Corzine testifying in MF Global investigation

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

DCFusor

Yellow Jacket
Messages
1,662
Reaction score
20
Points
0
Location
Floyd, Virginia
Watching the Corzine hearings. One of the examiners reads ZH and just mentioned re-hypothecation...you should have seen the mood in the room change as they scrambled to pretend they didn't know what that meant while everyone's faces turned white as ghosts.

This might be pretty big, if not "the one". Evidently MFG isn't the only outfit to be in real trouble over this.
http://www.zerohedge.com/news/why-u...ic-consequences-eurozone-canadian-banks-jeffe

Worse than AIG and Lehman together, monetarily.
 
Last edited:
It´s one giant house of cards. The only way to get out of it are counterparty-less assets like PMs
 

Hope someone got a YouTube of it. Sorry I missed it.

 
Just the minions explaining how they don't know how to do their jobs so far, or somehow aren't at fault for being outsmarted by those evil financial people, since they don't get enough money, or something. CFTC commissioner actually said we can't regulate swaps till we know what they are. Your typical female hard core bureaucrat used to being able to tell everyone to fsck off and leave me to control my little fiefdom.
 
Oh, I meant the re-hypothecation drama.
 

More: http://truthingold.blogspot.com/2011/12/jon-corzine-is-full-of-shit-and-liar.html
 
Sommers is making me want to puke more than Corzine ever did (yet) - he's just a crook. Maybe we've been thinking about hanging the wrong people from the lamposts. That witch is evil. Backing and forthing between "we just make sure they fill out the forms" and "we have plenty of talent and whack them regularly" and "we don't know how it works" as the question demands. Anyone with more than 30 seconds of memory sees the contradictions there - which evidently doesn't really include the examiners - they're just trying to put on a mean face without understanding how and what's going on themselves.

Oh, at this instant she DOES know what swaps are - half an hour ago, no idea. That sort of thing.
 
Last edited:
Watching Corzine now. What a lying sack of shit. :doodoo:
 
No question about that sack. What it's full of might be worse than shit.

But the question I want asked and answered (won't be, of course) is if you didn't know shit about what was going on, why resign so quick instead of staying on to "get to the bottom of this and punish the perpetrator(s)"?

Actions, not words, speak loudest.
 
I couldn't watch any more. This guy should leave the building in handcuffs and ankle shackles. What an incompetent lying piece of pig vomit.
 
I don't know why anyone would bother watching in the 1st place.
 
Who knows what evil lurks in the hearts of men? The shadow knows...

An example of the human tragedy as these bums - all culpable - try to find a way out. And there is no way they can see. Almost fun to watch them squirm as they realize that. Better than watching them lord it over us, at any rate.

Or a sick fascination with watching Satan destroy his tools when they no longer serve him well enough to suit?

Knowledge of the center stage is useful in trying to decode what's behind the scenes. Yeah, that's it.
 
I don't see how they can just sit there and listen to this man lie about having no knowledge of daily operations at MF Global. From where I sit, he sounds like he is an incompetent jackass. Anyone who hires this piece of bacteria deserves what they get.
 
It´s a holiday here, of the Immaculate Conception (sounds about right), but I did not have the great fortune of watching:

The biggest POS on the planet :doodoo:

Ay que pena... But, if I had watched, our poor planet would have even more puke all over it. I too cannot understand why the MF-er is not in jail.

---

O/T, but we went to a big wholesale place today (like Sam´s Club). I saw lots of Peruvians buying toilet paper. Maybe they were watching Corzine earlier today... Some of them had perhaps 200 rolls stacked on heir carts.
 
Why are the insiders sacrificing Corzine and MFG?
His whole CV is filled with inside connections. If the Wall Street / Washington elite wanted to help him, they could...
 
He should be testifying to a parole board.
 
I can't recall.......I wasn't involved with those aspects of the business, they were performed by subordinates......I was out of town......Not to my knowledge......I.....I......I.....can't......recall......
 
Apparently, testifying before Congress can cause Alzheimers.
 
Nothing like being examined by people you've prepaid, eh? Too bad the sheep won't have the patience to look at how disgusting this is, we'd get to the torches and pitchforks a lot quicker. We're running out of time for that if it's to help fix the problems, rather than just be vengeance after the fact.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…