a******o
发帖数: 16625 | 1 Corzine Testimony Shocker! Has Anything Changed on Wall Street?
With only 100 members, the United States Senate is often touted as being
among the most exclusive clubs in America, second only to the 50 members in
the National Governors Association. As a member of both clubs, Jon Corzine
is elite among the elites, serving as a U.S. Senator from New Jersey and
later as the state's Governor. And we've not even gotten to his tenure as
the CEO two Fortune 500 companies -Goldman Sachs (GS) and MF Global.
Corzine makes belonging to 1% look about as ordinary as a cardholder at the
local Elk's Lodge. To see a man with more connections than the Delta shuttle
get hauled before a Congressional panel to answer questions about his role
in one of the biggest bankruptcies in U.S. history, and the estimated $1.2
billion in missing MF Global client funds; it is just too big to ignore.
"I simply do not know where the money is," Corzine explained in his prepared
testimony for the House Committee on Agriculture, who are best known for
their roll in creating that torturous tome better known as the Farm Bill.
"The only thing this has to do with agriculture is the amount of BS being
spread," Macke exclaims in the attached clip. "Has anything changed in the
unholy relationship between finance and government?"
Beyond a short-term memory loss exacerbated by not having access to his
notes, Corzine also sought to set the record straight on the risk-taking
that occurred on his watch at MF Global, saying the firm was only "leveraged
37.3 times," rather than the preposterous 40 times that has been widely
reported in the media.
While there will be more hearings, probes, and lawsuits emerging in the
weeks and months ahead, it would be presumptive to think his demise will
consist of anything more damning than humiliation.
For market watchers like Macke and me, that's a real shame and a wasted
opportunity.
"If they take down Corzine, you could maybe have some confidence in these
markets," Macke says, knowing full well that's not going to happen.
How do you believe the Corzine/MF Global meltdown will play out? Let us know
in the comment section below or visit us on Facebook. | a******o
发帖数: 16625 | 2 评论更有意思
berni 13 minutes ago
1.2 Billion ... that's ~ 20 years of retirement for 1200 Families. So I
calculate 24,000 years of prison.
Pete 30 minutes ago
Throw his A__ in jail until he figures out where the money went.
TD 31 minutes ago
Corzine needs to go to prison along with all of the people in or
associated with congress who traded securities on inside information. Have
them all grow their own food, make their own clothes and pick up trash. Time
for these people to be treated like the rest of us. | B*****i
发帖数: 583 | 3 J点很多
in
the
shuttle
role
【在 a******o 的大作中提到】
: Corzine Testimony Shocker! Has Anything Changed on Wall Street?
: With only 100 members, the United States Senate is often touted as being
: among the most exclusive clubs in America, second only to the 50 members in
: the National Governors Association. As a member of both clubs, Jon Corzine
: is elite among the elites, serving as a U.S. Senator from New Jersey and
: later as the state's Governor. And we've not even gotten to his tenure as
: the CEO two Fortune 500 companies -Goldman Sachs (GS) and MF Global.
: Corzine makes belonging to 1% look about as ordinary as a cardholder at the
: local Elk's Lodge. To see a man with more connections than the Delta shuttle
: get hauled before a Congressional panel to answer questions about his role
|
|
