as one who is a corrupt insider and a thief.

Tue, 12/06/2011 - 15:11 | 1951945 iDealMeat
iDealMeat's picture

And the Nobel Peace Prize  = War Pig

Tue, 12/06/2011 - 15:24 | 1952012 TheMerryPrankster
TheMerryPrankster's picture

That must have been an Ironic Nobel Prize?

Who knew the comittee had such a wry sense of humor?

Tue, 12/06/2011 - 15:31 | 1952051 karzai_luver
karzai_luver's picture

Uh. they renamed the award the NoeBell Piece Fries.

Odumbo couldn't tell the diff.


Tue, 12/06/2011 - 15:03 | 1951891 Dr. Engali
Dr. Engali's picture

I'm sure he will get the public tongue lashing then join them all for cocktails afterwards. All the worlds' a stage......

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