• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Someone Is Going To Jail For This: MF Global Caught Stealing Hundreds Of Millions From Customers?

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Mon, 10/31/2011 - 22:44 | 1830633 azusgm
azusgm's picture

Private aircraft can be as dangerous as hot tubs.

Tue, 11/01/2011 - 01:12 | 1830908 smiler03
smiler03's picture

Beware of Hotel Maids parading up and down holding placards saying "FUCK ME!"

Mon, 10/31/2011 - 23:41 | 1830767 Race Car Driver
Race Car Driver's picture

 

His name is R. Budd Dwyer.

He blew his brains out on national TeeVee ... and did it over a lot less than what goes on now seemingly everyday.

 

http://www.youtube.com/watch?v=3xqQ5g1tgho&feature=related

 

In the long run, R. Budd was a good man. He failed with panache. We could use a few more like R. Budd Dwyer.

 

Tue, 11/01/2011 - 00:11 | 1830825 I Got Worms
I Got Worms's picture

Hey man, nice shot.

Tue, 11/01/2011 - 00:27 | 1830844 tickhound
tickhound's picture

They stick it in your face and let you smell what they consider wrong.  That's why I say hey man, nice shot.

http://www.youtube.com/watch?v=jC1jZAInGIY

Mon, 10/31/2011 - 21:22 | 1830370 max2205
max2205's picture

POOF!!!

Mon, 10/31/2011 - 21:22 | 1830371 holdbuysell
holdbuysell's picture

Ten bucks says IBKR saw this, turned tail, and ran out the door.

Mon, 10/31/2011 - 21:23 | 1830372 Royal Fleming
Royal Fleming's picture

1% stealin from other 1% ers...I'm shocked

 

Mon, 10/31/2011 - 21:23 | 1830373 I am a Man I am...
I am a Man I am Forty's picture

Everyone dealing with this shit company deserves to get burned and Corzine needs to go to fucking jail.

Mon, 10/31/2011 - 21:23 | 1830374 Goldtoothchimp09
Goldtoothchimp09's picture

 

HOLY COW!!  Corzine should be TORTURED!  and i'm not kidding

Mon, 10/31/2011 - 22:17 | 1830561 XitSam
XitSam's picture

That's only in Republican administrations.

Tue, 11/01/2011 - 07:07 | 1831082 TheFourthStooge-ing
TheFourthStooge-ing's picture

Then there should be no impediment, since Obama's administration is functionally equivalent to a third term for George W. "Chimpy" Bush.

 

Mon, 10/31/2011 - 21:24 | 1830376 High Plains Drifter
High Plains Drifter's picture

FIIIIIIIIIIIIIIXXXXXXXXXXXXXXXXXXXXXX !!!!

 

FIIIIIIIIIIIIIIXXXXXXXXXXXXXXXXXXXXX !!!!

 

BAYYYYYYYYOOOONETTTTTSSSSSSSS !!!!!

 

AAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHH !!!!!!!!!

 

fuck em, fuck em all.............

Mon, 10/31/2011 - 21:28 | 1830377 Justaman
Justaman's picture

No more rule of law = no one is going to jail.  I will take the under of no jail time. 

BTW, good to hear that Rubes is still involved in the top economic team.  Phew, I was really worried there but now I feel much better as to how this is going to unfold.

.....not. 

Mon, 10/31/2011 - 21:25 | 1830378 RobotTrader
RobotTrader's picture

No way Corzine is going to go to jail.

He'll get off somehow by pulling some strings and blaming somebody else.

He's a member of the top of the top of the PigMen/Plutocrat regime.

Mon, 10/31/2011 - 21:36 | 1830425 penisouraus erecti
penisouraus erecti's picture

No doubt you are correct - presidential appointment in the offing.....

Mon, 10/31/2011 - 21:40 | 1830440 Pladizow
Pladizow's picture

Congrats on your first post that makes sense!

Tue, 11/01/2011 - 07:57 | 1831173 Ruffcut
Ruffcut's picture

Robo's mom would not let him go trick or treating unless he made sense, for once.

Mon, 10/31/2011 - 23:02 | 1830688 DoChenRollingBearing
DoChenRollingBearing's picture

Exactly right Robot, + 1

Mon, 10/31/2011 - 23:05 | 1830693 Rick64
Rick64's picture

Thats right, Rogue trader alert. We need a scapegoat. Nobody at the top had a clue. Blah blah blah. You know the drill.

Mon, 10/31/2011 - 23:48 | 1830779 natty light
natty light's picture

They need a youngish trader with an African-sounding name to blame it on.

Tue, 11/01/2011 - 05:19 | 1831038 TheFourthStooge-ing
TheFourthStooge-ing's picture

...or a youngish trader with an odor eliminator-sounding name, like Fabrice.

 

Tue, 11/01/2011 - 03:46 | 1830993 chindit13
chindit13's picture

Did he, or can he, donate enough to Obama's re-election campaign to get himself a Presidential pardon?

Mon, 10/31/2011 - 21:26 | 1830380 SovietCong
SovietCong's picture

I understand completely the bitter expectation of the playing dumb strategy working well for Corzine. But he may actually end up in jail, I think. Comingling is really a fundamental no-no and it is also a sin easy to comprehend: either you took the clients' money or you did not. Even former Goldmanites at the SEC and people in Congress can understand that. 

Now, one other thing I would like to know is whether the $1.2bn of bond debt held by JPM is held in its own name or as administrator for its clients.

Mon, 10/31/2011 - 21:26 | 1830381 penisouraus erecti
penisouraus erecti's picture

I'm sure the SEC and AG Holder are all over this and will make sure that justice is served and the peoples interests protected.........

Mon, 10/31/2011 - 21:28 | 1830383 tallen
tallen's picture

Corzine sure is one massive MF'er.

