MF Global, Money? What Money?

[Trajan]

the MF Global ceo, coo and cfo cannot even come up wiht a BS answer as to where that $1 Billion and change is.

However, after the 3 stooges exited stage left-

snip-

the biggest bombshell came after the three had left, and during the testimony of the last panel, which included CME Group CEO Terrence Duffy, CFTC Commissioner Jill Sommers and MF Global Trustee James Giddens.

During questioning, Duffy said a fellow CME employee had told him that she had been informed that Jon Corzine knew about a loan transfer of $175 million using client money from MF Global. According to Duffy, the employee only told him this past weekend, so he did not know when he testified at the House hearing last week.

That's a heavy statement coming from MF Global's self-designated regulatory authority (CME). This basically contradicts what Corzine has been testifying—that he "did not know" and "did not intend" any transfer of client funds.

Read more: The Biggest Bombshell Of the MF Global Hearing Today Came After Corzine's Testimony

 

[Mad Scientist]

I think Politicians are scared to go after MF Global because Wall Street is what funds their re-election campaigns. And MF Global is just the tip of the iceberg.

 

[Mr. H.]

What is it about money that makes people so fucking stupid?
Democrat/Republican whoever. I've never had the luxury of hearing money talk, yet I've handled millions in my career. Millions of other people's money. Maybe I'm the sucker for being able to account for every penny of it. Maybe that's why I'm a 99er. But damn I love my clear conscience.

 

[Wiseacre]

If true, that sounds like prison time coming.

 

[Dr.House]

 

[Trajan]

and another-

 

[PoliticalChic]

the MF Global ceo, coo and cfo cannot even come up wiht a BS answer as to where that $1 Billion and change is.

However, after the 3 stooges exited stage left-

snip-

the biggest bombshell came after the three had left, and during the testimony of the last panel, which included CME Group CEO Terrence Duffy, CFTC Commissioner Jill Sommers and MF Global Trustee James Giddens.

During questioning, Duffy said a fellow CME employee had told him that she had been informed that Jon Corzine knew about a loan transfer of $175 million using client money from MF Global. According to Duffy, the employee only told him this past weekend, so he did not know when he testified at the House hearing last week.

That's a heavy statement coming from MF Global's self-designated regulatory authority (CME). This basically contradicts what Corzine has been testifying—that he "did not know" and "did not intend" any transfer of client funds.

Read more: The Biggest Bombshell Of the MF Global Hearing Today Came After Corzine's Testimony

Does this mean that Corzine won't be the next Sec'y of the Treasury???


Why????

 

[Trajan]

yup, another hide the salami factoid that the media won't use next year.

if this were a rep. who did same, and you tube was as rife with obama and biden bytes lauding Corzine, once the convention ended you would not be able to go a week without some network or cnn or msnbc prgm built around that video and the gop bashing that would go along with it.

 

[AquaAthena]

yup, another hide the salami factoid that the media won't use next year.

if this were a rep. who did same, and you tube was as rife with obama and biden bytes lauding Corzine, once the convention ended you would not be able to go a week without some network or cnn or msnbc prgm built around that video and the gop bashing that would go along with it.

Of the 200 million potential voters, the MSM are trying to appeal to the 100 million potential voters, who know nothing about the world outside the cobwebs of their individual wetware databases, as that is the only percentage left that doesn't want to know the truth about government and it's impact on the lives of everyone and on a global basis. They want big government to dominate. Most of them have lived in servitude much of their lives and they want to pull those that haven't, down with them. Class warfare, is their card.

 

[Trajan]

well said.

 

[chanel]

Nearly three months after MF Global Holdings collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.

As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a "significant amount" of the money could have "vaporized" as a result of chaotic trading at MF Global during the week before the company's Oct. 31 bankruptcy filing, a person close to the investigation was cited as saying Monday.

Read more: MF Global client money feared gone - NYPOST.com

 

[Trajan]

chaotic trading......

 

[chanel]

Surprise, surprise.

Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.

Most of the blame for those trades fell on its CEO (and ex-New Jersey governor) Jon Corzine, and while his reputation and firm are ruined, it seems he will escape any legal sanction.

No One Will Charged With a Crime for the MF Global Collapse - Yahoo! News

Where are the Occutards now?

Ronald Reagan, George W. Bush, George H.W. Bush, and Clinton Each Prosecuted Financial Crime More Aggressively than Obama

Top economists and financial experts agree that our economy will never recover unless Wall Street fraud is prosecuted. See this and this.

But the government has more or less made it official policy not to prosecute fraud, and instead to do everything necessary to cover up for Wall Street.

Obama Prosecuting Fewer Financial Crimes Than Under Either Bush Presidency

And they say Romney will protect the Wall Street fraudsters?

Obama is sleeping with them.

 

[chanel]

VP Biden says he called Jon Corzine for advice - YouTube

 

[B. Kidd]

Surprise, surprise.

Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.

Most of the blame for those trades fell on its CEO (and ex-New Jersey governor) Jon Corzine, and while his reputation and firm are ruined, it seems he will escape any legal sanction.

No One Will Charged With a Crime for the MF Global Collapse - Yahoo! News

Where are the Occutards now?

