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:

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
AgShaman's picture

Corzine:  Always Be Closing....Always Be Closing....there, I'm ready....these disgusting sycophants will believe anything I tell them


AndrewJacksonsGhost's picture

Barnhardt put up the Dave Chappelle I plead the fifth vid. I imagine it will be pretty close to that.

By the way, someone should be arrested for co mingling the accounts. That right there is fiduciary malfeasance at the least. IMO

High Plains Drifter's picture

i am sure there is a lot more to this than merely that "small" sum of 1.2 B..............that is just the tip of the iceberg.....this thing may be bigger than aig.

Dr. Horrible's picture

Commissioner Summers - I saw her in the file "When Traders go Wild"!

hangemhigh77's picture

Where's that little prick Gennsler?  Oh conveniently recused himself so they sent some lackey bitch that has probably been instructed to blow the right people after the meeting.

Odin's picture

Fif.....but mr. corzine, we are talking about billions that you were responisb...FIF...You cant serious....FIIIF...

Seasmoke's picture


FranSix's picture

Did anyone drop an 'H' bomb yet? (say:  hypthecation?)

hangemhigh77's picture

I'm sure they probably pass this HO around the office for BJ's during break time everyday. She's probably a secretary.  We "Understand"?  Here's the fact, none of these assholes "understand" jack shit. The only way to MAKE them "understand" is to hang them all.

Silverhog's picture

What's that on the side of the Chairman's head? Nicotine patch? I thought they go on your arm.

Dr. Richard Head's picture

It's an ear suppository to help flush out the shit he is about to hear. 

Dr. Horrible's picture

Really, So he broke the law.... Then why isn't he in a jumpsuit and handcuffs?


Zero Govt's picture

politics is who you know, not what you know

which is why everything back-slapping useless tossers in Govt touch turns to shit ...when Corzine says he doesn't know much his half-a-brain is only half kidding

Govt: the dumbest most corrupt institution in History

williambanzai7's picture

What's your name...I can't recall...where's your dick...I can't recall

Dr. Richard Head's picture

How many fingers am I holding up?....I can't recall.  I can't be responsible for all of the digits that are being held up in front of me and the interpretation of what a digit is or is not.

NotApplicable's picture

What do you mean by the phrase "holding up?" Like holding up a liquor store?

Zero Govt's picture

Watch pathalogical posturers (politicians) ask questions of a pathalogical liar (politician) 

don't forget the irony here, Corzine is who the heads of the Democratic Party, President Bumma & VP Biden, called on for their 'economic stimilus' after Corzine ruined New Jersey as Governor. And no doubt as Goldman Sucks CEO Corzine also assisted Democrats with their insider trading deals watch-out for pulled punches in this vacuous posturing clown show

SokPOTUS's picture

Wait.  I thought *we* were the ones that we have been waiting for.

Crap.  What a disappointment.


Everybodys All American's picture

They need to back the fucking trade out and give the money back to the 30,000 customers. I don't know where the money is at is bs.

Zero Govt's picture

a two-bit accountant could follow the money trail

instead we have a massively over-paid liquidator who is so fuking incompetent he doesn't know his arse from his elbow and gives wildly different figures one week to the next ...the entire system is a rotten farce

MF creditors will have to sue ...or just take some rope to the throat of the problem

High Plains Drifter's picture

enron took out arthur anderson. i am sure some big 8 accounting firms are going down for this one too.  who was on the hook for this one?  price waterhouse?  

High Plains Drifter's picture

oh you know they will be sued into kiss them goodbye......  how many are left after they die?   being a big accounting firm is getting hazardous to corporate health especially when they have to sign off on bogus documents all the time, these days.  but but but fasb said it was ok...yeh sure...........sure pal.............

azusgm's picture

The trustee is getting paid just short of $1000/hr for his bse hourly rate. It pays the be incapable to find answers in a timely manner.

hangemhigh77's picture

Well according to her everything is just fine.  She needs a bitch slap.  Why r they talking to this retard? Oh, they're ALL retards.  Now we have the schisters turn to talk.

buzzsaw99's picture

Corzine: Nobody was hurt by this comingling situation more than me. I still haven't gotten my 2011 bonus bitchez!

High Plains Drifter's picture

oh they just put his bonus on ice over at the people's bank of israhole......

