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Corzine in cuffs, please.
There once was a crook named John
He failed so badly in his biggest ever con
The lynch mob was mad
When they got ahold of the lad
Soon swinging from a tree on the lawn
Cuffs will do for now, Redpill.
Ask G-Pap, the mob doesn't usually go for half-measures.
I'd prefer he goes to bang-your-ass prison for a while before.
It will be interesting to see what happens to agriculturals now that the market is screwed. Should shoot, me thinks... until a new maker enters the market.
The TSA should place Corzine's passport on a watch list. If ever there was a flight risk, Corzine is one.
No, these guys are destroying more lives than a serial killer or mass murderer. They should face the same penalties.
which is why you should rotate cash from your brokerage account to your personal account, which is insured. I don't believe investment accounts are insured.
So if there's a market crash.. you can be sure your money is where it's suppose to be.
and if it's not really there, they can always print some more, eh.
which is the only way you'll get your money out if the bank is insolvent, which they all are...
I prefer head on a pike, preferably on a nice bridge somewhere.
A halberd may seem more fitting. In the meantime, we should start by removing the balls, and promptly feeding them, still warm.
Midieval is, midieval does
Rocky mountain oysters, never had them never will.
They advised the G20 and they invested Chinese government money. This is going to get interesting. Corzine needs to be put in jail right away, yet he won't. Instead getting 12.1 million. Simply outrageous.
Is this something we picked up from the chinese? Co Ming Ling.
I just knew they were behind this.....
I doubt it. Some congressperson will proclaim on tv that if he gets cuffed there'll be tanks in the street. Not to be confused with wanks in the street.
Talent like that must be retained for future generations.
Breaking News from Greece- Emergency Cabinet Meeting Called http://silverdoctors.blogspot.com/2011/11/papandreou-calls-emergency-greek.html
Hey, he had to govern New Jersey for four years. Hasn't he suffered enough?
Hmm, can anyone point out the difference in the names of these two scumbags Kwaku Adobol, Jon Corzine. Put all of them in jail.
Let them fail. Just don't ask for a bailout.
From what I understand, the commingling will play nicely into the GS and JPM of the world who might have lost money on this. If they can prove commingly, there will be a bail out by the government of anyone who lost money.
See...being stupid does pay.
"Do not confuse a money market mutual fund with an FDIC-insured money market deposit account"
"Increasingly, institutions are also offering consumers a broad array of investment products that are not deposits, such as mutual funds, annuities, life insurance policies, stocks and bonds. Unlike the traditional checking or savings account, however, these non-deposit investment products are not insured by the FDIC."
"The key point to remember when you contemplate purchasing mutual funds, stocks, bonds or other investment products, whether at a bank or elsewhere, is: Funds so invested are NOT deposits, and therefore are NOT insured by the FDIC - or any other agency of the federal government."
""Reports of short falls of client money ... if true would be a disaster for all the smaller brokers and banks as nobody will trust them anymore," one London trader said."
Perhaps the 'clients' are reconsidering physical PMs?
My first thought too.
eBay / 24hgold.com physical gold premium now at 10% to paper gold price. A little bit higher than normal. It IS an imperfect measure of physical / paper price, but there it is.
We have yet to see how deep the MF rabbit hole runs. Bernanke will hit the print afterburners as he watches Europe and U.S. pillars of financial ineptitude crumble.
The end is nigh. Who else are you going to pull down Johnny?
Well...Europe isn't just a distraction: remember, part of MF demise was that "higher" yield seek on sovereign debt, namely Italy.
I get the thesis: "no way does Italy go down. The ECB will print before that happesn." This of course is just a case of pre-mature reasoning and execution at best.
The question now becomes: Who else wants the career risk by buying Italian and Spanish bonds? Righty-O. Let the slaughter continue.
Confidence has all this rigged casino has had to work with over the past 2-1/2 years.
Now, that's gone. Out the window. And it might not come back for quite some time.
If HeliBen doesn't provide $1 trillion-plus in "economic stimulation" tomorrow...well, things might get ugly real soon-like.
MF Global = Black Swan
More like Brown Sparrow at the moment.
G.Pap is the one doing the swan (dive) impression.
I think Black Cygnet. Nobody knows what the Spawn of Corzine will grow up to be yet.
Bingo! I suspect that the Swan is hidden in the impending unwinding of this mess. 40-1 Leverage doesn't go gently into that good night.
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MF Global = Black Swan= LEAD SWAN,many more to follow.
commodity leverage distorting prices, leading to misallocation. worse, produces economic artificial famines for millions.
MF is one player among many.
This is a real catalyst for the next meltdown, not this G-Pap distraction, they spill all over the place at the moment.
"MF Global broke rules requiring it to keep clients' money and company funds in separate accounts, the head of the Chicago Mercantile exchange said Tuesday."
Looting customer accounts and cooking the books is Madoff and Enron combined. Good job Wall St! It creates the confidence I need to close my brokerage accounts.
They have all been cooking the books and skimming bonuses on the 'profits' , MF is just a bit more in your face and they can't hide it so well
Rules? We don't need no stinking rules!
Until Corzines peer group step up and demand he end up in an orange jump suit, afraid to bend over in the shower, NOTHING WILL CHANGE.
Paulsons coup at Goldman was in part due to the fact the Corizone was attempting an end run on his partners on an M&A prospect. He took unreasonable risks and was decitful then, and he got a $400m reward for that behavior (when GS went public). He went on the fail the state of NJ and then pulled this crap at MF global.
This morning Cramer was defefending him "he is not a hack". Actually that is exactly what he is: A HACK. But because he is a very rich and connected hack, nobody in his peer group will demand his head on his plate.
So we will go on paying lip service to "CONFIDENCE", but until people like Corzine are forced from the sytem, by the people IN they system, confidence will continue to erode, until one day it will be impossible to resurrect.
What if Corzine wasn't as stupid as people think? What if he did exactly what He was told to do. This could be the starting point in the next great collapse, and he got the ball rolling for us all.
any more rogue trader incidents out of other firms about to hit the news wires ya think ?
Awaiting the PD instructions manual
Counterparty Risk is the new STD, people will flee from it and prophylactic themselves with PM's
First cum, first serve.
200 year-old firm turned into dust by Grand Poobah Vampire Squid. Nice going Jon.
I'm thinking this may be his "karma" moment. He probaly has fucked over more people than a boatload of hookers, and never paid the price. Buys some European Sovereigns for diversity don't-ya-know and BAM!
I hope they put this fucktard in a hole and feed him nothing but lima beans and vegamite. When Karma comes looking for you Jon, you got a lot to answer for, and I'm afraid it isn't going to be pretty for you.
"He probaly has fucked over more people than a boatload of hookers"
Eight million people in NJ alone. Oh, wait, he only f'ed those who pay taxes... maybe four million.
"Trust but verify!!!" Oh fuck it, just trust.
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