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MF Global Hearing Live
Today's primetime popcorn event is about to begin: as reported earlier, the House Financial Services Committee will hold an oversight and investigations hearing on the collapse of MF Global, beginning at 3 pm. The hearing will focus on the decisions during the company's final days that led to the disappearance of up to $1.6 billion in customer funds. The party line is that "The investigation aims to "not only to find out where the money went but to identify what went wrong in order to prevent this from happening again," Subcommittee Chairman Rep. Randy Neugebauer (R-TX) said." What instead will happen is that a bunch of politicians will huff and puff, and nothing will happen once again, because to take down Corzine, would mean to start eating away at the entire rotten core of today's captured political system, which has and always will be run out of Wall Street. It will also be amusing to listen to Edith O’Brien plead the Fif.
Full webcast after the jump, where the empty seats will be populated by empty suits.
The witness list and prepared remarks can be found below.
WITNESS LIST
Panel I
- Ms. Laurie Ferber, General Counsel, MF Global Holdings Ltd.
- Mr. Henri Steenkamp, Chief Financial Officer, MF Global Holdings Ltd.
- Ms. Christine Serwinski, Chief Financial Officer for North America, MF Global Inc.
- Ms. Edith O’Brien, Assistant Treasurer, MF Global Inc. (no written statement submitted)
Panel II
- Ms. Diane M. Genova, Deputy General Counsel, JPMorgan Chase & Co.
- Mr. Daniel J. Roth, President and Chief Executive Officer, National Futures Association
- Ms. Susan M. Cosper, Technical Director, Chairman, Emerging Issues Task Force, Financial Accounting Standards Board
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Pussy. Drink more, this is great!
After all, it's only your Country disappearing.
Comment voted Best of Thread.
Genova's hairstyle by FlowBee. Wardrobe by Tractor Supply.
The south african had a 78 average. Geez, 75 and below is a D average. This guy is an idiot. Perfect for a scapegoat.
Is that Hyman Rothstein's little boy all growed up?
I wish someone would punch this dipshit in the face and bust his glasses right off his face. What a blowhard deuchbag.
I've long said this;
Morpf the D.E.A. into a financial crimes squad.
Those ruthless bastards are good at busting down doors, setting up stings, and tirelessly going after gang-bangers and drug gangstas here - let them go after the likes of the beard Corzine and the other bastard financial thugs.
Replete with all the ordinance; firepower and black bag authorization.
THEN let's see these motherfuckers try to touch customer funds.....
Sure. More Goobermint will fix it.
Just send the Dept of Edi swat teams in.
Please step away from the Kool-Aid!
Don't you realize the DEA exists to protect the real drug runners from the street thugs? The more heads they bust, the more their bosses make shipping stuff up from Mexico.
In other words, it's nothing more than a barrier to entry in a very profitable market.
if you focused these guns on Wall St., they'd ignore it all and take out Main St. banks instead.
Government is nothing more than the most organized form of crime.
More spot checks....yeah, that's the ticket!
Is Genove a Massey Ferguson or John Deere man?
....... we will also limit internet porn time --- but not by a lot
Oh fuck your BULLSHIT rules. here's a rule...if you're caught fucking up you get your fuckin head busted. Let's go with that rule for now motherfucker.
Probably a good thing you're drinking alone. You've got company BTW.
customers? what customers? The only thing that's gonna be overwhelmed is your fat ass when I jam my boot up it
As a taxpayer, I can assure you I resent that.
stfu bitch. Tell us about your sex life first. I heard everyone who works at JPM is a whore.
She's definitely into S&M.
Ah, this one is verifiable as female.
Mr(s?). Genova will probably want to avoid Spain from now on...
http://www.dailymail.co.uk/news/article-2120984/Spains-high-class-hooker...
Geez this bitch is gonna put everyome to sleep. Who's next a life insurance salesman. i bet she's a drag between the sheets.
She's an early adopter of battery powered dildoes.
Wish they would label those empty chairs with readable R and D.
Just for shits and giggles.
Look at the cow behind this bitch. She's uglier than a mud fece
Central Casting? We need more lesbians for the second panel!
she qualifes for the definition of a cock wearing masculine female
who should we hate more the asshole brokers or the cocksucking politicians? Where's a terrorist with a bazoka when you need him?
The one you are seeking is stuck in TSA for having 4 oz of shampoo in his bag.
FASB rules applied properly? Are you kidding me?
MtF, bitches!
I wonder if you're in the gallery if it would be acceptable to stand up and yell, "FUCK ALL OF YOU ASSHOLES". I bet they would thank you.
