MF Global - WTF! Customer money gone missing?

[BSAM]

As long as you have thugs in the government, you will surely have thugs on Wall Street.

 

[benwm]

Corzine's also waiting for $12 million cheque so you need to wait in line for him to get paid first.

 

[Crispy]

Quote from beachhouse:


Is there an honest broker? Just brokering? No tricks to steal money from retail customers?

Find one thats agency only.

 

[atticus]

Quote from benwm:

Corzine's also waiting for $12 million cheque so you need to wait in line for him to get paid first.

ha, that's not going to happen. Not that it matters as the guy is sitting on $200MM net of the IPO and election cash blow.

 

[Chicago_CTA]

With this great success, Corzine will surely be offered a position as OBAMA'S TOP ECONOMIC ADVISER FOR 2012!!


GO OBAMA!!!!

 

[Bob111]

aaaa...mmmm...on similar note..

Pension Red Alert: 70% Of Pensions Are Never Audited

http://www.forbes.com/sites/edwards...n-red-alert-70-of-pensions-are-never-audited/

 

[southbeach4me]

He should go to jail for gross negligence and fraud. What an IDIOT !!

 

[beachhouse]

Quote from Bob111:

aaaa...mmmm...on similar note..



http://www.forbes.com/sites/edwards...n-red-alert-70-of-pensions-are-never-audited/

A high probability of some of them being ponzi schemes.

 

[achilles28]

Anyone get the feeling guys like Corzin are professional bagmen?

MFG was leveraged 80 to 1. How does that happen?

Who lends to that?

This is the same thing the IMF does to third world countries - gear them up to the hilt, blow them out, then buy up the pieces for pennies on the dollar.

 

[cdcolvin]

Quote from benwm:

Such a finding would move the discussion from sloppy internal controls at MF Global to something more troubling. While the investigation is in its early days, it raises the specter that regulators could sanction the firm or the employees responsible.

MF Global and Mr. Corzine have not been accused of any wrongdoing. [/B]

Sanction? Give me a break! It's crooks like these that spawned the occupy Wallstreet movement. If these buggers comingled customer money with company money then loooong jail sentences in the ADX Supermax in Florence CO. Better yet, Guantanamo Bay, Cuba.

Why is it that people who steal millions or billions through a few keystrokes get a country club atmosphere (Lompoc) and a guy who burglarizes a home can get stuck in Florence (rhetoric noted)?