Watch Corzine's MF Global Testimony Live

Tyler Durden's picture

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:

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LoneStarHog's picture

Now Airing:  The Chairman's Opening BULLSHIT Statement

Chief KnocAHoma's picture

Corzine gurgling as Ron Paul pours water on his face.

Ron Paul - "Where's the money douche bag?"

Corzine - "Can I call Obama?"

Paul - pouring water again - "Maybe you should call your maker!"

Oztralian's picture

Because RP is in favor of waterboarding, right? Oh yeah, didn't think so...

Chief KnocAHoma's picture

I think he would be in this case.

FEDbuster's picture

RP would say Corzine should be tried and jailed if guilty.  The clients should have done more due diligence on MFG before giving their money to them.  Government shouldn't get involved in private transactions except to insure fraud and theft gets prosecuted.

tarsubil's picture

And this panel of stooges know that we just need more government, regulation, and funding. What a joke. The government endorses these shenanigans with fake guarantees on their legitamacy due to their regulations. Their regs are worth warm spit and we get robbed. More regs! More guarantees that these rigged markets are legitimate! Please keep playing sheeple! We need to launder some more money to ourselves! What a big bunch of bs!

FEDbuster's picture

Take away all the "government" insurance scams SIPC, FDIC, FHA, etc..., and let the whole ponzie, fraudulent casino come crashing down.  If Corzine walks from this, there is no rule of law anymore.  They stole clients money, just the same as if Wells Fargo took money out of your checking account to pay it's bills.  This is THEFT, and Corzine was in charge.  Corzine should also turn over his $50 million + net worth in the form of restitution just like Madoff had to.  

Anyone who still participates in this financial fraudulent without rule of law stock market deserves what is coming.  Buy some fucking gold and a gun, and tell them "out of my cold, dead hands" when they come to take them.

Piranhanoia's picture

that has worked out real well.  Private transactions not dicated in law invite fraud against the ignorant party. It has been 400 years since we figured that one out.  We don't want to move back.

azzhatter's picture

Even Dr Paul might have to make an exception for this doucher

wisefool's picture

I am a nonviolent type. but could somebody please appeal to TPTB. We all know this is not bammers fault, but we all know he cant fix this. Corzine is the guy him and Biden relied on for the recovery effort. (see youtube)

I beseech you TPTB Give Ron Paul a fair chance and if he wins, 'Bammer can pardon all these D-Bags and we can move on.

Ruffcut's picture

Pardon? "I beg your pardon, as I stomp the shit out of your ballsack."

That's a pardon I would believe in.

Dr. Engali's picture

Obummer is just as guilty as this douche bag. I find it in comprehensible that anybody on this site would be defending him. Tyler this guy needs to go back out on the front porch.

wisefool's picture

I'll gladly go if that is the ruling. But if you watched the movie or read the book, the narrator and tyler compromised on non-externally-violent solutions. They are simply much more productive.

You all cant have it both ways. If Obama is a puppet/teleprompter then he is complict but not the cause.

Dr. Engali's picture

If he doesn't have the courage and intestinal fortitude to stand up to these scumbags then he is most certainly the problem.  He has taken more money from this slime than anybody in history. And he continues to take it. If he wasn't part of the problem he would end the bail outs and let them fail. If you aren't part of the solution then you are the problem.  By the way , I have read the book and watched the movie on several occassions. Do you remember the restroom scene? I don't see any place where I advocated violence.

wisefool's picture

My post was in response to the cheif, as others pointed out, ron paul is against torture. if you or any other space monkey want to advocate violence that is your thing. But if the sheeple got this type of solution associated with ron paul or anybody else who would actually improve our plight, we gotta get context built in there. The sheeple actually believe Donald Trump is a successful businessman for goodness sake and they think Ron Paul is extreme. again. we should let our voices be heard but with proper context.

The Real Fake Economy's picture

the only one with any intestinal fortitude is Hulk Hogan  

wisefool's picture

Thats more like it. Seriously, people are going to vote in 2012 based on this video they probably dont want to care about what is happening today.

