Posted on 12/08/2011 6:08:41 AM PST by maggief
NEW YORK (CNNMoney) -- Jon Corzine, the former chief executive officer of the bankrupt broker MF Global, apologized for his firm's failure Thursday and told a House committee that he doesn't know where the missing money went.
"I simply do not know where the money is, or why the accounts have not been reconciled to date," said Corzine, in prepared testimony to the House Agriculture Committee on Thursday.
He also apologized "to all those affected."
"My sadness, of course, pales in comparison to the losses and hardships that customers, employees and investors suffered as a result of MF Global's bankruptcy," he said.
The lengthy testimony is the first full response from Corzine since MF Global's failure in October. He will appear in person before the committee later Thursday.
(Excerpt) Read more at money.cnn.com ...
Biden Flashback: Praises Corzine … ‘Smartest Guy I Know in Terms of Economy’
http://www.youtube.com/watch?v=fLB-SQbs_ik
FannieMae, FreddieMac, Solyndra, AIG, Goldman Sachs, Countrywide, Soros etc etc. The list of Democrat network failures goes on and on. The only people who make money is the Democrat network.
Key up Jimmy Stewart as George Bailey:
“It’s gone! The money’s gone!”
Thomas Sowell
Bears repeating until somebody gets it.
MF Global’s Downfall Raises Question on Fed's Primary Dealer Pick
Claim: Clinton Collected $50K Per Month From MF Global
http://www.freerepublic.com/focus/f-news/2816382/posts
It will be up to the blogosphere, the TEA Party and hopefully FOX News to hang MG Global around Obamah's neck!
And maybe the RNC might think about using MF Global and Corzine to tie Obamah to Wall Street Corruption.
Who is that RNC guy again, I never see or hear him.
I bet he knows where every last dime of his is.
good thing he’s not the dumbest guy in terms of economy, or Barry would lose his title.
I can’t remember,
my mind’s in a blender
It’s jello, jello
And key up “Ma-til-da!”
Jon Corzine, he took me money offshore inna free-zer!
Corzine is a terrorist. A financial terrorist.
Waterboard him and maybe then he can remember.
“Jon Corzine, the former chief executive officer of the bankrupt broker MF Global”
And never had any other position before that, right CNN?
Corzine: ‘I don’t know where the money is’
http://newyorkfed.org/markets/pridealers_current.html
Primary Dealers List
Primary dealers serve as trading counterparties of the New York Fed in its implementation of monetary policy. This role includes the obligations to: (i) participate consistently in open market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open Market Committee (FOMC); and (ii) provide the New York Fed’s trading desk with market information and analysis helpful in the formulation and implementation of monetary policy. Primary dealers are also required to participate in all auctions of U.S. government debt and to make reasonable markets for the New York Fed when it transacts on behalf of its foreign official account-holders.
Oct 31, 2011
MF Global has been deleted from the list of primary dealers, effective October 31, 2011.
Revised Primary Dealers List ››
Oct 4, 2011
BMO Capital Markets Corp. and Bank of Nova Scotia, New York Agency have been added to the list of primary dealers, effective October 4, 2011.
Revised Primary Dealers List ››
Feb 2, 2011
MF Global Inc. and SG Americas Securities, LLC have been added to the list of primary dealers, effective February 2, 2011.
Revised Primary Dealers List ››
I’m sure the IRS will buy this.
it’s in crazy Uncle Biden’s newspaper and then fell into the evil hands of evil banker, Mister Koch.
Did you see Obama’s name mentioned anywhere in CNN’s report?
/rhetorical question
American Taxpayers: That requires a willing suspension of disbelief.
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