Money From MF Global Feared Gone

Banjo · Jan 30, 2012

Unfreakingbelievable in a day and age where they know where every hair on my ass is.

http://www.nypost.com/p/news/business/mf_global_client_money_feared_gone_cH697LFiURrTtKEQvrzjdI

http://www.marketwatch.com/story/mf-global-and-the-lie-about-safe-accounts-2012-01-30

Chicago_CTA · Jan 30, 2012

Time for a GRAND JURY for Corzine, Abelow & Steinkampf.

Maybe some ambitious REpublicans will pick up the issue. . .

TraDaToR · Jan 30, 2012

It is not "vaporization" or disappearance IMO, it is just trading losses of illegal collateral( customer's money ). The question is if they can do something against people on the other side of the trade.

pupu · Jan 30, 2012

Another Brilliant move by Corzine. That GS background is really shining through.

He would make a perfect running mate for Mitt!

MarketMasher · Jan 30, 2012

http://www.reuters.com/article/2012/01/19/us-mfglobal-jpmorgan-idUSTRE80I02520120119

maybe jpm....

MKTrader · Jan 30, 2012

Quote from pupu:

Another Brilliant move by Corzine. That GS background is really shining through.

He would make a perfect running mate for Mitt!

Well, he's Obama's #1 Wall St. fundraiser and at least 100X more corrupt than even Romney. He should be the new Treasury Secretary. He'll in perfectly with Eric Holder (who hasn't said a word about MF...too busy with Fast & Furious?) and the rest of the current crooks in the administration.

Maverick74 · Jan 30, 2012

Quote from MKTrader:

Well, he's Obama's #1 Wall St. fundraiser and at least 100X more corrupt than even Romney. He should be the new Treasury Secretary. He'll in perfectly with Eric Holder (who hasn't said a word about MF...too busy with Fast & Furious?) and the rest of the current crooks in the administration.

He was actually in the running to be Obama's Treasury Secretary.

lindq · Jan 30, 2012

Quote from Maverick74:

He was actually in the running to be Obama's Treasury Secretary.

And Corzine/MF is yet another example of the complete waste of human flesh that occupies the desks at the SEC.

For another, tune into the Allen Stanford trial, where it has become clear that this slime ball was reported to the SEC five years ago. His response when questioned by the fools at the SEC? He put former SEC investigators on his payroll to lobby the agency and other regulators, letting him continue scamming thousands of average investors.

MKTrader · Jan 31, 2012

This is a good response to a recent WSJ article.

http://www.zerohedge.com/contribute...ere-not-vaporized-stanley-haar-takes-wsj-task

Two problems: (1) customers' funds were stolen and (2) bankruptcy process made no sense at all (except to protect the
JP Morgans of the world).

Really, really bad precedent is being set here. It's a travesty this isn't a huge national issue with implications for the next election.

dafeeder · Jan 31, 2012

I was recently a Jury member, in Federal court over a young rancher charged with defrauding the US on a cattle loan. The rancher sold some of the cattle that were pledged to FSA. Anyway for about $40,000, this young rancher could get up to 5 years in Pen and up to a $250,000 fine, not to mention the $40,000 per year it will cost to house this young farmer in the Pen. The whole court case should have been tried as a Civil matter, instead of a criminal one and would have saved the Tax payer money in the long run, since FSA was also at fault.

My point is this: The US Govt put this kid away for a small amount of about $40,000 instead of just making him pay the money back. MF Global steals 1.2 Billion and nobody has been arrested.

This is what's wrong with America. There are 2 sets of laws. One for the rich and 1 for the poor.