Watch Corzine's MF Global Testimony Live
Update: Corzine speaking now - drink a shot for every lie Corzine utters
And now the one we've all been waiting for...
As a reminder, his prepared remarks can be found here, and below is the witness sequence. The beginning will likely be boring. The main act is in the middle:
Witness Testimonies
Panel 1
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
Panel 2
The Honorable Jon Corzine, Former CEO, MF Global Inc., New York, New York
Panel 3
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
Live CSPAN webcast after the jump:
(6 votes)
»
- Login or register to post comments
- 41012 reads
- Printer-friendly version
- Send to friend
Similar Articles You Might Enjoy:
- Is The CME In Hot Water Over The MF Global Bankruptcy? Goldman Explains Why This Is The Case
- Corzine "Simply Does Not Know Where The Money Is" - Presenting Jon Corzine's Complete Testimony To Congress
- The Gold "Rehypothecation" Unwind Begins: HSBC Sues MF Global Over Disputed Ownership Of Physical Gold
- Bernanke Lecture III Decrypted, Depression 14: AIG 29: Fail 33: Rescue 0
- Jon Corzine's Family Responds To Accusations Against The Patriarch
Cannot... stop... myself...
Use this picture as a diversion - http://hedge.ly/gFWVSm
Do we have a drinking game format? I think I am going to need to drink now.
Wank-a-palooza
It is all just theatre. Bad theatre.
Commissioner Sommers (commissioner of exactly what, btw??) is a liar.
"I have no knowledge of where the money is. We oversee and regulate the market, but the market is too complex to oversee and regulate."
LMFAO. Dummy!
The good old “Sergeant Schultz” defense.
http://1.bp.blogspot.com/-UHgyuKXbdX0/TfyWAjjs8lI/AAAAAAAAGZw/4fXVGmyAQN...
Diddle diddle dumpling Corzine John
Ran a motherfucking money con
Client yield off
Embezzlement on
Diddle diddle dumpling Corzine John
I suppose it is time for someone to step up and it might as well be me.... So here goes...
http://www.causes.com/causes/641117-off-with-their-hands
Feel free to join and share.
Simply put if an executive or banker, either through knowing action or inaction is found criminality responsible for the theft and loss of more than 1 million dollars of clients, customers, stockholder, or bondholders money, assets, or property, said executive and or banker will in addition to whatever other criminal penalties assessed, have his/her hands surgically removed.
If hacking the hands off with a wild swing of an axe (or chainsaw) counts as "surgically removed", then I agree.
I was thinking kukri but that might be too clean.
The "Honorable" Jon S. Corzine.
HA! The US is so done. The guy is a thug.
BTW, nice mullet Jon. Welcome to 1986!
Agree, can't believe they still put the "honorable" after his name. I want to become one of these honorable thugs. As I read yesterday, Give me a gun and I will rob a bank. Give me a bank and I will rob the world. I swear! under their honor system!
Cut to commercial!
This is CSPAN, we don't have commercials!
Cut the feed!
Cut the feed!
They're on to us! Run for it!
Actually the feed just died while he was explaining leverage.
FUCK CSPAN! THEY CUT OFF HIS TESTIMONY BECAUSE HE IS LOOKING LIKE A GUILTY, DRUNKEN, DUMPSTER-DIVING LIAR!
Okay I thought it was just my internet connection, but I guess not.
aaaand when it came back up the room was empty for a voting break.
Okay I thought it was just my internet connection, but I guess not.
Yup, because it was coming up to this;http://www.youtube.com/watch?v=7GSXbgfKFWg
Yep.....Reminds me of the CFTC hearing in March of 2010...when Murphy was gonna spill the beans about the JPM traders manipulating the silver market thru naked shorting on the LME....it's important testimony (oops....we're experiencing technical difficulties...we'll bring back the broadcast when the discussion suits our puppet masters)
Exactly what I was thinking - Bill Murphy. Wasn't it the same network too - CSPAN? And I've been listening ALL DAY to Sommers... and when it finally comes time for the drunken bastard to speak... they cut us out! FUCK YOU CSPAN!
Yeah and how he worked so hard in reducing it and fixing the mess he inherited. Alas, Jon's courageous efforts were too little too late. Poor guy.
THESE ASS-WIPES IN CONGRESS CAN'T EVEN ASK A SINGLE FUCKING LEGIT QUESTION BECAUSE THEY EITHER HAVE NO FUCKING CLUE WHAT'S GOING ON OR THEY'VE BEEN PAYROLLED BY THE BANKSTAS TO DUMB THEIR QUESTIONS DOWN.
DUMB FUCKS DON'T EVEN KNOW THE BROKER DEALER END IS "REGULATED" BY THE SEC. THESE ASS MUNCHES PROBABLY DON'T EVEN KNOW WHAT A FUCKING BROKER-DEALER IS.
