This page has been archived and commenting is disabled.
MF Global Client Theft Estimate Doubled To $1.5 Billion?
Even as we hear rumblings that the MF fire is spreading, and the associated auditor of the now infamous former Primary Dealer is about to get in serious hot water, the bankrupt company itself continues to dig itself an ever deeper grave. Because according to a just filed motion by the MF Global liquidating trustee, it seems that the gross criminal activity by the company may have been orders of magnitude bigger than anyone has expected. To wit: "As a result of the apparent segregation violations and the suspension of clearing privileges, more than 150,000 customer accounts essentially were frozen on October 31, 2011, of which more than 50,000 accounts were regulated commodities customer accounts. The CME estimates that MFGI’s current segregated funds requirement is approximately $5.45 billion. Moreover, the total amount of MFGI customer segregated funds on deposit at the CME is approximately $2.5 billion, and the clearing-level segregated collateral is approximately $1.5 billion or approximately 60 percent of the MFGI customer segregated funds on deposit at the CME." Doing some quick inverse addition and we get a (w)hole of $5.45 less $2.5 less $1.5 or $1.45 billion. In other words, the theft by MF Global was not stealing hunderds of millions form its customers: it has stolen a whopping $1.5 billion! For those confused, this is not a rogue loss of $1.5 billion, something which was enough to send UBS' Kweku to prison. This is outright theft resulting from illegally commingled accounts. Our only question is will $1.5 billion in theft be enough for the first real perp walk of an Obama-friendly Wall Street executive?
And here is Reuters with a revised lowball. Remember this number was supposed to be zero earlier today.
MF Global had a $633 million
shortfall in its customer segregated funds as of Nov. 1, according to an
estimate the CME Group provided to the U.S. futures regulator.
That amounted to an 11.6 percent deficiency.
In the letter dated Nov. 2, the Commodity Futures Trading Commission
said the CME has identified futures commission merchants (FCMs) willing
to accept transfer of MF Global customer segregated account positions of
retail and institutional customers.
The futures regulator also
said that CME anticipates that MF Global customer segregated account
positions will be transferred to two or more of five identified clearing
members.
MF Global, which filed for bankruptcy protection on
Monday, is the biggest U.S. casualty of Europe's debt crisis, and the
seventh-largest bankruptcy by assets in U.S. history.
When all is said and done, the shortfall will be well over a billion.
h/t Doug
»
- 31739 reads
- Printer-friendly version
- Send to friend
- advertisements -
Just the side-effects of using Corzine.
May include nausea, vomiting, diarrhea, constipation, increased appetite, anorexia, sleep disturbances including but not limited to: insomnia, hypersomnolence, night drinking/driving/gambling/sex; also depression, manic behavior, increased risk of suicide, erectile disfunction and possible death. Limit your use of alcohol and other mood altering substances while taking Corzine. Do not operate heavy machinery until you are sure of the effects of Corzine. Do not contact the SEC if you experience any Corzine-linked dysfunction: We Don't Care and We Don't Want To Know.
Corzine Extended Release now available in suppository form.
Corzine Extended Release only available in suppository form.
There, fixed it for ya.
Need a picture on that suppository (size of a basketball)
Very funny!
don't forget the jimmy-leg and sudden-onset homicidal tendencies.
The people can relax the money is to be used for Barry O'Bummer re-election.
... Is there any part of this 'system' that isn't fraudulant and corrupt to the core? Time for some hanging.
I'm still feeling physically sick from listening to Ben 'Shalom, just another Jewish monetary scam like all the others in history' Bernanke.
'... Is there any part of this 'system' that isn't fraudulant and corrupt to the core?'
Yes. The raping is very real.
why blame a religion? can't it just be a dumbass kenysian college professor with no real world experience or does it have to be the people Abraham cut the foreskin off of with a rock?
If you can't see the obvious agenda by looking at the people who hold 'positions of power' at key institutions, then you need to become more familiar with mathematical probablity.
Remind me, why the USA donates more monies to Israel than any other country? They must be really poor and needy over there.
John Mack isn't jewish, Stan O'Neil isn't, Dick Fuld, Ken Lewis, aren't. Ken Lay wasn't jewish, Lenny Dystra isn't jewish, the Catholic chuch isn't jewish, Stalin, Mao, Nazis (supposedly) ain't jews...the history of the world is full of scams run by all types of people. Jews get a bad rap. People rip off people.
stalin and other top russian communists most certainly were, of the crypto variety.