Dr. Engali's picture

What about Chuck Norris? I hear he is loaded with intestinal fortitude :>

JR's picture

Sorry, Chief. The junker button is acting aggressively today; when I gave you a thumbs up, it also countered with a thumbs down… So knock a -1 off that -5.

Normalcy Bias's picture

I suspect he'll be suffering from an acute, Clintonian case of selective amnesia.

High Plains Drifter's picture

it all depends on what "is" is.......or    it all depends on what you mean by........ commingling

docmac324's picture

Wow, nice tan dude.


Don Birnam's picture

"I wish to exercise my Fifth Amendment right against self-incrimination and respectfully refuse to answer any questions pertaining to where I obtained my tan. But hey, buddy -- thanks for the comment !"

NEOSERF's picture

I can't recall...I can't recall...I have no notes on that....I plead the fifth...

Dr. Horrible's picture

I would like C-Span to turn off the lights so that we can see Corzine glow in the dark.

I see an evil green light coming out of his eyes.


Long-John-Silver's picture

Wall Street is working as if 2008 never happened.


They got bailed out so it never happend to THEM!

Dr. Richard Head's picture

My ass still hurts from that bailout. It's like I have permanent GOATSE.

GMadScientist's picture

Thanks for making my MIB red flasher a worthwhile purchase.

MIDTOWN's picture

*Chairman and CEO of MF Global, former Governor of New Jersey, former CEO of Goldman Sachs and former US Senator claims he had “little expertise or experience in the operational aspects of the commodity business”.   John Corzine was Chairman and CEO of the worlds’ largest derivative business by volume.  The shortfall in customer accounts may be as large as $1.2 billion, or 22%, these were supposedly “Segregated Accounts”.   (Segregated Account funds are separated from the operating accounts of the broker you're with).


There is more than 1 billion in customer segregated funds missing and to date no one has been held accountable.  The credibility of the entire US Banking and Brokerage industry is in question.  John Corzine will testify before a House committee today that he had “Little Expertise”.

Per MF Global Website:


 MF Global (NYSE: MF) is one of the world’s leading brokers of commodities and listed derivatives. The firm delivers trading and hedging solutions as a broker-dealer across all major markets for futures and options, commodities, fixed income, equities and foreign exchange. MF Global provides access to more than 70 exchanges around the world and is a leader by volume on many of the largest derivatives exchanges. The firm is also one of 22 primary dealers authorized to trade U.S. government securities with the Federal Reserve Bank of New York.


Market Leader

Nearly 230-year heritage and strength in commodities


— History extends back to the founding of most commodity exchanges

— Significant presence among the world’s largest commodity markets

                    Leading position in listed derivatives markets


— Leader by volume on major global derivatives exchanges

— Premier broker based on number of transactions executed, client balances maintained and broad global presence

Global Footprint and Diverse Product Offerings

Through our global distribution network, clients have a single point of access to a vast array of cash and derivatives products within the world’s most active financial marketplaces

Network of client and counterparty relationships, built from our industry connections and expertise in understanding and meeting individual client needs


Practical and Timely Research and Commentary

MF Global’s research and commentary offerings include analysis by equity and policy research teams, macroeconomic and fundamental analysis across a wide spectrum of assets, and commentary on market activity as well as trade ideas


Primary Dealer Designation

Member of select group of firms designated as a counterparty to Federal Reserve Bank of New York


Seasmoke's picture

dont ever forget this motherfucker lost alot of NJ money in Lehman and Bear Stearns

thunderchief's picture

Red Handed theft.

Smoking gun Murder.

And Everyone just sits and watches it.


Dr. Richard Head's picture

As the CFTC Commissioner states, in prepared statements, that they will use this incident to help them with lessons learned.  The only lesson learned here is the ALL Federal Regulatory agencies as used to regulate the theft of the people.  Nothing more, nothing less.  Lesson learned.  CUNT WHORE FUCKTARD ASSHOLE TWAT BASTARD DICK FUCK SON OF A BITCH QUEEF.........AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!