AndrewJacksonsGhost's picture

Blah, blah, blah and decide if we will prosecute any possible, blah, blah, blah. We will decide if we need to change any regulations, blah, blah, blah, blah.


Oh, it is illegal to co mingle accounts, but hey, we might need to create even more regs! This right here is rocket science folks! No doubt about it, SCIENCE!

eblair's picture

We need a reset.  Chose leaders by lot and decide disputes by combat.

Dr. Horrible's picture

Is this the lawyer that is billing $890 / hour?

hangemhigh77's picture

Bring in Jesse Ventura to question Cockzine. Putt the prick in a headlock and make him tell the truth then hang the asshole.

SokPOTUS's picture

We can have a fundraiser for the MFG customers, selling raffle tickets for who gets to go all WWE on his ass.

Corzine gets to play the role of Andy Kaufmann.


A Lunatic's picture

Hanging Jesse Ventura would solve nothing.

Pangasius's picture

Master Magician Jon Corzine VANISHES billions of dollars! This guy's got sKiLZZZZ BITCHES!!!!!!!!!!

rambler6421's picture

Put him in jail.

Piranhanoia's picture

On permanent display, in a cage on the Washington Mall, where he is repeatedly asked questions regarding activities he or his fellow non citizen politician/corporations have undertaken,  where everything is hidden, and who's its.   We can set up a whole string of cells for interrogation where the people can get answers.  It would take less time than an FOIA answer, provide more information, and the citizens can use water balloons in the winter and mirrors in the summer to keep the subjects from nodding off or forgetting the question.  Very humane treatment to open a large window on government so the sun can shine in.

There is a lot these beings can tell us to justify claw backs for their ill gotten gains. 

Below Zero's picture

Will the panel be administering FINRA's waved examinations to Corzine today? Questions like....Jon, can you tell us what a balance sheet is? 

mahalopamala's picture

Sorry that this post is off topic, but I need some help from the ZH community to decipher this puzzling notification (posted below). I just received the following from my bank with my November 2011 Statement of Account. Please help me to understand this- should I be concerned?


Notice to Interest Checking and Non-Interest Checking Accountholders

Effective immediately, the bank may make a change in your Checking Account that will not affect your available balance, interest earnings, FDIC insurance, or bank statement. This account will consist of a checking sub account and savings sub account. The bank may periodically transfer funds between these two sub accounts. On a sixth transfer during a calendar month, any funds in the savings sub account will be transferred back to the checking sub account. If your Account is a Product on which interest is paid, your interest calculation will remain the same. Otherwise the savings sub account will be non-interest bearing. The savings sub account will be governed by the rules governing our other savings accounts.

ebworthen's picture

"Dear Customer,

We need to shuffle money about to screw you over and cook our books.



Reference the Wells Fargo story on ZH a couple of days ago; could be they are usnig sub-accounts to create overdraft charges.

Also sounds like they don't want you to make more than six transfers from checking to saving (?).

I would say change banks and tell your current bank that you don't like statements about your money that make no sense .

Dapper Dan's picture

First thing is to check the link posted below, then if needed get in the car and race to the bank,

withddraw all the money from your accounts while screaming "Glass-Steagall, Glass-Steagall"

then scream "save me Tom Cruise, save me Oprah"

Unofficial Problem Bank List Nov 18, 2011


Piranhanoia's picture

he said "bank"   hehe  hehe heehehehe  yeah,  bank,  he, hehe.

Seriously, get thee to a credit union and make sure they aren't MERS members (land theft by computer)

MFL8240's picture

Senator Corzine??  Or Criminal Corizine friend of Obamas?  Who the hell wants to listen to this scumbag or his scumbag attorneys??  They need to strip Corizine of all his personal assets and stick his ass in jail till his memory improves and he tells them where the money went.

eblair's picture

Will they have to refer to him as Senator?  That would be choice.  Maybe Governor?

hangemhigh77's picture

I think the use of a baseball bat here would be appropriate. The LAW??? Ahahahahahahahahaha  R U KIDDING ME!!  LAW?  FOR WHO????

SokPOTUS's picture

Albert Pujols is a Free Agent right now.  I say the Senate Banking Committee calls his Agent soon to tender an offer.

RichardENixon's picture

One swing would do it. I'd watch that.