Ronald Reagan, George W. Bush, George H.W. Bush, and Clinton Each Prosecuted Financial Crime More Aggressively than Obama

Top economists and financial experts agree that our economy will never recover unless Wall Street fraud is prosecuted. See this and this.

But the government has more or less made it official policy not to prosecute fraud, and instead to do everything necessary to cover up for Wall Street.

Obama Prosecuting Fewer Financial Crimes Than Under Either Bush Presidency

And they say Romney will protect the Wall Street fraudsters?

Obama is sleeping with them.

I agree.

 

[BillyV]

Surprise, surprise.

Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.

Most of the blame for those trades fell on its CEO (and ex-New Jersey governor) Jon Corzine, and while his reputation and firm are ruined, it seems he will escape any legal sanction.

No One Will Charged With a Crime for the MF Global Collapse - Yahoo! News

Where are the Occutards now?

Ronald Reagan, George W. Bush, George H.W. Bush, and Clinton Each Prosecuted Financial Crime More Aggressively than Obama

Top economists and financial experts agree that our economy will never recover unless Wall Street fraud is prosecuted. See this and this.

But the government has more or less made it official policy not to prosecute fraud, and instead to do everything necessary to cover up for Wall Street.

Obama Prosecuting Fewer Financial Crimes Than Under Either Bush Presidency

And they say Romney will protect the Wall Street fraudsters?

Obama is sleeping with them.

Pssst....In case anyone is interested in some REALLY HOT investment advice, the New York Times revealed that Jon Corzine's next ambition is to become a hedge-fund manager. I know I'll be giving the thought of his managing my portfolio all the consideration it is due.

Maybe people will invest with him; it's good to have the president and the Justice Department in your pocket!

 

[B. Kidd]

Our corrupt 'top cop' Holder is a Corzine crony:

CORZINE CRONYISM BOMBSHELL - High Ranking DOJ Lawyers And AG Eric Holder Were Partners In Firm That Represented MF Global - Home - The Daily Bail

 

[waltky]

Is it gonna be a global double-dip recession?...

World stocks mostly down amid economic uncertainty
30 Aug.`12 — Shares fell Thursday as positive news on U.S. economic growth dashed hopes for fresh measures by the U.S. Federal Reserve, and gloomy retail sales in Japan deepened concern over its recovery.

In early European trading, the FTSE index of leading British shares fell 0.2 percent to 5,729.76, while France's CAC-40 also edged 0.2 percent lower, to 3,407.41. The DAX in Germany lost 0.6 percent to 6,966.11. Negative sentiment persisted despite assurances by German Chancellor Angela Merkel, who is visiting China, of the eurozone's commitment to restoring its credibility. Global stock trading has remained thin as investors, wary of taking risky bets, await fresh moves to revive the U.S. economic recovery. Those could come in a key speech by Federal Reserve Chairman Ben Bernanke at a conference in Jackson Hole, Wyoming on Friday.

News that the American economy grew faster than earlier reported in the April-June quarter, at a 1.7 percent annual pace, was a discouraging factor in the sense that it suggests no major monetary easing is likely, said Jackson Wong of Tanrich Securities in Hong Kong. The benchmark Shanghai Composite Index dropped to another three-year low on Thursday, losing 0.03 percent to 2,052.58. "We just don't have any catalyst. No rebound is likely without a major policy move," Wong said. Elsewhere in Asia, the Tokyo Stock Exchange's benchmark Nikkei fell 1 percent to 8,983.78 and South Korea's Kospi slipped 1.2 percent to 1,906.38. Hong Kong's Hang Seng Index also was down 1.2 percent to 19,545.93, while Australia's S&P/ASX 200 shed 0.9 percent to 4,315.70.

Benchmarks in Singapore, Indonesia and Taiwan also fell. In Japan, a larger-than-expected 0.8 percent drop in retail sales in July from the year before added to worries over the economic outlook. Ahead of the opening bell, stocks on Wall Street were trending downward. Dow futures were trading down 0.2 percent to 13,054, while S&P 500 futures were down 0.3 percent to 1,403.50. The euro rose to $1.2557 from $1.2528 late Wednesday in New York. The dollar fell to 78.62 yen from 78.70 yen. Benchmark oil for October delivery fell 19 cents to $95.30 per barrel in electronic trading on the New York Mercantile Exchange.

Source

 

[EdwardBaiamonte]

Surprise, surprise.

Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.

Most of the blame for those trades fell on its CEO (and ex-New Jersey governor) Jon Corzine, and while his reputation and firm are ruined, it seems he will escape any legal sanction.

No One Will Charged With a Crime for the MF Global Collapse - Yahoo! News

Where are the Occutards now?

Ronald Reagan, George W. Bush, George H.W. Bush, and Clinton Each Prosecuted Financial Crime More Aggressively than Obama

Top economists and financial experts agree that our economy will never recover unless Wall Street fraud is prosecuted. See this and this.

But the government has more or less made it official policy not to prosecute fraud, and instead to do everything necessary to cover up for Wall Street.

Obama Prosecuting Fewer Financial Crimes Than Under Either Bush Presidency

And they say Romney will protect the Wall Street fraudsters?

Obama is sleeping with them.

Yes, even after the Dodd-Frank super liberal regulations were supposedly going to protect us.

 

[uscitizen]

Of course all that missing money was paid in taxes to Owebama.