MF Global goes down in flames (siap)

#2
#2
you lose 1.2 billion by saying "Greek 1 year debt is paying 50%, yea gimmie some of that and back up the truck". "Oh now their debt is paying 150%, let me double down on that with some commingled customer funds"

But why worry, we are getting drunk at the nicest hotel in the country

Wall Street, downsized: From largess to loss - The Washington Post

John Brady, co-head of MF Global’s Chicago office, was having a vodka cocktail at the Ritz-Carlton in Naples, Fla., on the day his company reported its largest-ever quarterly loss.

“Wow, the sun just set,” Brady said to his wife and two colleagues attending a conference with him. “I hope it doesn’t set on MF Global.”
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#4
#4
golfballs03 said:
**** him. He belongs in prison.
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Obama had Corzine pegged to replace Gaithner as secretary of the treasury.

Some of the hardest hit were farmers who were selling in the grain commodities market and are now stuck without money to buy seed for next spring's planting and have already missed deadlines for discounts of early buying of seed grains.

Their money wasn't even supposed to be in MFing's speculative money markets, basically it was just stolen from their accounts.

Tim Gaithner's father and Barack Obama's mother were once both members of the same socialist organization.

Can you say; 'the apple doesn't fall far from the tree?'






DEFENDTHISHOUSE said:
Corzine says he could have been misunderstood on transfer of MF Global accounts - The Washington Post

How do you lose track of 1.2 Billion dollars? A lot of people lost a bunch of money.
Stinks to high heaven.
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Look in Obama's reelection campaign fund and you find about a billion or it.

Obama gave Corzine credit for writing much of the stimulus bill which lost taxpayers a trillion dollars.

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