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"The Honorable" Jon Corzine To Tesify On Thursday Over MF Global Collapse
It's official - the man who has been more invisible in the past month than Slimer the friendly ghost, aka former Goldman and MF Global (and let's not forget New Jersey) CEO "The Honorable" Jon Corzine, is now officially on the Thursday, December 8 docket, of witnesses to tesitfy at the House Agirculture Committee hearing examining the MF Global bankruptcy. In what could be the most popular televized hearing out of Congress since Carl "Shitty Deal" Levin went to town on Lloyd and Vini, the entire world will be watching with baited breath first whether Corzine will even appear, at which point things get tricky of the Obama administration, best known recently for using Corzine as a distinguished financial advisor, and secondly, his explanation of just how it is that buying Italian bonds in zany off-balance sheet schemes while commingling billions of client funds to mask capital deficiency is legal.
Examination of MF Global bankruptcy
Date and Time
December 8, 2011 |
09:30 AM
Location
1300 Longworth House Office Building, Washington, D.C.
Description
Thursday, December 8, 2011 – 9:30 a.m.
1300 Longworth House Office Building
Washington, D.C.
Full Committee on Agriculture -- Public Hearing
RE: Examination of MF Global bankruptcy.
- The Honorable Jill Sommers,
Commissioner, Commodity Futures Trading Commission, Washington, D.C. - Mr. James Kobak,
Lead Counsel for the Trustee for the Liquidation of MF Global Inc., New York, New York - The Honorable Jon Corzine,
Former CEO, MF Global Inc., New York, New York - Mr. John Fletcher,
General Manager, Central Missouri AGRIService LLC, on behalf of the National Grain and Feed Association, Marshall, Missouri - Mr. Terrence Duffy,
Executive Chairman, CME Group, Inc., Chicago, Illinois - Mr. William J. Brodsky,
Chairman and CEO, Chicago Board Options Exchange, Chicago, Illinois - Mr. Dan Roth,
President and CEO, National Futures Association, Chicago, Illinois - Mr. Stephen Luparello,
Vice Chairman, Financial Industry Regulatory Authority, Washington, D.C. - Mr. Gerry Corcoran,
Chairman and CEO, R.J. O’Brien & Associates, on behalf of the Commodity Markets Council, Chicago, Illinois
Panel 1
Panel 2
Panel 3
Those wondering what the hearing will almost certainly sound like, here is a preview:
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Go ahead ask me a question?
Fif!
Betcha he calls in sick.
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.
Remember he's a former politician. He doesn't need to take the fifth, he'll just sit there and lie.
From PulseScan72:
BREAKING NEWS - MF GLOBAL
http://www.youtube.com/watch?v=nG3LHprwKl0
http://www.youtube.com/watch?v=n1SgjSW1-AI
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?
Retracted - Zero Hedge read my mind in advance - again.
You can "Bank" that you'll here this quote consistanly. "I don't recall"
You can "Bank" that you'll here this quote consistanly. "I don't recall"
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.
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.
http://m.youtube.com/index?desktop_uri=%2F&gl=US#/watch?v=_rRqeJcuK-A
Dick face Cheney explains how they stole the loot.
Dick face Cheney slips and says flight 93 was shoot down.
So many lies ti keep track of it happens.
http://m.youtube.com/index?desktop_uri=%2F&gl=US#/watch?v=NNuosBnlw5s
Or maybe a Bill Clinton. "I did not have sexual relations with that client money."
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).
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?
Not sure my liver could take that kind of abuse. LOL.
Why wait until Dec. 08? I am starting now, as I read down these comments.
That would most certainly be fatal.
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..."
- "TO FREE OURSELVES, RESTORE FREE MARKET CAPITALISM AND REESTABLISH OUR CONSTITUTIONAL REPUBLIC, WE MUST FIRST ELIMINATE THE MOST PERNICIOUS CORRUPTING FORCE OF ALL.
END THE FED!"
- "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?"
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."
@Careless, my guess on the number of times Corzine pleads the Fif before the Congressmen quit asking questions = 5
If by 'sick' you mean Presidential pardon, then yes.
Corzine will need to get in line for a pardon behind Blago.
http://news.yahoo.com/crime-punishment-awaits-ex-gov-blagojevich-080730605.html
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,
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.