Mere peanuts compared to what Warburg set up.
pods
People do rip people off... but a statistical analysis of heritage, distribution and "occupation" might be telling.
I can tell you I've been ripped off by a veritable United Nations of thieves. Just sayin'.
I hear you re being ripped off by whomever. Such a statistical analysis WOULD be very interesting.
It's about time that some of the upper echelon Ivy League preppy Wasps, who happily hide behind their co-workers, get called out and sent up the river. Ever notice how few of them, except for white females whose skirts they hide behind, ever do hard time?
We'll the rothchilds are jews yes, most major people in the banking/financial sector; a shit load of dumb ass academics (and some smartass ones too) are jews...but so were those who died in the gas chambers who had morein common with a zero hedger who works hard, supports himself, and stacks bullion, than a financier...so while there is certainly a massively powerful group that pushes jews to the top and seeks to exploit others, I wouldn't say all jews are in on it by a long shot
They should have taken the rock to Bernanks SKULL at his bris!
we still would have have Nixon, FDR, and Ponzi. none Jews.
It is literally unreal. When you think about the bank crime wave of 2005-2009, and then you ponder all the insider trading...some of which is coming to light these days...and then you ponder MF Global taking $1.5 billion...you literally have to shake your head.
Especially on this day, this FED announcement day. And you think about Ben Bernanke promising bankers that the FED stands by and has the tools...and you then realize that his tool is the printing press associated with the green backs in your wallet...the ones you are forking out in greater and greater amounts to eat and put gas in your car.
And the answer is, of course, there is NO part of the US banking system that does not have a criminal at the helm, and there will be NO economic recovery as long as these guys remain in their stations...bleeding average Joe dry.
Capital will not form in banks as corrupt as ours, which is why, of course, Ben has to keep threatening to use his tool.
Who are the clients? Is it J6P et al, or is it Hedgies, etc?
Turd was one...Mother Fuckers bought his broker, Lind-Waldock
I thought Turd bought physical gold and silver. I guess Corzine shat all over Turd.
shitted
beshatofisterized
Learn your language or shush yourself.
ps. the actual past tense of shit is shat. The cat shat the bed.
NOT shitted which is the vulgar ignorant moron American Saxon
FUcktard third worlder simplified way of past tensing our most beautiful Celtic Briton Cum Latin
tongue which I shall remind you Shakespeare himself composed in, the most
gifted linguist since CHRIST you motherfucking MORONS.
GET THE FUCK OUT OF AMERICA IF YOU
CANNOT SPEAK THE ENGLISH LANGUAGE WITH GRACE AND POWER
I thought that was why americans are thought of as stupid by the British; they can't speak the language with grace and power...
I was watching a soccer match on TV. The play by play guy was English. A Mexican got into a fight with a Brazilian on the field and the Englishman said "We got a couple of South Americans going at it out there!" I'm just a stupid American and even I caught that mistake!
I give Mob a green arrow for his passion even though it appears he's been partaking in excessive amounts of fermented liquid malted Barley.
beshatofisterized
Learn your language or shush yourself.
ps. the actual past tense of shit is shat. The cat shat the bed.
NOT shitted which is the vulgar ignorant moron American Saxon
FUcktard third worlder simplified way of past tensing our most beautiful Celtic Briton Cum Latin
tongue which I shall remind you Shakespeare himself composed in, the most
gifted linguist since CHRIST you motherfucking MORONS.
GET THE FUCK OUT OF AMERICA IF YOU
CANNOT SPEAK THE ENGLISH LANGUAGE WITH GRACE AND POWER
Oh yeah... and what about all the other banks that are probably in the same position and likely doing the same things? If Krugman says he's afraid of bank runs, it's not too early.
"I would suggest you panic"
Jail time? Fuggedaboutit.
Double bonuses for everyone!
And just who is the lucky auditor?
Edit: PricewaterhouseCoopers, FTW!
Allegedly, they aren't liable though.
http://newsandinsight.thomsonreuters.com/Legal/News/ViewNews.aspx?id=314...
MF Global will definitely see a perp walk. Climate much more defiant and angry than in 2008. People were scared then. They're pissed now and the pols are starting to get that glimmer.
