Duffy ( CME head) just flat out said that Corzine knew about the transfers..said he did not find out until this weekend..which is why he did NOT testify to it last week in Congress. Roberts said this was a BOMB..that Duffy should have been called to testify firtst..Stabenow seems stunned..
And see in post #36 link to MF Global probe uncovers shady pre-fall trades - NYP, by Mark DeCambre, 2011 December 10 :
..... The trustee handling the unwinding of fallen broker dealer MF Global has uncovered some "suspicious" trades made by the company in the last days leading up to its Halloween collapse, a bankruptcy judge was told yesterday.
It's unfolding pretty fast now... and many former insiders are, without a doubt, talking to investigators and regulators. Corzine was not loved even before, and now that their own investments and vested stocks are gone, they'll be happy to hang Corzine and maybe get back some of the money through personal lawsuits.
CME's Executive Chairman Terrence A. (Terry) Duffy, 52 (salary: $950K).
CME is also under pressure, they have a little bit of a feud with judge and trustee about the size of "missing" money (trustee, obviously wants it to be a larger amount).
CME also threatens to move to another state to avoid Illinois new higher taxes, unless they are granted a waiver or tax break.
And a mini-revolt on the CME trading floor which is going extinct (replaced by electronic trading) by traders who act like OWS #occupiers:
From Chicago traders revolt at change in CME rules - CT, 2011 December 12
CME Group, already under fire from many traders for its delay in getting money returned to customers after the October bankruptcy of brokerage MF Global, said that next March or April it would begin incorporating deals from its electronic Globex trading platform into final prices. For many, the change appeared an inevitable reflection of the growth in electronic trade, which now accounts for the vast majority of transactions on both the Chicago Board of Trade, the world's biggest grain exchange, and the Chicago Mercantile Exchange, which offers contracts tied to cattle and hogs. But to the cadre of pit brokers and dealers who thrive on the final frenetic minute of floor trading used to set the official end-of-day prices, the change was a rallying cry to defend a way of life that is nearly extinct. "Are we going to sit here and be kicked in the teeth? Or are we going to fight back?" shouted Alan Young, a cattle broker who helped organize a raucous "Occupy the Pits" meeting of about 100 brokers and traders around the cavernous Chicago Board of Trade (CBOT), birthplace of the modern futures markets. ..... < snip > Chicago pit traders are up in arms against a CME Group plan to use electronic trading to set grain and livestock closing prices, a move they fear will drive another nail in the coffin of open-outcry dealing.
Ironic, isn't it? 1%-ers acting like the phony self-described 99%ers...