A Lunatic's picture

Speaking of smoking guns, Eric Holder is pulling the same shit with the Fast and Furious gun debacle. "Well yea, I'm in charge of this whole thing but I really don't know shit about anyhing that goes on". Ignorance is no fucking excuse dirtbags! What a wholly apathetic and willfully ignorant populace we must have in order for shit like this to continue unabated.

I am a Man I am Forty's picture

but but but, CNBC has told me that Goldman Sach guys are the smartest, bestest, and brightest in za whole wide world

Chief KnocAHoma's picture

They are the best at theft and thuggery.

PS - like your photo - sorry OSU got left off the BCS dance card.


dwdollar's picture

And the first idiot up...

Congressman Peterson is "surprised" that Wallstreet hasn't learnt anything since 2008.


High Plains Drifter's picture

hey man, i was the fearless leader.  i didn't have any idea what those dothead traders of ours were doing down in their cublicles on the lower floors below my ivory tower........its those wascally dotheads again. throw those crooks in jail. i am innocent of any wrong doing. i don't know what they did with the customer monies.  i am innocent. it was not my job on a day to day business to keep tabs on what our dothead traders were doing...........we , of the desert sand people tribe, never ever do anything wrong. its against our religious faith.......

SMG's picture

Illuminati not jewish as you are implying.   I wonder if he'll be a sacrificial lamb?

High Plains Drifter's picture

illuminati were alive and well in the late 1700's but are long since  dead and gone. quit listening to alex jones already.  hey , read my post. did i say anything about yids?  

SMG's picture

"we , of the desert sand people tribe, never ever do anything wrong. its against our religious faith"

Uh what did that mean exactly, especially since Corzine's public faith is Jewish. 

In reality he is one of those Lucifer worshipers who believe themselves to be a god. (so do whatever you want right?)

If the Illuminati were gone, there would be no federal reserve, no eye of horus/lucifer on the back of the dollar, no "11" in Bank of America's logo, or creepy painting in their headquarters.

And I actually think Alex Jones is probably controlled resistance, used to discredit others.


Dave Thomas's picture

Maybe it's just a painting by a old hippie.

Nope wait, better spend several years of my life investigating all this hidden masonic/illuminati shit.

wisefool's picture

I also think Alex Jones might be a true capitolist, with a diverse set of industries.

In Fed We Trust's picture

Wise fool i dunno know

But alex is a fearmongerkng Zionist protecting

Isreali cock sucker. A gken beck on steriods if you will?

wisefool's picture

That was kinda my point. There is a troll bait radio program out there called true capitalist radio. sounds like Alex jones diversifying his industries. his name sake stuff gets the liberty/conspirac leaning types. This true capitolist thing gets the younger generation. Like you said both have truth, but lots of theatrics, and selling tshirts. nothing wrong with that, but I'll stick to ZH and Jim Cramer Ads! hah hah now everybody going to ads for that idiot. Merry christmas!

mahalopamala's picture

I wonder- I have heard this recently too. There are many wolves in sheeps clothing. As Alex Jones himself once said- "Everyone has an agenda."  We all have to search for the truth and find out what is behind the people that we listen to.

Don't forget all those TV preachers.  Most of them are connected with the one worlders/globalist bankers/control freaks.  Ask yourself- how could Billy Graham be the pastor to all the presidents?  How could he have the high level access for some of his deals?  Interesting.

Oh, did I mention he is a 33rd degree Freemason?   just sayin'....


mahalopamala's picture

 sorry for duplicate post


GMadScientist's picture

Then you wouldn't mind returning your bonuses and golden parachute then, motherfucker?

Kali's picture

He wasn't selling/suspected of selling pot, they only take all your shit if you are selling da shit!  They should get the DEA on these guys.  Clawbacks would happen then.  Then the peeps would have to fight the gov to get their money back.  Nevermind.

dumpster's picture

tune in c-span watch turds circling in a toilet bowl 

to be flushed .  save time just observe your morning  ah moment