He deserves hard time in a pound me in the ass prison, but he'll most likely be found innocent and given some job in the Fed/Government.

 

Mon, 10/31/2011 - 23:03 | 1830689 DoChenRollingBearing
DoChenRollingBearing's picture

Again...

 

WHAT, WHAT, WHAT, WHY, WHY, WHY was I screaming about Jon Corzine earlier today???!!!

He is the dirtiest POS on planet Earth!

Tue, 11/01/2011 - 01:18 | 1830910 smiler03
smiler03's picture

"He deserves hard time in a pound me in the ass prison"

Holy Shit! I can't stop laughing, fuckin hilarious! +1000

Mon, 10/31/2011 - 21:28 | 1830385 LasVegasDave
LasVegasDave's picture

Finally some good news

Corzine shoud have been executed for treason for what he did in NJ

Ill settle for life in prison.

Whats that smell when the squid on the grill starts to char? 

Mon, 10/31/2011 - 21:28 | 1830387 RobotTrader
RobotTrader's picture

Wall St. CEO's are like Hollywood Moguls.

The more spectacular the failure..

The more they are wanted by other firms.

Just look at guys like M. Night Shyalaman.  Huge Hollywood bombs, one after another.

Yet he's always at the top of the list of getting hired to direct the next big film.

Mon, 10/31/2011 - 21:31 | 1830405 Tyler Durden
Tyler Durden's picture

Hey Robo, how did that guarantee from yesterday pan out?

Mon, 10/31/2011 - 21:35 | 1830421 RobotTrader
RobotTrader's picture

Guarantee?

You mean the guarantee that if there was any selloff in stocks, there would be an instantaneous flight out of "Things" and into "Paper"???

Mon, 10/31/2011 - 21:38 | 1830432 Blagio
Blagio's picture

You just got pwned by TD.

Mon, 10/31/2011 - 22:14 | 1830555 Hephasteus
Hephasteus's picture

Man that TD dude sure knows how to troll financial sites. It's like he's knowledgable or something.

Tue, 11/01/2011 - 04:39 | 1831012 Oh regional Indian
Oh regional Indian's picture

Unless it's TD 1 talking to TD 2.

Or worse/better yet, TD 1 talking to TD 1!

ORI

Tue, 11/01/2011 - 06:46 | 1831069 Hephasteus
Hephasteus's picture

TD in this post has about a 70 percent masculine 30 percent feminine energy composition.

Robot Trader in this post has about a 60 percent feminine 40 percent masculine energy composition and his energy composition still matches robotrader.

TD has a tight highly focuses crown chakra. Robot Trader has a crown chakra that looks like a fisting porn video.

And robert downey jr is dead.

http://en.wikipedia.org/wiki/Morton_Downey,_Jr.

It's only a 3mb video your dialup should handle it in about 12 minutes. It is worth the wait.

http://www.youtube.com/watch?v=S9dqJRyk0YM&feature=player_embedded

 

Mon, 10/31/2011 - 21:40 | 1830441 nmewn
nmewn's picture

ROTFL!!!

"Yep, any news of paper manipulation or the failure of a firm like MF Global causes everyone to shoot and sell PM's first, ask questions later.

I guarantee you that most >>>retail stocks<<< tomorrow will be unfazed."

Dude.

Mon, 10/31/2011 - 22:31 | 1830603 TheFourthStooge-ing
TheFourthStooge-ing's picture

HAW HAW HAW!!!!!

I'll bet his mother encourages him to go play in traffic.

 

Mon, 10/31/2011 - 21:55 | 1830488 High Plains Drifter
High Plains Drifter's picture

hey robo. go play with your avatar tits and shut the fuck up already...

Mon, 10/31/2011 - 22:08 | 1830534 lieutenantjohnchard
lieutenantjohnchard's picture

no, the performance anxiety guarantee 'tard: "I guarantee you that millions of hedge fund managers will be scanning furiously the "Top Percentage Gainers" list every morning in order to start dryhumping all kinds of "bargains"..."

Mon, 10/31/2011 - 22:13 | 1830551 lieutenantjohnchard
lieutenantjohnchard's picture

are there really millions of hedge fund managers?

Mon, 10/31/2011 - 22:18 | 1830562 Hulk
Hulk's picture

This place is brutal. I love every second of it!

Mon, 10/31/2011 - 23:05 | 1830692 DoChenRollingBearing
DoChenRollingBearing's picture

True dat.

Tue, 11/01/2011 - 02:14 | 1830949 Freddie
Freddie's picture

Sadly reality is what sucks anymore.

Mon, 10/31/2011 - 22:06 | 1830530 Nostradumbass
Nostradumbass's picture

Yeah, 2.5% drop - no real effect in the market...

Mon, 10/31/2011 - 21:33 | 1830411 penisouraus erecti
penisouraus erecti's picture

Yep, as I predicted, Corzine will get a high level appointment in the newly re-elected Obama administration early in 2013. Can't waste a talented guy like that behind bars, c'mon now.

Mon, 10/31/2011 - 22:16 | 1830557 malikai
malikai's picture

Corzine for Treasury Secretary, Maddoff for FED Chairman.

They are the only ones qualified for these jobs.

Mon, 10/31/2011 - 21:35 | 1830420 lawton2
lawton2's picture

 M. Night Shyalaman had a few movies do pretty good but lately his movies have been all busts I guess

Mon, 10/31/2011 - 21:47 | 1830463 brew
brew's picture

anybody seen milliondollarbonus...

Mon, 10/31/2011 - 22:14 | 1830552 Pure Evil
Pure Evil's picture

Yeah, he had trouble pulling some satire out his ass to use for polishing his dollar sign green turd.

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