Corzine’s Testimony Came With Plenty of Caveats (George Soros, Obama fundraising...)

NY Times ^ | 12/10/11 | PETER J. HENNING

[jimbo123]

MF Global’s former chief executive, Jon S. Corzine, was gingerly questioned by the House Agriculture Committee for almost three hours on Thursday, in the end saying little enlightening about the firm’s collapse or the customer money that has gone missing.

It seems unlikely that anything at the hearing can be used against him by criminal and civil investigators, so in that sense the testimony was a victory for Mr. Corzine.

Rather than invoke the Fifth Amendment to protect himself, Mr. Corzine couched his answers with enough caveats and denials of specific knowledge that it would be nearly impossible to claim that he lied or misled the committee. He never even took a firm stand about MF Global’s demise, unlike Enron‘s former chief executive, Jeffrey K. Skilling, who loudly proclaimed he had acted properly when he ran the company – statements that came back to haunt him at his criminal trial a few years later.

[jimbo123]

Soros and Corzine are joined at the hip on this one.

[Lockbox]

Soon they will get the letter stating:

"It is now my understanding that I answered a few of the questions inaccurately, although at the time I thought they were accurate. Of course, it was not my intent to mislead staff in any way, but to the extent that I was unclear in my responses, or that my declining to answer questions created confusion, I regret it and I sincerely apologize."

[Errant]

Soros Takes on Corzine’s European Bond Bet "Knowledgeable sources told the Journal that Soros purchased the bonds below their then-market value. Soros still holds the bulk of what he bought, and may be in the black, they say.

Soros is taking the same gamble that Corzine did, betting that Italy won’t default on its debt before the bonds mature in December 2012, or at least before he sells them. That essentially means Soros is betting that the euro won’t collapse."

Maybe it's another reason Obama is having the Fed bailout the Euro?

[grumpygresh]

NYT seems relieved that MFer Corzine passed his first test and may face only civil penalties. Corzine probably intentionally caused the bankruptcies which gave him a pretext to raid the segregated accounts. The money is most likely available to him and his partners in crime somewhere abroad. Other Marxist banksters will follow suit and another firm will be cannibalized in a similar fashion. Eventually, if this continues and larger firms fail, we will have a financial panic of epic proportions.

[Errant]

Is that Corzine standing behind Soros?