Posted on 11/05/2011 2:08:09 PM PDT by jimbo123
Where oh where did Corzine’s $630 million go to? The search and rescue teams are all about the mighty financial institutions madly trying to find $630 million of customers money that stupidly and unethically and perhaps illegally was commingled with MF Global’s own capital in order for the firm to stay in business and avoid that deadly credit rating reduction that was one of a number of kisses of death.
Is it at JP Morgan? At first, it was announced to be resting easily and safely at the House of Morgan. But, apparently not.
(Excerpt) Read more at forbes.com ...
For those who don’t know why the dog’s leg is there. It means that he is more crooked than a dog’s hind leg.
Yes, apparently Gerald Celente was one of the thousands that were hammered by Corzine’s incompetence. It is interesting to see how many of these supposedly savvy financiers are taking their companies into bankruptcy. If ever there was an example of why it is important to diversify your assets, this is it.
LOL!
I read an article that JPMorgan has asked to be superior to the clients in the bankruptcy.
That means JPMorgan wants the money that is left BEFORE the clients will see a dime. It is scandalous. JPM filed a brief at court to request this, and there has been a brief filled to the court not to do so.
So, we will see if the courts will up hold the clients right to their own money before JPM.
Here is a link:
The Coalition of Customers of MF Global File a Motion To Release Their Funds
http://jessescrossroadscafe.blogspot.com/2011/11/ii.html
Corzine was a former head of Goldman Sachs ... what else does any investor need to know ... the guy was the head of one of the largest criminal enterprises in the world. Investing money with Corzine is similar to dropping your virgin teenage daughter off at Occupy New York!!!!
Another political insider slush fund?
MF Global’s Downfall Raises Question on Fed’s Primary Dealer Pick
Corzine very quickly tried to make the company into a mini-Goldman Sachs. He lobbied the New York Fed to make MF Global one of the handful of banks authorized as primary dealers of U.S. treasury bonds. Corzine got his wish: The man who helped him get it was the New York Fed’s president and CEO - William Dudley - a partner at Goldman until 2007.
despite President Obama decrying ‘Wall Street Fat Cats’ - Corzine has already helped to raise at least half-million dollars for President Obama’s re-election.
http://www.foxbusiness.com/on-air/willis-report/blog/2011/11/07/jon-corzine-too-big-jail
Trust a liberal, you will get screwed!
If your online broker goes tits up and their website goes offline do you have your latest statement saved? Not that that is much in the way of proof but it’s better than nothing. I didn’t but now do.
Also, I’m thinking I need to divide my money into more than one basket.
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