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.
MsCreant, I think little freddie is just having a difficult time coming to terms with his crush on Obama.
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.
#JohnCorzineEqualsFormerSquidCEOgovernorSenatorAspiringPOTUScandidateCurrentObamaBundler
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?
"I'm takin' the nickel"
- Jonnie "Bags" Corzine
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.
http://www.youtube.com/watch?v=4CzocBkrWpA
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.
take the 5th.
"I know nothing."
30 days in da coola Corzine!
Probably about all he gets, if that.
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.
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.
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".
accident in route, no show
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.
Remarkable timing. Nothing else going on that day that might distract one, is there?
dont forget all the money he raised for Comrade Obama
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.
The Honorable, lol. A title slated to go down in History as one who is a corrupt insider and a thief.
And the Nobel Peace Prize = War Pig
That must have been an Ironic Nobel Prize?
Who knew the comittee had such a wry sense of humor?
Uh. they renamed the award the NoeBell Piece Fries.
Odumbo couldn't tell the diff.
I'm sure he will get the public tongue lashing then join them all for cocktails afterwards. All the worlds' a stage......
Honest Question:
Aside from the shady-as-fuck missing client money thing (which I'm assuming is a whole different lawsuit), what exactly is this hearing for?
Companies go under from bad management all the time. What makes MF Global unique?
I guess the fact that the whole financial system is based on confidence and trust ( what little ther is left) that somebody isn't going to get away with stealing every penny in your account means nothing. No reason at all to hold any hearings.
Dr
Actually when you consider the criminals who will be conducting the hearing you are probably correct.
Only if one of them got stung would they maybe dig a bit.
Companies go under for bad management, which dissolves the equity of the company. Bad product, bad marketing, etc? You lose what you and other equity-holders put at risk. Here we've got a firm that is a steward of assets that aren't "the company's." They are supposed to earn money by facilitating beneficial use of others' funds; i.e., most of the money warehoused on MF Global's books was NOT THEIRS. So they in fact confiscated OTHERS' money, quite illegally, and put at risk that which was not theirs to put at risk. IT'S REALLY PRETTY DISGUSTING...DON'T YOU THINK??????
The legal term is "Conversion", but they use commingle because it sounds more "nice".
Well, the hearing is being held by the Agriculture Committee, so this is obviously going to be about commodity futures. I'm sure there were many farmers who got burned by this firm and the subsequent handling of the bankruptcy.
The commodity exchange needs the confidence of farmers so they can slowly bleed them dry . MFG went for the jugular. Today Bloomturd ran a PR piece on regaining the confidence farmers after the massive fraud at MFG . Note to farmers Bloomturd is not your friend they mock you behind your back.
A few of these congressmen were probably engaged in insider trading with MF Global accounts and are curious WTF happened to their money. Jon boy will handle it, You f*cked up, you trusted us.
Need to add Mr.Gerald Celente to this show....that would be fun....what's up with the Honorable for Corzine as well...hide the silver spoons!
I'm hoping Bobby Knight was a client and he gets some face time to question "the honorable."
Wouldn't surprise me if this guy decided to take an old fashioned Wall Street leap on or about Wednesday evening.
He's an insider. Other people pay for your mistakes when you are in insider. Expect an unknown, unbelievable, incredible, suicide of a key witness or whistle blower.
That would certainly spice things up a bit. Or did you mean "leap", I can never tell?
Of course he did, now that you say it. I missed that part.
Or perhaps he'll off himself with three to the back of his head.
Why would a billionaire with a get-out-of-jail-free card take that leap?
Corzine is a "made man" with the Washington Mafia. If he turns up dead it will be because the capo di tutti capi put a contract out on him.
if this guy is 'honorable', then i'm a motherfucking ARCHANGEL, bitchez!
He will have to take the Fif. Too bad Spencer Bachus isn't on the Ag Committee. That would be fun to watch. Two uncomfortable frauds pondering what it would be like to leave the halls of Congress for a Federal pen.
So when you take client funds and place bets with it and win, you share the winnings, riiiiight?
Heads I win, tails you lose!
That's the way it works with AIG and GM, why not brokerage clients?
