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Hundreds of millions missing from Corzine-run brokerage firm [ #occupy DNC ]
MSNBC ^
| Nov 1 2011
| MSNBC Staff
Posted on 11/01/2011 7:56:47 AM PDT by NoLibZone
click here to read article
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1
posted on
11/01/2011 7:56:50 AM PDT
by
NoLibZone
To: NoLibZone
2
posted on
11/01/2011 7:59:02 AM PDT
by
NoLibZone
(Occupy is the DNC's use of children,indigent & infirm to push back TeaParty calls for smaller gov't)
To: NoLibZone
I see. Another one of those “smartest guys in the room” who make dreadful investments; and now his firm has lost 600-million-dollars in client funds.
Another nightmare of greed and stupidity going hand in hand.
3
posted on
11/01/2011 8:00:09 AM PDT
by
RexBeach
(There is no such thing as a good tax - Winston Churchill)
To: NoLibZone
He’s perfect for Treasury under the Obama administration.
4
posted on
11/01/2011 8:00:36 AM PDT
by
skeeter
To: NoLibZone
Reckon they dropped the number because “millions missing” sounds better than a billion?
To: NoLibZone
Strange, it doesn’t mention if he is a democrat or a republican. Just on oversight, I am sure.
6
posted on
11/01/2011 8:01:21 AM PDT
by
Tulane
To: All
To: NoLibZone
“missing” is not the same thing as “lost” - as in “trading losses.” So which is it? I’m betting it’s the latter.
8
posted on
11/01/2011 8:02:50 AM PDT
by
the invisib1e hand
(...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
To: NoLibZone
Ther can be a big difference beween “missing” and “lost.” “Lost” implies money was lost on trades or in the course of ordinary good-faith business transactions gone bad. “Missing,” OTOH, implies that a Bernine Madoff-type individual absconded with the money. Which is it???
To: NoLibZone
Corzine is (was) on the list to replace Geithner if he left!
WOW!!!!
Occupy DNC.
10
posted on
11/01/2011 8:03:10 AM PDT
by
NoLibZone
(Occupy is the DNC's use of children,indigent & infirm to push back TeaParty calls for smaller gov't)
To: NoLibZone
Customers funds were commingled with the firm’s $$ to meet margin accounts. Somebody BIG had to give the orders..no cler will do this on his own..it means JAIL..maybe for Corzine..
11
posted on
11/01/2011 8:03:38 AM PDT
by
ken5050
(Cain/Gingrich 2012!!! because sharing a couch with Pelosi is NOT the same as sharing a bed with her)
To: NoLibZone
Customers funds were commingled with the firm’s $$ to meet margin accounts. Somebody BIG had to give the orders..no clerk will do this on his own..it means JAIL..maybe for Corzine..
12
posted on
11/01/2011 8:03:46 AM PDT
by
ken5050
(Cain/Gingrich 2012!!! because sharing a couch with Pelosi is NOT the same as sharing a bed with her)
To: NoLibZone
Customers funds were commingled with the firm’s $$ to meet margin accounts. Somebody BIG had to give the orders..no clerk will do this on his own..it means JAIL..maybe for Corzine..
13
posted on
11/01/2011 8:03:47 AM PDT
by
ken5050
(Cain/Gingrich 2012!!! because sharing a couch with Pelosi is NOT the same as sharing a bed with her)
To: NoLibZone
Oh wait! Dig into this! It may be that MF was money-laundering stimulus cash for the White House.
Yes, this could get interesting.
14
posted on
11/01/2011 8:03:58 AM PDT
by
the invisib1e hand
(...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
To: NoLibZone
"initially thought some $950 million was missing, but this figure dropped to less than $700 million." New York Times Headline: "Corzine improves company performance by 30%!"
Washington Post Headline: "You're in good hands with Corzine!"
Shall we continue?
To: ken5050
the “customer” was probably the Treasury.
16
posted on
11/01/2011 8:04:59 AM PDT
by
the invisib1e hand
(...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
To: NoLibZone
Wonder if Baraq and MooseChelle have their 401ks there?
17
posted on
11/01/2011 8:05:18 AM PDT
by
nascarnation
(DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
To: RexBeach
He is a smart guy. He made sure he gets paid 12M when the firm is sold. Too bad the deal fell through.
To: the invisib1e hand
No..these were private and institutional customers separate faccounts......
19
posted on
11/01/2011 8:08:25 AM PDT
by
ken5050
(Cain/Gingrich 2012!!! because sharing a couch with Pelosi is NOT the same as sharing a bed with her)
To: NoLibZone
Reports Corzine Being Eyed As Possible Replacement For Geithner
NEW YORK (CBS 2) Former New Jersey governor Jon Corzine may be looking at a new job in Washington.
Hes reportedly being eyed as a possible replacement for Treasury Secretary Timothy Geithner.
Thats if Geithner leaves before the end of President Obamas first term.
http://newyork.cbslocal.com/2011/08/05/reports-corzine-being-eyed-as-possible-replacement-for-geithner/
20
posted on
11/01/2011 8:12:53 AM PDT
by
NoLibZone
(Occupy is the DNC's use of children,indigent & infirm to push back TeaParty calls for smaller gov't)
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