The big question is the collateral damage to the world financial institutions. Some of the "too big to Fail" U.S. Banks are very very heavy with derivatives.
Are we being played into the hands of the Globalists? Probably.
I was absolutely ‘stunned’ when I saw the sign placed in front of Corzine at the hearing today. It read “The Honorable Jon G. Corzine”. You can see it in the photo with the article. Really??????
Why isn’t he being perp walked?
...in other unrelated news the obama regime has reached their goal of one billion dollars in campaign funds.
Wasn’t he hired ti provide OVERSIGHT!!!!
Stuned? Beeber?
I can picture the conversation like this:
“Hey boss, where’s that few hundred million dollars- I thought it was in my wallet- did you have it last?”
Corzine: “Gosh no, I thought you had it~! Boy are our faces red”
Somebody oughta check “Bammy’s campaign warchest....
He signed the Sarbanes–Oxley document putting himself on the line for the accuracy of his company’s accounting. The accounting was fraudulent. He either goes to jail or we no longer are a nation of laws.
No Trace of 1200 million MILLION dollars..(1.2 billion) !!!
Anyone that believes that theres no receipts in some form are crazy...
Someone on NRO pointed out that “I have no idea where the money is” is a felony under Sarbanes-Oxley. He should have been frogmarched right out of the Capitol.
Corzine should be in prison until he remembers where the money went. Maybe he could share a cell with Holder who should stay until all the guns are recovered.
It’s certainly lucky that he knows where his own funds are.
If just one person (conscience? desire to be first to go states' evidence?) flips, then Corzine (and his confederates) are toast, n'est ce pas?
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Jon is only surprised that he got caught out so quickly.
http://www.reuters.com/article/2011/12/06/us-mfglobal-agriculture-idUSTRE7B509620111206
Besides what you read in that link, when that money went missing from those private accounts, clients who were on margin got a call telling them their account was at zero dollars and need to come up with the required maintenance money by the end of the trading day or their position(s) would be liquidated to meet the margin requirements.
Congress or whoever is trying to close the loophole but trying to slam the door after the horses ran away and the barn burnt down accomplishes what?
Don’t think the insurance pool is going to be tapped on this one since using client’s money was all legal and above board. Can’t wait to see the highlighted print in the House Contract.
Shocked or not, involved in the fraud or not, Sarbanes-Oxley makes Corzine himself legally liable for what he certified in his capacity as CEO.