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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
Snip-
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.
The "street" operates by investing in European debt? Really? Amazing that I've had investments in various markets for 25 years now. Not once did I make such an investment.
Yeah..sure does. It invests in all sorts of zany things. You ever take a look at the Options Market? Futures? Funds? It's like legalized gambling..except if you win you aren't always assured a payoff.
I've made excellent returns in options and futures, but always in conjunction with a well diversified portfolio with a range of investments, from the ultra safe to the somewhat risky. My point is that Corzine is so wed to the idea of bailouts that he bet the house on it. That is not a diversified strategy and again, he should fail.
The "street" operates by investing in European debt? Really? Amazing that I've had investments in various markets for 25 years now. Not once did I make such an investment.
Yeah..sure does. It invests in all sorts of zany things. You ever take a look at the Options Market? Futures? Funds? It's like legalized gambling..except if you win you aren't always assured a payoff.
Really?
Firms can take customer money like Corzine did and invest it in all zany things?
Are you sure?
Yeah..sure does. It invests in all sorts of zany things. You ever take a look at the Options Market? Futures? Funds? It's like legalized gambling..except if you win you aren't always assured a payoff.
I've made excellent returns in options and futures, but always in conjunction with a well diversified portfolio with a range of investments, from the ultra safe to the somewhat risky. My point is that Corzine is so wed to the idea of bailouts that he bet the house on it. That is not a diversified strategy and again, he should fail.
I think he took a big risk..hoping for big rewards. The company was over leveraged in the first place. And here's the thing..nobody would be complaining if he won. It's like the old saying goes, success has many fathers..failure is a lonely orphan.
Really?
Firms can take customer money like Corzine did and invest it in all zany things?
Are you sure?
Yeah..they do crazy things like bundle sub-prime loans into derivatives and offer them up as grade A financial products. Just ask the S&P. Top notch..dude...top notch.
You keep saying you worked "on Wall Street" and yet you seem to have less than a vague notion about anything we're discussing.
What does illegally co-mingling clients funds have to do with how Fannie and Freddie conducted themselves?
I've made excellent returns in options and futures, but always in conjunction with a well diversified portfolio with a range of investments, from the ultra safe to the somewhat risky. My point is that Corzine is so wed to the idea of bailouts that he bet the house on it. That is not a diversified strategy and again, he should fail.
I think he took a big risk..hoping for big rewards. The company was over leveraged in the first place. And here's the thing..nobody would be complaining if he won. It's like the old saying goes, success has many fathers..failure is a lonely orphan.
All true.
Just to be clear however, I'm not complaining as long as I'm not asked to bail these guys out. Their risk, their reward...or failure. Not my problem.
Yeah..sure does. It invests in all sorts of zany things. You ever take a look at the Options Market? Futures? Funds? It's like legalized gambling..except if you win you aren't always assured a payoff.
I've made excellent returns in options and futures, but always in conjunction with a well diversified portfolio with a range of investments, from the ultra safe to the somewhat risky. My point is that Corzine is so wed to the idea of bailouts that he bet the house on it. That is not a diversified strategy and again, he should fail.
I think he took a big risk..hoping for big rewards. The company was over leveraged in the first place. And here's the thing..nobody would be complaining if he won. It's like the old saying goes, success has many fathers..failure is a lonely orphan.
Yeah..they do crazy things like bundle sub-prime loans into derivatives and offer them up as grade A financial products. Just ask the S&P. Top notch..dude...top notch.
You keep saying you worked "on Wall Street" and yet you seem to have less than a vague notion about anything we're discussing.
What does illegally co-mingling clients funds have to do with how Fannie and Freddie conducted themselves?
You know I always hear you guys bray about when a conservative is accused everyone should "cool" down and wait on the results of the investigation. The converse is true when a liberal is accused. Instant guilt.
Funny that.
Yeah..sure does. It invests in all sorts of zany things. You ever take a look at the Options Market? Futures? Funds? It's like legalized gambling..except if you win you aren't always assured a payoff.
I've made excellent returns in options and futures, but always in conjunction with a well diversified portfolio with a range of investments, from the ultra safe to the somewhat risky. My point is that Corzine is so wed to the idea of bailouts that he bet the house on it. That is not a diversified strategy and again, he should fail.
I think he took a big risk..hoping for big rewards. The company was over leveraged in the first place. And here's the thing..nobody would be complaining if he won. It's like the old saying goes, success has many fathers..failure is a lonely orphan.
I think he took a big risk..hoping for big rewards. The company was over leveraged in the first place. And here's the thing..nobody would be complaining if he won. It's like the old saying goes, success has many fathers..failure is a lonely orphan.
Like my new sig line?
I think he took a big risk..hoping for big rewards. The company was over leveraged in the first place. And here's the thing..nobody would be complaining if he won. It's like the old saying goes, success has many fathers..failure is a lonely orphan.
What he did is illegal. That doesn't seem to bother you when the person breaking the law is a Democrat.