Separate topic, EU and EZ hardballing GreeK PM don't get it. He holds the aces. He can let Greece go bk and back on Drachma, and out of EZ. EU and EZ then actually will have to deal with Portugal and Italy, and it's off to hell for them all.
In the legal industry it is well known that the Justice dept is without funding necessary to take all this on... prosecuting big dogs is not cheap, the gov won't put the necessary money into it.
DOJ needs to prove that they will go after people who can afford $16 muffins.
And gold toilet seats to eat them on.
considering the lion's share of crimes are beyond the paygrades of government workers, I'd say there are some other prohibitive factors too...
Even state regulators and securities guys who are competent enough to handle this stuff (and they do exist) are hogtied by the feds at the first chance... ultimately, the issues are pawned off on the feds and they go back to sitting on their hands. Not that they have a choice about it.
Of course, even if you have the proper investigative staff, you'll still need a prosecuting attorney that can muddle through a securities case... good luck with that shit.
In poker, there is a general strategy of forcing your opponents to make the hard decisions/skillful plays... It would seem this lesson hasn't been lost on many in the biz. Of course, blind aggression is always met, eventually, with a quick call.
The cost of prosecution may be high, but just look at how much not prosecuting costs us all.
Nope! They will do a settlement!! The message is: *Anything* goes as long as the government gets a cut of the loot!!!
Oh yeah... and what about all the other banks that are probably in the same position and likely doing the same things? If Krugman says he's afraid of bank runs, it's not too early.
"I would suggest you panic"
All true but the money was returned to the regulated accounts. No "real" losses to those customers so the infraction will be minimized.
I guess bank robbery is ok then??
So if I steal, place a winning bet at the track and then put the $$ back all is forgiven?
I like your business model. What's your IPO going for?
What do you know?
You have just perfectly described TARP.
Ok Ok...so it looks bad..I get it. But, the attorney for the company assured the Court that all the funds are there. I mean no lawyer would make a representation like that in open court if they did not know for certain the money is there...right?....right???
unless their client lied to them. Ask the CFO, they always know. (p.s. Skilling doing time?)
hence "to the best of my knowledge"
Perp walk?
Jail time?
Nah! They'll just make him give some talks to college freshmen about ethics and morality and stuff.
Catered lunch with the University President and a whore in his room, but a $500 one instead of the high end variety.
Isn't that enough punishment for someone like Corzine? The poor boy...
$500? He deserves the $10 variety you find on Admiral Wilson Boulevard.
Philly boy knows where to find the cheap ho's.
Got to spread the love/dosh around the entire 99%. Down twinkles!
"enough for the first real perp walk of an Obama-friendly Wall Street executive?"
Break out the invisible perp walk leash.
http://ansblog.com/wp-content/uploads/2010/04/invisible_dogs_06.jpg
My God. First the online poker guys, and now this. What next? Will we find out that the big banks we all look up to & are a source of such pride to us all are a bunch of crooks too??
So now when someone at MF Global wins the Powerball drawing tonight --- there will be over 150,000 families demanding their fair share.
He'll never survive to testify about anything. He is in poor health. They have just been keeping it secret. Any strain - a walk in the park - a session in his hot tub could prove fatal.
This is good for the market, frozen accounts mean no selling. He might get an award from Obama
No, Obama is fine, Bernanke is fine. In this country, the words accountability, theft, counterfeiting, criminality have long disappeared. Only cheerleading, greenshoots, 0 interest rate, deflation, transitory remained.
50,000 commodities trader accounts? Maybe there is a God.
Really. Right, maybe that's why I made money today. Keep em frozen for another month
I wonder if Los Zetas did any business through MFG, I mean who's to say the all of the creditors will just sit back and wait for their 10 cents on the dollar.
Fire up the jet engines Jeeves, I want to go visit my winter homes in those non-extradition paradises I love so much.
If there's no jail time the bullets will start flying. Obviously that's the only way anything will get done.
Yeah, our Bunker Hill is waiting in the wings.
I am guessing that it is probably an Excel error....#DIV/0!
Corzine only needs to donate to NAACP and AIPAC ... it's all good.
If I were Chris Christie, a deeper delve into N.J. pension funds seems appropriate!
Why have we not heard from Corzine? Because he is guilty.
Why has Corzine not been arrested? Because he is connected.
Why have Corzine's assets not been attached? Because he needs time to put things away.
If this matter involved j6p there would not even be bail available.
With little people they arrest first and ask questions later.
