Posted on 12/09/2011 6:09:02 AM PST by tcrlaf
About $2 billion worth of European bonds owned by MF Global were bought by billionaire investor George Soros's family fund, the Wall Street Journal wrote on Friday, quoting people close to the matter.
On October 31 MF Global collapsed into the eighth-largest bankruptcy in U.S. history and an estimated $1.2 billion in client funds remains unaccounted for.
SNIP
hey were turned over to KPMG, MF Global's bankruptcy administrator in London; they were then offered to big investors immediately after the company's collapse by MF Global's London clearing house, LCH Clearnet, the paper said, quoting a KPMG spokeswoman.
A number of large investors passed on the bonds but, according to people close to the matter quoted by the Wall Street Journal, Soros's interest was piqued and he bought around $2 billion of the bonds at a level below the market price at the time.
(Excerpt) Read more at cnbc.com ...
HOPEY CHANGEY, SUCKERS!
(And frankly, I'm shocked CNBC would even mention this...)
The comments are interesting, too:
“He may of bought $2 billion on bonds but he may have only paid $ 200 million or about 10% on the dollar for the bonds.”
“Hopefully Corzine did not allegedly pass these assets out of the hands of their rightful owners to his friends at a reduced price, which would or should allegedly be criminal.
Corzine and other MF Global officers should allegedly be prevented from holding positions of responsibility in the future involving the public or the public’s funds.”
In the aftermath of the theft, another big Obama money guy manages to snatch some bonds super-cheap, further reducing the funds available to make-whole the victims of the first Obama money guy.
There's less and less to distinguish Democrat-ruled America from Putin-ruled Russia.
...other than face down in the day room at Leavenworth.
“In the aftermath of the theft, another big Obama money guy manages to snatch some bonds super-cheap, further reducing the funds available to make-whole the victims of the first Obama money guy.”
And it gets even better....
The bonds that Big Obama Guy bought get made WHOLE, with 70% of the money coming from....
Wait for it....
Wait for it....
THE U.S. TAXPAYER!!!!! (through the IMF Euro Bailout)
Like I said, Isn’t it great to be the puppetmaster?
a nation of sheep breeds a gov’t of wolves
If you stop and think about it, the unions and other thugs can't come up with a $billion, so it will have to come from overseas or some rich cartel. Soros would be the most obvious, but any of them could be the big player.
Betcha Obama gives Soros a bailout!!!!
I agree! BUT only after a trial with a conviction.
This appears to be just another way to launder money to Obama. Corzine gets to keep his fortune. Sorors skims off his fee. Obama bails out Europe and those “suckers” who had cash with MF Global get to fund the DNC/Tides Foundation/moveon.org/OWS,/NPR news, and a myriad of other left wing outfits.
You’re going th have to prove to me that Corzine and Soros don’t know each other and have never been seen together before I’ll belive this transaction was anything other than an INSIDE DEAL!
Can we now take both of these guys down at the same time?
Maybe Corzine and Soros were going to use the bonds to develop viable solar power technology. For the American people. The children, mostly.
“Hopefully Corzine did not allegedly pass these assets out of the hands of their rightful owners to his friends at a reduced price"That's the question that occurred to me when I saw that MF Global had dealings with Soros with those bonds -was it an arm's length transaction or was it a sweetheart deal?
Did Corzine steal a billion dollars from MF Globalinvestorssuckers, and launder it through Soros?
I’m betting Bernie Madoff is wishing he’d kicked in a few more dollars to O-blamer and his cronies election fund back in ‘07!
Can someone explain why Soros did this and what he stands to gain from it? I mean, why are MF Global bonds worth anything? In fact, isn’t he taking a chance that he’ll get nothing in return?
The link between Soros and Corzine is Munir Javeri:
Javeri was hired by Corzine back in Feb. Javeri was a VP of Soro’s Fund Management.
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