OFF WITH THEIR HEADS. ALL OF THESE FUCKING BITCHES.
dumb CFTC bitch Sommers' job is to use the word "appropriate" every 2 minutes...
CAPTURED
She knows nothing anyway, she's only there because that chickenshit Goldman Butt Buddy Grassley "recused" himself so he wouldn't have to lie under oath to protect the club.
Fuck these regulatory agencies, they don't do jack shit because they are all bought and paid for by the squid. Shut them all down, at least that way no one has a false sense of security.
CORZINE IS ON!
Finance tanking!
Keep talking Corzine! You will crater the world!
Are they stalling?
They will need additional funding to fully implement Dodd-Frank though.
He said under oath that he didn't know were the money is.
hah haha haha ha ha ha ha
Under oath
That's funny.
haha ha ha ha ha ha ha
Former Goldman guy under oath
As if it matters
Doesn't know
ha ha hah ah ah ah ah ah aha
Don't know
That's funny....
Oh, where do I sign up for the Bundlers Dinner?
Short version -- "The dog ate my homework".
He struggled many times with the "I never intended to break the segregated account rules."
"I have no knowledge of where the money is. We oversee and regulate the market, but the market is too complex to oversee and regulate."
Then simplify it as part of the overseeing of it.
There, that wasn't so hard, huh?
The whole complexity issue is precisely so the banks can hide their immoral and illegal activities.
So SO true, if you can't explain it to your avg 8 year old then it's just a smoke screen for FRAUD!
http://jessescrossroadscafe.blogspot.com/
He has another view
more like a game.....the crying game. If there's any justice he will be starring in the crying game py 2 , MF Colon
didnt mean to cut in line but courtesy of Mr Sinclairs website.
http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/
no funds are safe period..prison time period
Or these
http://tinyurl.com/czghxe3
(pirelli calendar 2012)
Social unrest is on the rise. Who does still taping his eyes and does not want to see the direcction we are heading. It is just a matter of time till the whole thing collapses. We will have a Western Spring soon when people will rioting in Berlin, New York and London.
http://djia.tv/press-tv/oecd-report-portugal-champion-in-social-economic...
When I was in third grade we studied Indians. We made "Kachina masks" by getting empty 3 gallon cardboard ice cream containers and gluing feathers made from construction paper to them.
On the last Friday of every month, the Nuclear War Air Raid siren would test and we would all go to the back of the room and get our Kachina Masks, place them over our heads and hide under our desks.
"I can't see the bomb so the bomb can't see me."
I learned an important lesson there in third grade, on my knees under the desk.
Oh, yea, I forgot to say that the Nuclear War Air Raid siren STILL, some forty years later, sounds at 10 am on the last Friday of the month. I somehow imagine that the third graders are STILL hiding under the desks with boxes on their head.
This is a GREAT country.
our sirens in SoCal have been allowed to rot in place...
I kind of miss them...THE most apocalyptically mournful sound i've ever heard...like the asynchronous ghosts of dead machines...
the world came into focus when they came on...
I thought they sounded that siren to remind the townsfolk it was Wal-Mart friday. Funny.
"MF love means never having to say you're sorry."
Question - How much of your personal fortune are you willing to transfer to the people your company screwed? By your answer we will know how truly sorry you are.
not good enough, the q is When in the next week will you be cutting the checks?
Former SEC chairman Harvey Pitt just said in a Bloomberg interview that Corzine is a crook by nature.
He did work for Goldman Sachs, no?
"Honorable" my ass.
Sir Larry Wildman ? A comment ?
"You're a two-bit pirate and greenmailer. Nothing more. Corzine ! Not only will you sell your mother to make a deal, you'd send her C.O.D."
And then he would take out a CDS on her!
pods
And then take out a hit on her...
It took some training to make my fingers type 'honorable' and 'Corzine' in the same sentence.
(They're still hurting)
"I do not know where the money is."
~Corzone
Simply amazing! Can't make this lowgrade theatre shit up!
He'd like us to believe he doesn't know his ass from a hole in the ground but I bet if they threw him in 'Federal Pound-Me-In-The-Ass' prison he'd be able to tell the difference...
Funny that Jim Willie knows where the money went, but Jon Corzine has no clue!!
We had a COMEX system failure in November. COMEX was ready to default on gold and silver in November. Rather than honor delivery demands in gold and silver- JP Morgan simply stole the money in the accounts that were going to stand for delivery. They had their pockets picked while they were standing in line at the delivery window. Notices of delivery were replaced at stolen accounts!
JP Morgan averted both a COMEX default and a European sovereign debt implosion, and notice that JP Morgan increased the amount of silver in their registered vaults by precisely the amount that was supposed to be delivered!