True .. With elite you are innocent even if you're guilty.. The underlings, you are guilty even if your innocent
RICO's a bitch my friends
Yep, I loved the comments that "Corzine doesn't seem to ACT like he's guilty";
Yeah, sociopaths are good at that....
And why has Europe dragged out their mess for so long? Because they've needed time to put their things away too.
Your honor, my client didn't know the meaning of co-mingling.
Oh ok then.. Not guilty.
Where in the world is Jon Corzine?
On a more serious note Corzine is a serious democratic operative who has raised millions for Obama. Will Obama give it back?
In one night, Corzine raises $2.5 million for Obama and Dem National Committee
By Max Pizarro | April 29th, 2011 - 9:25am
Former Gov. John Corzine on Wednesday night raked in $2,506,000 for President Barack Obama at a fundraiser Corzine had for the President at his Fifth Avenue Manhattan address.
Democratic fundraiser Michael Kempner and Corzine confidante Orin Kramer co-chaired the event for Obama, which was one of three same-night New York fundraisers for the president, who's up for re-election in 2012.
This was a $35,800-per-head mixer, which 70 people attended, according to Kempner.
The same team staged smaller fundraisers later in the evening, first at the Wilshire and then at the 40/40 Club.
Thanks Lizzy. Keep up the good work. I do pay attention.
What if Corzine used customer accounts to make "donations" on behalf of his clients. And what if Obama knew and promised Corzine that no prosecution would result? Just theoretically you understand.
the money is in the bank of israel............
breaking news:
corzine has just been appointed Assistant US Atty. Gen., bunko & financial fraud division
at the press conference he announced he was taking the Oath Of OJ and will not rest until he gets to the bottom of this!
I'd worry more about Mitt Romney's money. It's even dirtier.
http://dailycaller.com/2011/11/02/cain-gets-testy-with-reporters-asking-about-sexual-harassment-allegations/
the mark of cain , gets testy with reporters when asked about past allegations of sexual harrassment ...........can't a brutha catch a break? what's a brutha to do?
That's it High Plains...get the spotlight off your Democrat operative. Heck why not even blame Cain for the MF Global fiasco...we know you want to.
Any of those frozen accounts coverred by SIPC,Gov or CME?
I have a bud whos' account is over there and he's quite nervous.
Any thoughts?
Yes, you should be nervous for / with him. Is he willing to accept a haircut?
No That's why they're supposed to be segregated. Tough luck time.
People Used to Go To Jail for This Shit.
We'll see.....
the numbers just keep getting bigger..
yield on a 1 year Greek bond hit a high of 233% today, before retreating a bit..
to 300 and beyond...!!!!
G20 just announced that ALL AID TO GREECE IS CUT till the referendum...
And Greek PM told that if Greece votes NO that means that Greece will go bankrupt.
The body was dead two years ago.
The joke is they dragged out the funeral for this long.
Europe seems to enjoy wallowing in chaos instead of moving forward.
That does involve "unpopular" decisions sometimes I guess, but NO DECISION is worse.
The Greeks are just working it for all they can get.
Boot their asses from the EU, take the loss, and DON"T LOAN THEM SHIT.
Let them apply for charity instead of running a scam.
Running a scam?
Where does one end and another start?
Isn't it all one big scam?
should be interesting...
pressure on greece ahead of g20
"a greek government spokesman confirmed on wednesday that the referendum would only ask the public to vote for or against the bailout package, and would not ask about greece's membership of the euro."
Good. Same thing.
http://www.youtube.com/watch?v=H61vfng6Hrs&feature=player_embedded
sabotage time! A more effective route for Europe would be just to boot..
And this from a primary dealer... holy fuck
WTF ???? Is this guy for real?
Surely it's a typo... Should read : More fun.
See it , for what it is. Monetary expansion. printing more EUROS.
Yesterday: $700M
Today: $1.5B
Tomorrow: (insert exponential monetary figure here)
Distant future: Jon Corzine CEO of (insert name of large financial hedge fund or Primary Dealer here)
Yep- good rule of thumb is to triple whatever the first number that comes out is, pretty much been a great fit....
Look sweetie, my dink is 5" long!
He'll prob be: 1) next CEO of GE, 2) a Buffett company or 3) bailed out automaker. With a sweet golden parachute when he screws that up. In the meantime he'll raise funds for Occupy Wall Street and get some photo ops with actors.
