Jon Corzine leads campany to bankruptcy, resigns and hires attourneys

Discussion in 'Politics' started by Grampa Murked U, Nov 4, 2011.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Well how could this happen?

    A Democrat..... Let me repeat that A DEMOCRAT led another one of our institutions down the tubes. 20 months after taking over the firm goes belly up. This bankruptcy is the nations 7th largest in history.
    I thought democrats knew what we needed after the financial collapse? It's nuts. Many are saying he single handidly destroyed this company with his reckless vision.

    MF Global CEO Jon Corzine resigns under fire | Reuters

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    The New York-based company's decline accelerated last week after it revealed more details about this exposure, posted a larger-than-expected quarterly loss, and was downgraded by major credit rating agencies to "junk" status.

    U.S. regulators, meanwhile, are conducting a broad review of the company's business as they try to track down more than $600 million of missing customer money.
     
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  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    He nearly bankrupted New Jersey
     
  3. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Democrats like to blame all this on greedy republicans yet here we have a.......?
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    And he funnled money to Obamas campaign...shades of Solandrya
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    [​IMG]
     
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  6. Trajan
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    Trajan conscientia mille testes

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    what interesting to is, especially in the NY Times articles, they had several about MF etc., no where do they say Corzine was a dem. senator and gov. sasnd major bundler for Obamaetc.....typical.*shrugs*

    oh and he apparently condoned using client money without their permission to buy the bonds etc. that sunk the co. His ass should go to jail.
     
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  7. eflatminor
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    eflatminor Classical Liberal

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    Well obviously, we just need to grant more power to regulators, create a few new laws, and increase funding. Just look at how well that strategy has worked so far...:cuckoo:
     
  8. Teals_Of_Wonder
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    Teals_Of_Wonder BANNED

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    Everything that involves Dem's and millions of dollars involves a ponzie&money laundering scheme,just like with Solyndra. Obamaz&Cronies= The Next Bernie Madoff scheme.
     
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  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Corzine made off with $700MM of his clients money too. When the auditors came in, they shifted the money to the client accounts, as soon as they left, it went back to Corzine & Co.

    This is a great lesson is seeing how much of a fraud Social Security is too. The money we put into Social Security is immediately co-mingled to fund operations of the house and instead they give us "securities" that can only be bought by the house. That's how Corzine wanted to run FU Capital.

    The main difference between Corzines FU Capital and Social Security is that his clients actually have a chance of recouping some of the money they had with the firm; we'll never see a dime of what we put into bankrupt Social Security
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Corzine was going to be Obama's SecTres and probably will still be. Look at what Obama's done to the country: downgraded, record debt and deficits and continues to spend like a crack ho. Corzine might be an improvement
     
    Last edited: Nov 4, 2011

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