This is just another financial 9/11, and THERE WILL BE MORE.
http://silverdoctors.blogspot.com/2011/12/jim-willie-jp-morgan-crashed-mf-global.html
Just what I suspected Wow. I wonder if the Silver Bears go cleaned out?
Let me get this right,
The dude was giving(stealing)
50000 a month to give to clinton
To pay his future legal fees.
Hows that for prepaid legal services?
His prpared statements sound pretty complex
Fir someone who acted like a crack head.
Wall st new favorite excuse. ITS So COmPLEX. Im no expert...bkah. Blah blah blah
Can we get 3 new bitch sheriffs on Wall St?
Come on TIME
Instead of man of the year
Start doing
Crook of the week!
A Sociopath.
Why a hearing? For whom?
Where is Bill Clinton? He was getting $50,000 a month from MF Worldwide. Jon Corzine, Clinton and the muslim - all Democrats,
John claims they were mainly a broker dealer.
Yet how was he trading so much principal?
The broker dealer part explains why the million TRANSACTIONS during the last days.....comissions....... Churn baby churn!!
John admits he sold he stake in MF back in August.
Goldman advised John to get out and fold cuz Goldman was gunning him downm!!
John wasnt worried cuz goldman meet him in the alley with hslf the loot.
They call it a RTM. A rip off till maturity.
The way it works is Goldman and MF global keep bouncing funds berween them selves , through, soverigns and squid.
The farmers get tired of looking for their stolen money !!
And it was under the squid the whole time.
At least John admits that he has been thinking alot about it lately
"how a billion dollars of clients money just went "poof"
Into some kind of black hole , off balance sheet rip off
John claims they were mainly a broker dealer.
Yet how was he trading so much principal?
The broker dealer part explains why the million TRANSACTIONS during the last days.....comissions....... Churn baby churn!!
John admits he sold he stake in MF back in August.
Goldman advised John to get out and fold cuz Goldman was gunning him downm!!
John wasnt worried cuz goldman meet him in the alley with hslf the loot.
They call it a RTM. A rip off till maturity.
The way it works is Goldman and MF global keep bouncing funds berween them selves , through, soverigns and squid.
The farmers get tired of looking for their stolen money !!
And it was under the squid the whole time.
At least John admits that he has been thinking alot about it lately
"how a billion dollars of clients money just went "poof"
Into some kind of black hole , off balance sheet rip off
What i fuckin dont get is why not
Just listen to his PHOnE fucking records?
Shit everyone elses phinr is tapped thanks to the fuckin patriote act
Use the patriote ACT to listen to his fucking phone records
And then hang the JEW and get on to the next one.
I dont see what the f. problem is?
Did you hear Cramer...I just broke my TV
What did he say?
brilliant lawyer strategy, lawyers must know who pushed the buttons to co-mingle
Corzine gets off
Lemme guess. Hmmmmmmmmmm.
"He was only the CEO. CEO's aren't expected to know everything going on in their company. Take me for instance. When I give out stock advice I don't know everything about a respective company either. Many times I'll pull things out of my ass if it helps move the market along."
I have trained my TV to automute every time he opens his mouth, since CNBC refuses to use a tranquillzer gun on him.
Watch Corzine live? Be better to watch him and others, dead.
Are they going to water board him on live tv?
Chinese water torture might be more effective.
Corzine: I don't know where the money went!
Drip, drip, drip.
A pair of pliers and a blow torch would be more appropriate. Time to get Medieval on these guys.
Power tools is the new way. I prefer an air-powered drill.
Vere is dee money, Corzowski!! Vee be back, cut off yo johnson!!
head shot - clack, clack
<--- Over
<--- Under
The under/over on how many times Corzine pleads the 5th is 7 times today. Place your bets.
I've got a bottle of Jack on my desk and plan on taking a shot each time that occurs...
Better get yours self a designated driver, could be a long day:))
A better plan might getting your self a designated liver :)
See I think he'll just lie, he's a politician afterall. He'll only take the 5th if it gets to very particular questions that are easily verifiable. Otherwise he'll just deny knowledge of it all.
My prediction is 3.
Agreed. I only think he'll invoke multiple times if it's the same question restated. (not that I'll watch to find out)
What caliber ammo?
100cc.
Three fingers.
But how do you know when he's lying? His lips keep moving...
I am buying one moster box of American silver Eagles, every time he says "I don't know" or "I am not aware".
Robbery will now be referred to as "shortfall".
As in, "there was a robbery of your account's money" will now be "there was a shortfall of your account's money". Sorry biznitch.
Also, stole will now be referred to as "owe". As in, "we stole all of your account's money" will now be "we owe all of your account's money".
Seriously, are we all supposed to bend over while listening to this?