Watch it through - from the 90's to the 60's to the now...
http://www.youtube.com/watch?v=cKKHSAE1gIs
Sad thing is... in about three years, the shock of billions will have the same impact as millions to Gen X.
RALPH!! How is this possible. Accounting Dept in the the P.I. ?
This is more proof if any is required that if you have your money held anywhere except your own pocket you are at risk of a complete, uninsured loss. Fact.
And your pocket is vulnerable to being picked, of course. But at least you'll have a shot at catching the mo-fo in the act and optionally killing him on the spot. These high-flying white-collar mo-fos, not so much. These fookers won't see the inside of a courthouse evar. And even a tiny bit of that $1.5B will buy them a lot of protection in Cancun, Mexico.
Everyone here on Zero Hedge knows the banks are screwed and bankrupt - so why on earth would you entrust any sizeable amount of money to them? Doesn't matter if they out right steal it, or the Greek CDS's come calling and it is gone - the end is the same - you are wiped out.
I am having less and less pity for anyone caught standing in line at the FDIC office - get your money out and into hard assets - that protects you and your family and also as an added bonus starves the beast -
I am refinancing the other day and they wanted a list of my "assets" - I said I have $9k in a 401(k) - she said is that it? yup - that's it, that's all that is on the grid - its time to stack and get the hell out of the banks -
...but...but...but....they were a primary dealer.
With 13 US employees.
And connections to the biggest political heavy-weights in the land.
Who lost $1.5billion of other people's money.
I thought Hedge Funds were the ones where you got taken to the cleaners by small outfits of sharks? I'm having trouble keeping up.
Where can I get some Corzine bonds now? I'm going to split them into Corzine strips and zeros that I can sell you
Do Greek bond yields go down if Jon Corzine joins the Greek government?
CDS: Corzine Default Swap
Why do i get the funny feeling that a flood of "liquidation only" PM orders will hit sunday night?
The trade that collapsed the House of Corzine. Stupidity, greed and hubris.
http://www.cnbc.com/id/45132384
A billion here, a billion there, and pretty soon you're talking about real money.
I can only hope Corzine is practicing walking with chains on his legs.
****************
on a side note of totally non-shameless promotion, if it interests you, visit my new gold blog
http://vegasxau.blogspot.com
****************
resume normal activity
We need some ep/euro overlays going into Europe Tyler. I saw a slight copper bounce, nothing more than a " dead cat" , shish-kabob>
This segment is generalized. I'm going to mention usd/jpy. I stopped out of my trade last night. I was trading a r/r of 2 to 1.
Risk/reward. I think the 78 barrier is a joke. Greed is not in my name, and I'll catch it on it's way to (80). I just want my 27 pips back.
I would be paying more attention to the test of eur/chf, or the necklines of aud/usd & eur/usd.
In america the bank robs you
I kinda doubt Corzine will see the inside of a prison cell, or if he does, it will be brief.
PRESIDENTIAL CLEMENCY
Auditor??? There was an auditor?!?!? Another rumor, I bet....
fixed: "MF Global Client [Alleged] Theft Estimate Doubled To $1.5 Billion?"as in:The Alleged European Financial Stability Facility
or: Allegedly Free Market
He will get a presidential pardon for services rendered.
I want to know how it all ties back to Obama and crew. Perhaps Trump should hire one of his super secret private eyes to investigate the connections. Something tells me lil' O is in this mess up to his eyeballs.
There is no dem or rep when there's billions to be made. It's all a part of the show. Come on...wake up. It's all bought and paid for...and you're still pretending someone there is actually operating according to some principles..lol.
Corzine:
Wrist slap.
Low fine.
Retire in gated community (No. not jail)
"Why Steal less, when you can Steal more."
Wall Street Mantra nowadays.
No worries, none of these upstanding businessmen will see one day of time in The Slammer. They were only "using good business judgment."
I think 2.5 billion lashes of public Caning , would be fair for the theft. !
Those pesky service fees add up quick.
Comedy:
Bernanke Visits His Psychiatrist
Call me crazy, but I think once the system crashes into the deepest economic depression in Human history things like "fractional reserve banking" may be outlawed and "electronic money" should be considered an abomination.
You are crazy!
Happy now?
1%'ers stealing from other 1%'ers..
This should get interesting...
don corzine!