It's just a formality Jon. Just answer like we rehearsed it - "I don't recall" and "My attorney has advised me to exercise my rights under the fifth amendment". We'll have you out of there in time for happy hour at the club.
He is rehearsing with the experienced one, Bernanke, as we speak.
Hey dudes, you're going to need really good anti-perspirant.
Ben always forgets, don't he?
They're gonna need that security escort they were plannin' for when KSM was to be tried in NYC.
Too bad a 'bullet-proof' vest doesn't cover more...
I wonder if Corzine has seen this movie:
http://www.imdb.com/title/tt0086356/
The only reason I would watch this is if Corzine was going to enter in an orange jump suit with shiny ankle and leg bracelets. That would be worth something. Otherwise, another show and no tell time from the perpetual kindergarten class of US Officialdom.
Wonder if Gerald Celente will show up to heckle him?
Dear God, why did Chappelle have to leave us?
At least he's still alive and only had a nervous breakdown. Maybe he'll return to the screen if he ever runs out of money.
Roger that. But, if there was ever a time we could use more of his humor...
Carl didnt exactly go to town on Lloyd and vin, probably more like dinner on the town after the hearings. Michigan sure has flourished under his 6, so very stale, terms.
the farce continues
Hey Jon, you should have looked at my presentation on the European Financial Crisis summarrized for the attention deprived!!!!!
Here is my attempt at summarizing the European Debt Crisis in ONE MINUTE!!!!!!!! For presentation tonight at George Mason University.
Economic Minute Presentation on the European Financial Crisis - Low GDP Growth, Staggering Debt, Geithner On The Prowl In Europe!
http://confoundedinterest.wordpress.com
Corzine: "Gentlemen, the sort of business I was in is far, far beyond your level of comprehension. Suffice it to say I was involved in saving the capitalist system. It was a sad sad day when MF Global, a defender of freedom around the world, was allowed to go under. Clearly the regulators were asleep at the switch once again. I blame it on Congress and big government. Thank you for your attention, I have a plane revving on the runway"
No doubt all ZHers will be watching if only we could throw rotten vegetables at him.
I vote for frozen rutabagas.......
They won't learn anything from this shitbag. I agree that he'll be pleading the 5th and/or "not recalling".
I don't have TV anymore anyway...and glad of it.
considering the empty suits on that committee, watching the test pattern will be more interesting.
Oh fuck me. I popped in as quick as I could to post a link to the Chapelle "5th" skit only to find Tyler already had it. Oh well.
You guys said it all already....Jon says nothing..
An excellent article today on Financial Sense website----an interview with Ann Barnhardt on how Corzine used MF Global to steal billions $ and why he will get away with it (hint---he contributes heavily to a certain Kenyan ). Ann knocks it out of the park.
Yes, and here's the audio interview:
http://www.netcastdaily.com/broadcast/fsn2011-1201-1.mp3
With bated breath, John cannot abate the committee's baiting breaths.
So we all know what these Vegetables, "Agricultural Committee" is going to " turnip,they are all peas in the same pod.
No "Financial Service Committee " in the USSA,
Ya ,I thought so.
The Ag Committee. LMAO.
Good place for the hearing: farmer's sell forward production to finance planting. You think Celente is hot? He just acts out more. These farmers are really pissed off--they are slow to anger and they don't forget. They will continue to be all over their elected congress critters.
If there were a fight between every farmer in the usa and j. corzine I would not be betting on the hayseeds.
Although if the American farmer goes on strike, LOOK THE FUCK OUT WORLD>
I do remember the NJ Farm Bureau holding out hope for Corzine right before he took office. They felt he would remenber his roots, having grown up in rural Illinois, and all... Right. The parts of NJ that had real, live plants growing in them got it good and hard.
that's interesting...my origins are in NJ, love the summer tomatoes and blueberries and strawberries, that sandy soil is best in the country for those...please explain, what did the NJ farmers hold out for, preference? NJ economy is driven largely by big pharma, specialty chemicals (via the roots of Standard Oil, to my knowledge), and Port Elizabeth / Turnpike commerce. And if I remember correctly the "squid" (my first time using the word) has HQ right in Jersey City and they built it during Corzine's tenure as gov. It interests me what support he drew from NJ ag community, can you elaborate?