No, outbursts from the peanut gallery are subject to 5 yrs in Attica and inclusion on the no-fly list.
no hoodies today, ok?
look at the ugly bitch behind her falling asleep
She ain't ugly, she's Fugly!
damn she is REALLY FUCKING UGLY!!!!
Don't understand the answer? Well, I didn't understand the question, and I bet you can't repeat that question.
I would expect you to EAT SHIT SENATOR
Believe this is the wrong House, isn't it? The other C-SPAN covers the Dem hangout.
Holy shit the guy's hitting on the troll!!
What is this a fugly contest???
Would you let your friend A relend to B just for a day or two? JPM: Surely not! Big smiles in the back, they got the money.
Whoever makes a youtube of this shit needs to add the text "They got the money" with an arrow pointing to the smiling fuckers in the back. Have that show up ever time the smarmy bastards are shown grinning.
"They got the money" ------->
History needs to fucking record this. Fucking everyone needs to understand WHO GOT THE MONEY.
I'm on it, you're welcome also if you have some skill in video making; especially if there is any pro reading me, please contact me legionnetworkch [at] gmail [dot] com. Because... video making isn't at all my background, it will take some time to produce something like a good 10min cut with some basic effects (at least I have good hardware to process the videos). If you do so your creativity is welcome, open a youtube account and help flood the world with free information.
What the fuck IS that??? That's why Monsanto should be shut down. look at that thing.
ROFLMAO!!! You are what you eat -> eat organic (bio for europeans) food or you know whats coming for you and/or later generations.
Where's JPM's actual General Counsel, Stephen Cutler???
Genova was much funnier when acting in Seinfeld.
How do ASSHOLES like this get elected???
Dumb bunnies. They are found in most bars after midnight.
The chick with gray hair behind Mr. Roth is sleeping...HILARIOUS!
Didn't see, but I'll try to find her
is that skelator behind this guy??
do you have to be butt fugly to get into this hearing?
No, just to post.
200 - 50 = 50?
eh?
are you aware of where your asshole is? I doubt it
are you aware of where your asshole is? I doubt it
there are definetly HOLES in the current system you assHOLE
I bet this guy is wearing pink fairy boots
Lol their services make no sense, no wonder the company went under.
I mean its really quite clear cut to me.
Who lost money that shouldn't of?
Who has money who shouldnt?
Money doesn't "vanish", there is always a count.
I doubt this guy could get anymore than six inches in his mouth.
He's putting me to sleep!
Cumon, what is $1.6 billion among whores?
Just tax this crap, and call the budget balanced.
Kerry would.
What is that THING sitting behind this bitch!! Geez that is friggin SCARY SHIT!!!
It's Jason without the mask
"Why are we worried about little farmers anyways"???
Exactly. Food comes from Jeeves.
I don't understand all the fuss.
Read S510 or S511 and it's explained there. To close down any competition that is private for a more preferable Govt. big Corp. growers. Our families Farm is going through Federal hoops right now. It may not pay for us to farm this season becuase of these new mandates.
We have always had a profitable farm for 20 years, My father has been tracking a slow but predictable % of loss over the past 5 years not because a decline of revenue per se, it's the additional Fed - State taxes, inspections compounded with a use acreage regulation and required equipment sucking the private industry dry. They call it "Federal Food Standards".
I would hazzard to guess, the private farmer will be forced out of their livelihood within 2 years or less?
Did this guy say he's going to expose himself?
I don't think this guy knows much about jack shit. I wonder if he can even wipe his own ass.
Is she wearing an earpiece?
Hair.
WTF is this IDIOT talking about?? It's a battle of wits between two unarmed opponents.
I would like to take this opportunity to thank you for making me look good.
HOLY SHIT. They should warn you before they put the camera on this THING. I just spit my coffe out my nose.
Do they allow her to walk around in public?
It must be hotter than a popcorn fart in that room. Everybody is sweating.
Miss Furberger? Wow, I wondwr if Pussy Galore works at JPM too
She gave me "oral assurances". Is that what they call carpet munching now?
Someone gave her oral assurances? ........................ yuk...........
It's bad enough that JPM stole my money. Now, they are taking my libido, too.
<sigh>
Jeezus. Talk about hiring somebody you never have to worry about getting drunk and making a mistake. My gawd.
Dodd Frank bill? aka, Laurel and Hardy bill
I'm so glad they're all having so much fun. FUCK THEM!! Someone should take a fucking flame thrower to the whole fucking building.
Mr. Genova?
