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Posted on 11/14/2012 1:37:51 PM PST by aimhigh
Poor management decisions by MF Global's former CEO Jon Corzine triggered the brokerage firm's collapse, while lax protections for customer funds contributed to the loss of an estimated $1.6 billion of customer money, U.S. congressional investigators have determined.
(Excerpt) Read more at chicagotribune.com ...
So the BTK’s twin bro will get a slap on the peepee and a stern warning?
Shouldn’t this be put in the “No shit Sherlock” file?
But Corzine is a good Democrat. Good Democrats don’t do this sort of thing, do they????
Shouldn’t this be put in the “No shit Sherlock” file?
You took the words right off my laptop!
That should read: “John Corzine (D-NJ) is to blame for MF Global fall”
This is extremely bizarre.
“Lax protection for customer funds.” That’s an interesting way to describe using (supposedly) segregated customer funds to back up your own tanking risky trading schemes.
If they had no legal right to use these funds in this way, isn’t it theft and fraud, not just “laxity?”
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