(Reuters) - For the first time in 25 years, Minnesota farmer Dean Tofteland has missed his deadline to buy seed for next spring's corn and soybean crops.
With $200,000 of his money yet to be returned from the accounts of MF Global, his former broker, the 49-year-old farmer has missed a $5,000 discount for early buyers, and is watching friends and neighbors snap up the best varieties of seeds."
Food, you can't eat it . . . if it's never planted.
. . . . and you think Celente is pissed off?
Holy hell, more of this is coming to industries near me and you. This really has just begun, WOW!
Corzine and his associate criminals will find some flunky to take the rap.
So an ex-Goldman Sachs CEO is testifying at a commitee of the Goldman Sachs owned Congress... I'd love this guy to go down as much as the next man (perhaps not as much as Gerald Celente wants), but it's not gonna happen. He'll get his comeuppance eventually, not in some cozy hearing, but on the streets once the SHTF.
www.greedion.com
"baited" breath??! It's "BATED" breath!
This may assist you in remembering:
Sally, having swallowed cheese,
Directs down holes the scented breeze,
Enticing thus with baited breath
Nice mice to an untimely death.
lol dude look closely ^...
Actually, Corzine is a Clintonista. With out an further adue, I bring you Rush:
http://www.rushlimbaugh.com/daily/2011/12/06/clinton_cashed_in_on_corzin...
One of the facilitators who is responsible for the William Jefferson Clinton Presidential Library and Massage Parlor:)
Who would have ever thought stealing on Wall Street is illegal?
It's not stealing if the victims were tricked instead of forced. Then they're just a patsy, outwitted by a smart guy. See?
Not even a dog and pony show? Waiting for some poor clerk to be slapped with fraud charges. Maybe the justice department destroys the records and the ivestigation dead-ends.
He will excrete fecal matter as truth. Congress will interpet the feces as being good for the country. Most will accept they will have to to suck it to continue business as usual.
Until we see a perp walk of Corzine in an orange suit along with hundreds of other top frausters nothing has changed.
This is just another political dog and pony show that has abolutely no teeth to penalize anyone. Meantime, new found billions are being used to buy up 3rd world assets and prime farm ground for a select group.
It's about the food bitches, cause the masses won't be eating gold. This is a commodities heist as farmers get pushed into the sell out pit.
I gotta love the new banners on ZH for the US Farmers Ranchers Alliance.......................little Monsanto and the rest of the gang.
Click dem banners boys! Run up their tab to Tyler..........and hey, they got comment site as well.........hummmmm.
I'm not here to talk about the past.
I wondered why this falls under the ag committee... Bueller? Bueller? Anyone? Anyone?
The Ag Com is headed by OK rep Frank Lucas. Here's a clip of him - maybe to help some smarter-than-me people analyze what we might expect.
http://www.youtube.com/watch?v=y574XyCBBZo&feature=player_embedded#!
Unfortunately, except for the unicorns-shitting-skittles-next-to-rivers-of-hopium world can we expect any of these stealing bastards will be punished by the other stealing bastards.
Here's a maybe more appropo clip of Lucas questioning Geither on the gubaments toxic-asset purchase plan:
http://www.youtube.com/watch?v=RGnlp8_AJeQ&feature=endscreen&NR=1
He seems to be pretty friendly imo. At one point seems to offer him an answer, and throughout encourages his lies.
The game is rigged - against us!
no one wants to flip the apple cart.. they just want to slow it down.. so when their guy gets in they can print at full speed and thusly become the Hero's who saved the day and World all at the same time!
I would not look for a lot of drama even if Jon shows up from anyone.
Jon covered the Koch Brothers $7 - $8 Billion.. before the ship sank.
There is no red v blue or blue v red.. there is us and them.. and none of us want to live like them.. therefore we all will allow bullshit to continue going forward until the whole pressure cooker blows up!
and then.. we will be rid of all these sheep who suck away precious resources so that we and ours may have use of the resources longer.
call it a spring cleaning, a needed spring cleaning..
and if you don’t like it.. give up your Ferrari and buy an electric car and start protesting.. we will add your name to the list!
