Jon Corzine is Considering Starting A Hedge Fund

Life is short, make as many millions as you can.

If this fund blows up, I say start another one.

and another. as long as you make money, good money.

then run for politics to overall the system.

make more bank!!!

Just don't put too much of your own money in....
 
Quote from BlueTurtle:


Just don't put too much of your own money in.... [/B]
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I think that's the problem. He is said to be broke or very close. He put a ton of money into running for office and then into MFG right before the implosion.
 
nothing happens until somebody sells it. It doesn't matter how skilled a trader you are, you will never raise money on your performance unless a good people person who moves around in circles where people have money can sell it. And anybody who can get elected to any office, whether it's city council, governor or president is just the "people person salesman" and if you have a skill, you need them, because it stands to reason, if you like and are good at trading you probably don't like people all that much (unless they are also traders.)
 
Quote from LincolnArmy:

Why would you not want to leave any traces? You'd be a folk hero! & I'm sure I'm not the only person who would contribute to your defense.

As to the last post, I agree that had Corzine not known about the criminal activity in his firm then he would be criminally negligent. However it completely defies belief that he did not know about his own criminal enterprise. I am so fucking tired of these self professed intelligent people lying and claiming ignorance under oath.

It seems that we are not going to get justice through the courts so I can only hope that someone puts a bullet through his head. The world will be a better place without him.
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+1
 
Quote from billyjoerob:

I think that's the problem. He is said to be broke or very close. He put a ton of money into running for office and then into MFG right before the implosion.
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Not to mention his divorce cost him half of his original fortune.


How can any of us have confidence leaving money with any broker now? I really don't understand how the regulators can allow this blow to confidence in the financial system.
 
Quote from achilles28:

Executive officers with a fiduciary duty operate under a two, or even three man rule, when signing off on large transfers. MFG's holding bank would notify and confirm with at least a couple executives on a transfer of that magnitude *out of* a segregated account. That's a big fucking red-flag. 1.4 Billion out of customer seg?!? That Corzine had no knowledge of the transfer, that nobody on his executive team alerted him, or nobody at his clearing bank?? Bull-fucking-shit. And then Corzine had no clue about the massive long positions on european CDS contracts that were bought weeks, if not months prior, which precipitated the entire loss? C'mon. What are we? 5 years old?? Corzine would have to be medically brain-dead on life support in the ICU not to know about that.o..The guy was in the office practically every day during the run-up to the collapse. And if it was a grand conspiracy (which is utter nonsense) where are the indictments against his executive staff? Corzine is a made-man. But they're not. So what of it. Corzine stole the muthafucking money, just like Madoff. He's guilty as fuck. Anyone who says they're not sure or maybe not is a fucking retard. 1.4 Billion doesn't magically get up and walk out the door. Corzine "has no idea where the money went". He's mystified. Truly.
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+1

If he knew, he should be shot
If he didnt know, well he should still be shot for not knowing.
 
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