[quesney]

Good grief. How do you "lose" $1.2 BILLION?

I'm guessing Wall Street has also lost the average retail investor's trust for at least a generation.

[unkus]

Good grief. How do you “lose” $1.2 BILLION?

---

Off shore bank accounts.

[meatloaf]

That’ll leave a mark!.

[Pearls Before Swine]

If segregated funds aren’t segregated, major jail time is called for. Even following orders on this should be severely punished.

There is an investors protector insurance group, but as far as I know, that’s for securities. I don’t know if there’s any protection for commodity accounts once the rules of conduct and the exchange oversight have been breached.

[Kartographer]

Time to invest in Orange Jumpsuit, handcuff and leg chain manufacturers.

[circlecity]

"Good grief. How do you "lose" $1.2 BILLION?"

by stealing money from customer's segregated accounts to make super high risk investments. They bet wrong and lost the money they converted from their customers in the market.

[olrtex]

“Good grief. How do you “lose” $1.2 BILLION?”

You don’t lose it, of course. You steal it. In essence, this appears to be plain old theft. You simply take funds from customer accounts and use them (and lose them) in your business. As of now, Corzine appears to be a common thief who wormed his way into the big leagues.

All of that said, it is still early; so maybe there is some other explanation. For the sake of the account owners, I hope so.

[Kartographer]

"Good grief. How do you "lose" $1.2 BILLION?"

Security Sergeant Montone: "Nelson, we're talking about nuclear detonators here. You don't just "lose" them and then "find" them again. You lose your *comb* and then find it, but not nuclear detonators. I want to know *when* and *where* they were found. You get my drift?"
From the movie 'Outland' (1981)

[Hoodat]

Culture of Corruption

[org.whodat]

You trust your money on wall street, if you do, buy a fish bowl and drop a “BB” into it, stand back and look at amazement at a graphic display of your brain inside your skull.

[rokkitapps]

Incredible no one goes to jail over this stuff.

[silverleaf]

http://barnhardt.biz/

Read Ann Barnhardt’s Farewell to the Markets message

(Also check out her Youtube vids- she rocks!)

[Mr. K]

Put Corzinne in a cell next to Bernie Madoff

[Terry Mross]

DNC Swiss accounts.

[Texas Fossil]

We are now moving at faster than the speed of light? We crossed over to another dimension and are winking out of the space/time continuum? You have just entered the Twilight Zone.

[NativeNewYorker]

Corzine needs to see the inside of Rikers Island for an extended stay. That’s the only way to prevent future episodes like this.

[TexasCajun]

FOB - Friends of Bari

Corzine was one if Bar's economic advisers and big-time campaign bundlers.

[Qbert]

Obama Flashback: Praises White House ‘Partner’ Jon Corzine ... ‘He Tells It to You Straight!’

http://nation.foxnews.com/president-obama/2011/11/16/obama-flashback-praises-white-house-partner-jon-corzine-he-tells-it-you-straight

[crosshairs]

Corzine gets half. The O’Bastard campaign war chest gets the other half.

[ml/nj]

Shortfall Could Be $1.2 Billion+

Note the plus sign. I think when this all broke Ann Barnhardt was using the number $1.6 Billion.

The big question really is: why hasn't Jon Corzine been indicted yet?

ML/NJ

[apoliticalone]

They really need to take these financier terrorists who steal billions of other peoples money (including taxpayers) and put them in front of a firing squad, instead of dealing with them judiciously with kid gloves and fancy prisons. The level of these thefts should require capital punishment.

The policy should have been implemented starting in 2008 with Madoff and then moved on to the many others. It would put an end this financial thievery and skullduggery.