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Federal regulators have discovered that hundreds of millions of dollars in customer money have gone missing from MF Global in recent days, prompting an investigation into the company’s operations as it filed for bankruptcy on Monday, according to several people briefed on the matter.
The revelation of the missing money scuttled an 11th hour deal for MF Global to sell a major part of itself to a rival brokerage firm. MF Global, the powerhouse commodities brokerage run by Jon S. Corzine, had staked its survival on completing the deal.
Now, the investigation threatens to tarnish the reputation of Mr. Corzine, the former New Jersey Governor and Goldman Sachs chief who oversaw MF Global’s demise, making it the first American victim of Europe’s debt crisis.
Seems that Corzine has no problem with misappropriating or spending other peoples money.
Let's not forget that as a democrat U.S. Senator, he voted for every liberal big spending bill adding trillions to the national debt.
And as NJ Governor, he left the state budget with a $8 billion deficit.
And now his company has millions of dollars missing.
Ah yes the trial lawyer who was injured riding in his tax-funded SUV, not wearing a seat belt, all the while lecturing and filing lawsuits against any commoner who did likewise. http://www.youtube.com/watch?v=YAwOVyujTR0
Of course the money is missing. He and his company made a bad bet and the money is gone. That's how it works. If their bet had been the right call, they would have made a lot of money. But they were wrong.
Seems that Corzine has no problem with misappropriating or spending other peoples money.
Let's not forget that as a democrat U.S. Senator, he voted for every liberal big spending bill adding trillions to the national debt.
And as NJ Governor, he left the state budget with a $8 billion deficit.
And now his company has millions of dollars missing.
I met Corzine when he was in the Senate and I asked him why he spent $65 million of his own money to take a job making $160,000 a year..."I want to give back." was his answer, straight faced.
Yea, right......
They are all in it for themselves....that's why it cracks me up that people (the left) want to give these knuckleheads (both parties) more money ie, power.
Of course the money is missing. He and his company made a bad bet and the money is gone. That's how it works. If their bet had been the right call, they would have made a lot of money. But they were wrong.
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday.
At first, as much as $950 million was believed to be missing, but as the firm sorted through its bankruptcy, that figure fell to less than $700 million by late Monday, the people briefed on the matter said.
You aint seen nothing yet, there is plenty more of this to come in the future from both the Dems and Republicans. Both parties are corrupt more than any of you even know, Anyone who defends either party is sleeping.
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