If I give up my falcon it will be for a global! Fuck the sheep
This might be why, I wonder if this is the iceberg tip for liquidity for agriculture in America. I tell you what, if he / squid has fucked with food supply liquidity, don't forget that America is a global bread basket, it's a whole lot of shitstorm globally and that is a black fuckin swan with a yeast infection. as we all know it was foodstuff price inflation aka hunger that triggered the so-called Arab Spring in N. Africa ... just speculatin' on the conspiracy here, don't mind me...
http://online.wsj.com/article/SB1000142405297020408320457707851219556939...
Jon is just miss-understood, he meant well and if he would have been a month (or two) later.. he would have profited handsomely! from the Euro bailout to save the World / 1%!
He would have been a Hero next week, if only!
Timing is everything, especially in a World of Squeeze Plays! Sorry Gold Futures Holders!
This guy is the worst kind of Wall St slimebag. I actually prefer Blankfein who makes no bones about the fact that he'd probably sell his own mother for the right price.
Corzine on the other hand had the warm and fuzzy beard, and acted like he was morally superior when in fact he was just another amoral, greedy, money-grubbing passenger on the Wall St-Washington Blowjob express.
#KillTheWhales&SealsButLeaveJohnCorzineAlone
Tyler, please send the committee a list of questions, so we can be sure the rights ones are asked.
I saw the tail of a helicopter headed towards Corzine's house. Maybe they will get him watching tv before burial at sea? You don't mess with a marine's MF account.
"Obama Administration." Yeah, show us that Corzine/MF Global/Goldman Sachs NEVER gave money to a Republican or to lobbyists visiting Republicans on Capitol Hill, then we can agree on using the term "Obama Administration. Otherwise your error is known as a glittering generality.
I agree with you. Both parties have been hijacked by the highest bidder. Paulson was a Goldmanite who pulled the "collapse card" to steal nearly a trillion dollars under Bush (who knows how much more under the table bailout money was added to that). Obama is simply the newest tackling dummy/punching bag/enabler.
ONLY the Tea Party is as pure as the wind driven snow:) And that's a fact Jack:)))))
Do you start calling someone 'Honorable' after their senior management tenure at Goldman? Ya know, god's work and all.
I am picturing "My Cousin Vinny" with Gerald Celente playing the Joe Pesci role.
I'll explain it. It is called math.
Sorry I had to edit my post. I forgot Oswald was innocent.
Does anyone else feel like this hearing is gonna be the best financial porn since Lloyd's congress hearing? I mean, it'll be really interesting to study Corzine's facial expressions and body language. These guys are good liars but they always give it away through non-verbal cues. I will watch this one for sure.
MF Global is such an important situation because it takes the fraud of 2007 (Lehman/Bear) and antes up. They have seized retail client funds and JP Morgan (a creditor) is making sure that it gets paid before the retail clients do. We all know there will be no money left once JP Morgan has collected its share. This means this firm gambled with client money without client knowledge or approval. It's the sign of a sinister aspect of society that values everything in terms of money. Their world is spent obsessing over money and how to get more of it. It was inevitable that this culture would brig us to a point where people cut any corner to try to make more and more money.
There is no more blatant action than the MF Global fiasco to prove that client money is not safe in these brokerage houses. They are all levered to the nth degree and when they become illiquid retail client funds will be seized. I guess I'll have to pay the 10% penalty and remove money from my IRA. I am lazy and want to believe that my IRA is safe but that's the lazy delusional in me. The rational me knows better. Let the fireworks begin.
If he doesn't leave in cuffs the whole committee should be taken out in cuffs.
There aren't enough cuffs or jail cells to hold every political-business fraudster that has made over $1Million on a sly deal since 2008.
I hope the HAC isn't too hard on the little fellow. He has the right to make a living after all.
Hey, is it really true Corzine is a strawman for Obama in a bunch of high dollar deals from heaven?
Tyler - I'm curious.
How do you type the words "honourable" and "Corzine" in the same sentence without your fingers seizing up? Mine hurt just typing the question.
Tyler - I'm curious.
How do you type the words "honorable" and "Corzine" in the same sentence without your fingers seizing up? Mine hurt just typing the question.
Obama's returning Corzine's donations:
http://www.bloomberg.com/news/2011-12-23/obama-returns-70-000-in-corzine-donations.html