Listening
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- Aug 27, 2011
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The second said that disgraced former New Jersey Gov. and Sen. Jon Corzine took home more than $3 million in the last year as he was running MF Global into the ground. In what may be the 2011 prize for chutzpah, Corzine made it a point that he would not press for $12.1 million in severance payments from what is now a corpse of a company. Gee, thanks, Jon.
In case youre counting, its been seven long months since Corzines firm was forced to file for bankruptcy, leaving 3,200 people without jobs. Thats about the number who work at Facebook.
Since then, not a penny of the billion-plus in missing funds has been recovered. Mr. I Dont Know Where the Money Is hasnt even been hit with civil charges, after he assured Congress late last year that he never intended to break any rules.
Perhaps not. But in the commodities pits in Chicago, the anger is palpable. Someone at MF Global made the decision to swipe customer money, John Roe, head of the Commodities Customer Coalition, told the Financial Times. If nothing happens, this means people can misuse customer funds and have no criminal liability.
If Corzine didnt order the transfer of assets, he should be forced to testify about who did and why he didnt supervise the transactions.
Many industry executives have now resigned themselves to the idea that there will be no charges forthcoming, despite the massive losses incurred by upwards of 30,000 customers.
Little wonder. Corzine, who is considered one of President Obamas most effective bundlers of campaign contributions, used his influence with laser-like focus before the firms demise.
Read more: Terry Keenan: Lack of charges for former MF Global boss Jon Corzine shows there's no justice on Wall Street - NYPOST.com
We need more regulations !!!
The ones we have don't seem to do any good. Or does Obama really want to press Corzine in court ?
Three million.......After losing how much ?
And the morons on the left gripe about Bain ?
ROTFLMAO
In case youre counting, its been seven long months since Corzines firm was forced to file for bankruptcy, leaving 3,200 people without jobs. Thats about the number who work at Facebook.
Since then, not a penny of the billion-plus in missing funds has been recovered. Mr. I Dont Know Where the Money Is hasnt even been hit with civil charges, after he assured Congress late last year that he never intended to break any rules.
Perhaps not. But in the commodities pits in Chicago, the anger is palpable. Someone at MF Global made the decision to swipe customer money, John Roe, head of the Commodities Customer Coalition, told the Financial Times. If nothing happens, this means people can misuse customer funds and have no criminal liability.
If Corzine didnt order the transfer of assets, he should be forced to testify about who did and why he didnt supervise the transactions.
Many industry executives have now resigned themselves to the idea that there will be no charges forthcoming, despite the massive losses incurred by upwards of 30,000 customers.
Little wonder. Corzine, who is considered one of President Obamas most effective bundlers of campaign contributions, used his influence with laser-like focus before the firms demise.
Read more: Terry Keenan: Lack of charges for former MF Global boss Jon Corzine shows there's no justice on Wall Street - NYPOST.com
We need more regulations !!!
The ones we have don't seem to do any good. Or does Obama really want to press Corzine in court ?
Three million.......After losing how much ?
And the morons on the left gripe about Bain ?
ROTFLMAO