I caught that too. Freudian slip I think.
Good GOD!! WHAT IS THAT!!!!???
she was unavailable for meetings on the 31'st because she was out trick or treating. Someone should tell her to take off the monster mask now Halloween is over
Look at the NOSE on this thing. IT'S ALIVE!!!!!!!!!!!
the cosper one is actually ok. but then again i'm old. my expectations are low.
Softball game is over. Bankers win 2-0
Last one at the bar picks up the taaaaaaaaaaaab!
TG, it's over. Really missed Bwaney Fwank spitting over the mic, but wrong committee.
Important meeting? Ha it's a FUCKING JOKE!!!
"This was an important hearing". Too bad nothing of value was disclosed.
Go the fuck home now you worthless shitbags. Wadda waste of time.
SO all that happened is, we came to the conclusion that "someone took money out that shouldn't have been taken out".
LOL WHAT A CIRCLE JERK.
Completely pointless meeting.
LOL like we didn't know that "someone took someone elses money".
THE QUESTION WAS WHO, NOT WHAT.
What a Clusterfuck -- they tell you it's a segregated account -- but the funds are co-mingled. It's NOT SEGREGATED - IT'S A LIE - IT'S THAT SIMPLE!!!
"segregated account" therefore - is a 'marketing term' a 'sales pitch' A LIE !!!
Its a conglomerated segregated account, kinda like throwing oil and water into the same bottle, the oil floats ontop of the water but its in the same container.
^^
Except there was no oil, no water just cash lots of it.... and JP Morgan smelled the cash. . . like a shark in water who smells blood...
Its obvious to me who the criminal is.... its JP Morgan. . . they knew shit was going down and they hot swapped the bag full of cash for the bag full of losses.
i hear ya -- to conglomerate means to roll together... to mix various parts -- it's a complete contradiction to say "conglomerated segregated account" -- the segregated part, therefore, is a marketing term to conceal a LIE !!!
Take it a step further.... these so-called accounting rules aren't rules...they serve the purpose of giving the impression of soundness and safety - when in fact, they serve to allow co-mingling of so-called segregated funds...
The 'rules' themselves are gimmicks, sales pitches, marketing slogans -- the rules themselves are LIES !!!!
Affected customers should sue on this basis -- they were marketed to fraudulently - promises of segretated account safety. If it's not simple fraud i don't know what is! Sue the entire fucking industry that allows the marketing term "segregated account" to be used in literature and promotion.
You have been Repo'ed....next!
Maybe America should have a hearing with all of the Congress People as witnesses and ask them where is our Money.
U.S. has a problem? NO You gave the U.S. Govt the money, YOU HAVE A PROBLEM lol
was this supposed to be serious?
<wipes tear from eye>
I found it interesting that the Henri Steenkamp, MF Global Chief Financial Officer, said that he had about a 71 average in his academic career. 71 is barely a C average, yet he is a top executive for MF Global. Me thinks he was put there just prior to the collapse on purpose. Anyway, I watched most of the hearing and it was the usual game show. "Sir, I can't recall the specifics, I was not responsible for that and don't know who was, blah blah blah." One person was dismissed almost immediately because she was invoking her 5th amendment right so they kicked her out.
Our Government is such a joke, how is the future generation supposed to take our govt seriously?
Its just a 3 ring circus, no one in govt is even qualified to be there, they lack almost ALL the skill-sets you would want in a leader.
--------
There is no rule of law when it comes to corporations who through fraudulant courts have gained the rights and protections of "persons" under the law, yet escape ALL the accountability and responsibility of the status as person.
A corporation is a "person" under law.
You are a "person" under law , or rather you "have a person/identification".... *(because you aren't a piece of paper/plastic).
Under the law there is no difference between a corporation and a person.
Yet if a corporation commits a crime, no one goes to jail.
If you commit a crime as a "person" you go to jail.
How is this system fair and just? where is the accountability? there is no rule of law... rule of law has completely broken down because of these criminal bankers.... and our good for nothing POS govt that cant do one god-damned thing correct.
If you want to laugh your ass off while yanking your hair out of your head watch Maxine Waters questioning the three witnesses from MF Global Laurie Ferber, General Counsel for MF Global; Henri Steenkamp, MF Global Chief Financial Officer; and Christine Serwinski, Chief Financial Officer for MF Global North America.
About 1 hour 13 minutes into this segment...
http://www.c-span.org/Events/Former-MF-Global-Executives-Testify-About-F...
Here's a woman who displays a level of financial density that I haven't seen before...Ugh!