BoA, Northern Trust (wanabees)... sarc(:
ya gotta love the ironies in cme's cya press release:
http://cmegroup.mediaroom.com/index.php?s=43&item=3202&pagetemplate=article
in which they claim that "the results of our review indicated that MF Global was in compliance with its segregation requirements."
while also complaining that: "It now appears that the firm made subsequent transfers of customer segregated funds in a manner that may have been designed to avoid detection insofar as MF Global did not disclose or report such transfers to the CFTC or CME until early morning on Monday, October 31, 2011."
but not to worry, if you're an mf global customer, because: "CME fully discharged its auditing procedures in accordance with applicable procedures and standards and is working with regulators and authorities to investigate these transfers."
and, drumroll please here's my favorite piece of irony--their official cme pr bullet at the end of the release:
"As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk."
yeah, right.
tell that to mf global's clients--it will make them feel much better....
Yep, fuck CME Group. TOTALLY trying to pass the buck and avoid responsibility for missing funds. Chicago style all the way.
It sure is easier to ignore these things when they happen to some poor 3rd world nation isn't it?
Welcome to the club mf clients!
'It is criminal to steal a purse, daring to steal a fortune, a mark of greatness to steal a crown. The blame diminishes as the guilt increases.'
http://www.youtube.com/watch?v=5Qck-QSA_i0&feature=related
BOOM!! I knew this was going to happen.
It could have been an honest mistake. The guy in charge was Governor of New Jersey and used to be in charge of Goldman Sachs and is now chief advisor to Obama's fund raising efforts for 2012. He wouldn't do anything deliberately wrong. (Sarc.)
Have a jovial late Halloween. http://www.thedailybeast.com/articles/2011/08/23/lloyd-blankfein-why-gol...
From Bloomberg:
"The collapse of MF Global Holdings Ltd. shows that regulators “just didn’t do the job,” according to former Securities and Exchange Commission Chairman Arthur Levitt.
The Commodity Futures Trading Commission “should have been aware of the leverage taking place” at MF Global, “something that was widely known on the street,” Levitt said today in a radio interview on Bloomberg Surveillance with Ken Prewitt and Tom Keene.MF Global and its Chairman and Chief Executive Officer Jon Corzine are an example of “a real Greek tragedy, hubris,” added Levitt, who is now an adviser to Goldman Sachs and a member of the board of Bloomberg LP, the parent of Bloomberg News." Who the fuck is this guy to talk, coming from his smarmy, captured-regulator background and now a paid shill for Goldman. Shameless douche-baggery!
Let's see now, we've had a white female, a white male Jew, and a male Sri Lankan sacrificed to the god of Mammon for the sins of Wall Street so far to no avail. It's sure starting to look like we need to sacrifice a few nice juicy white male Wasps before the god of Mammon is going to be satisfied here.....I wonder when that's finally going to happen?
"Our only question is will $1.5 billion in theft be enough for the first real perp walk of an Obama-friendly Wall Street executive?"
If I had to bet on that......NO. Promotion maybe, but not perp walk.
On a side note, is anyone else amazed at how quickly this has become a non-story in the press. It was a semi-story for like 24 hours. And now, there's basically nothing to be read about it. I mean this story is getting less press than Ron Paul right now.
Geez navy, you are surprised? Can you say 'Liberal Lamestream Media'?
Mynhair I'll give you (3) more likes! I'm Impressed! A good kitty cat you are.
Why steal just a little when you can steal it all just as easily. Green shoots - spread the wealth around, etc. and the government didn't even have to get involved until after the fact. Corzine may turn out to be a hero for redistributing wealthy clients cash. I still think the janitor and the head executive chef are the most at risk for jail time.
You defrauded Liberals fear not!
Obama Stash has an app for that!
...Eric Holder will be all over this like a...what?...whats that?...uh, okay...nothing to see here folks, move along
UBS' Kweku was just one person ... at MFG they will all hide behind each other blaming someone else and they will all get away with it
I'd say a fine of $150 along with a promise never to do it again would suffice.
The fine must be >= average annual salary, or the OWS Morons will be pissed.
Plus, Porcine must buy all beers in the next two Press Club galas, so add three zeros to the right.
Hell, maybe four. Those Lib morons can really suk it up.
This is peanuts
-Bernz
I was looking back a bit further. If it is, then it shall be... Am I wrong?
-homer-
How long before we find out that the Vampire Squid was on the other side of MF's co-mingled trades