Exclusive: MF Global mixed funds, transferred abroad

Comments (20)
SanPa wrote:

Such a finding would suggest treachery …

Dec 03, 2011 12:11am EST  --  Report as abuse
linushuber wrote:

Why are those responsible for this mess not yet in jail. Corruption does not even try to hide anymore. What a joke.

Dec 03, 2011 12:16am EST  --  Report as abuse
Intriped wrote:

I guess corruption is normal now and those involved will settle for a plea bargain and live to write a book etc. Fricking amazing! I was taught and mentored to always do the right thing because Karma will catch up with you good and bad. Seems since no one has been nailed to the stake nor are many involved in financial crimes, I wonder if I have been doing the right thing?

Dec 03, 2011 12:39am EST  --  Report as abuse
gruven137 wrote:

MF Global is the Bear Stearns of 2011.

Dec 03, 2011 2:31am EST  --  Report as abuse
TheUSofA wrote:

Accountability barely exists in America, all quarters.

Whether it’s a war based on trumped up facts or brazen financial crimes. Government has turned into enablers, starting with the Republicans over the past 30 years have been the main enablers, the root of this massive transfer of wealth. Then picked up and continued by Democrats (i.e Bill Clinton and Glass-Steagall) who also turned into enablers.

The banks run fiscal policy. Wall Street makes risky bets and rake in the profits from it. When they fail, they run to the Government (Too Big To Fail). Privatize the profits and socialize the losses.

Politicians (both sides) are bought and paid for by corporations and Wall Street. Now the Supreme Court (the rot hasn’t escaped the highest court of the land either) has determined that money is speech which only further exacerbates the problem and gives moneyed interests even greater ability to buy influence in elections.

Give me a politician that doesn’t take a check from Wall Street and you have my vote. Until then taxpayers and the greater wealth of the nation will continue to be looted by a handful of moneyed interests.

Dec 03, 2011 2:35am EST  --  Report as abuse
rissey wrote:

@TheUSofA:

How about Elizabeth Warren – she is fighting at Mass.
What does it take to have the regulators do their enforcement or they are implicitly suppose to not enforce the regulations?
The USofA is hopelessly corrupt to the core as far as Washington/Wall Street is concern.

Dec 03, 2011 4:41am EST  --  Report as abuse
Renox wrote:

John Corzine is still free? From Senator to Financial Terrorist!

Dec 03, 2011 6:45am EST  --  Report as abuse
Renox wrote:

John Corzine is still free? From Senator to Financial Terrorist!

Dec 03, 2011 6:45am EST  --  Report as abuse
IskandarShah wrote:

Transparency need to be improved!!!

Dec 03, 2011 9:11am EST  --  Report as abuse
stickwelder wrote:

Cue the Executive Excuse Statement: “Those crazy accountants went rogue. Our auditing company said just last quarter that we were doing great. You can’t hold us responsible for this, it says so in our contract.” Then, insert into new job as a consultant or lobbyist and put all this unpleasantness behind you.

Dec 03, 2011 9:35am EST  --  Report as abuse
WeWereWallSt wrote:

Corzine and Tommy Tobashi from Olympus: http://www.WeWereWallStreet.com/Jon-and-Tommy.html

Still looking for the money.Two great stories to keep us all entertained through the holidays. What’s few billion among friends?

Dec 03, 2011 10:09am EST  --  Report as abuse
maryrttr wrote:

Gary Gensler head of CFTC, needs to be fired, NOW. Huge conflict of interest with Corzine, old boss at Goldman. He was helping & protecting Corzine instead of customers.

Dec 03, 2011 10:51am EST  --  Report as abuse
CMEBARK wrote:

More creative accounting. Is there any standard accounting
practices? If so where are they??

Dec 03, 2011 11:28am EST  --  Report as abuse
unclepie wrote:

Corzine should be in jail just like Madoff.

Dec 03, 2011 12:13pm EST  --  Report as abuse
SanPa wrote:

… and this kind of deregulation is something Boehner and Company seek to protect and expand?

Dec 03, 2011 1:09pm EST  --  Report as abuse
MaryWilbur wrote:

The plot thickens.

Dec 03, 2011 3:48pm EST  --  Report as abuse
Laster wrote:

It may be the Enron prosecutions were the last earnest attempt at carrying out the letter of the law.

Dec 03, 2011 4:59pm EST  --  Report as abuse
wesatch wrote:

But let’s lighten up on regulation and regulators.

Dec 03, 2011 9:29pm EST  --  Report as abuse
Raj999 wrote:

LOL people going to jail for insider trading but not for daylight robbery of $1.2 billion customer margin money to stash in tax havens, just how stupid it is..

Dec 04, 2011 1:29pm EST  --  Report as abuse
breezinthru wrote:

We must make sure that the SEC doesn’t handle this case. A fine and a scolding is not appropriate and not good for America.

How can a country’s economic system function when citizens have no faith in its integrity?

Surely there are federal laws that have been broken in this case. It’s past time for RICO prosecutions for financial crimes.

Dec 05, 2011 2:06am EST  --  Report as abuse
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