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Thread: MF's Corzine Ordered Funds Moved to JP Morgan, Memo Says

  1. #1
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    Default MF's Corzine Ordered Funds Moved to JP Morgan, Memo Says

    Can we say, "Busted!"? And why is Corzine not in jail??!! (That's a redundant question -- we already know the answer.)

    MF's Corzine Ordered Funds Moved to JP Morgan, Memo Says

    3/23/12
    Bloomberg

    Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM), according to a memo written by congressional investigators.

    Edith O’Brien, a treasurer for the firm, said in an e-mail quoted in the memo that the transfer was “Per JC’s direct instructions,” according to a copy of the memo obtained by Bloomberg News. The e-mail, dated Oct. 28, was sent three days before the company collapsed, the memo says. The memo does not indicate whether that phrase was the full text of the e-mail or an excerpt.
    Rest of story here

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    Quote Originally Posted by Anna View Post
    Can we say, "Busted!"? And why is Corzine not in jail??!! (That's a redundant question -- we already know the answer.)

    MF's Corzine Ordered Funds Moved to JP Morgan, Memo Says

    3/23/12
    Bloomberg



    Rest of story here


    So why hasn't he done the perp walk yet?
    Gardening: the next great hobby!
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    THE OWS needs to hunt him down....do something PRODUCTIVE for a change!

    There is such a thing as A SICKNESS OF SOCIETY.
    When we become immobilized by our own inability to deal directly with what is a COMMONLY PERCEIVED TRUTH AND REALITY, WE'RE IN TROUBLE AS A NATION (Lou Dobbs 11.10.09)

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    Quote Originally Posted by Buick Electra View Post
    THE OWS needs to hunt him down....do something PRODUCTIVE for a change!
    I could agree with them (OWS) on this one.
    Do thou O Lord, protect us, guard us ever from this generation. On every side the wicked prowl as vileness is exalted among the sons of men.
    Psalm 12:7-8

    In answer to your inquiry, I consider that the chief dangers which confront the coming century will be religion without the Holy Ghost, Christianity without Christ, forgiveness without repentance, salvation without regeneration, politics without God, and heaven without hell. —William Booth founder and general of the Salvation Army 1829-1916

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    Angry

    The Email writer will appear in front of Congress Wednesday afternoon, BUT..


    "O”Brien is to testify before Congress on Wednesday, but will plead the Fifth. This suggests she has not been offered a deal, or immunity."

    So I guess the "JC" that she referred to in the Email could be someone other than Jon Corzine.

    That could be the end of it, and now Jon Corzine can be appointed to replace "Turbo Timmy" Geithner.
    "You can ignore reality, but you can't ignore the consequences of ignoring reality." Ayn Rand

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    They will not be putting JC in jail. He was just following instructions.
    Their instructions.

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    He's not in jail (so far) because he moved the money where he was supposed to move it - to JPM-C. If they need a baby to throw off the sleigh to the wolves, though...
    Lost colonist

    "Liberty is what we stand for. Liberty is what we champion. Liberty will prevail." - Jeff Cooper, "Cooper's Commentaries," Vol. 12 #1, January 2004 - http://www.molonlabe.net/Commentaries/jeff12.pdf

    LISTEN! Jordan Page - "Liberty" (Acoustic version) - http://www.youtube.com/watch?v=Bitxwy6okn4

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    If this SOB was a republican, this would be headline news every day until he was thrown in the slammer. But since he is a dem., it is no big deal and we need to get on with our lives. Much more important things to concentrate on, like American Idol, and the crap on MTV. We live in communist China and most americans don't even know it.We are no longer free,we just think we are.
    "All that is necessary for the triumph of evil is that good men do nothing."

    Edmund Burke

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    Quote Originally Posted by independent View Post
    If this SOB was a republican, this would be headline news every day until he was thrown in the slammer. But since he is a dem., it is no big deal and we need to get on with our lives. Much more important things to concentrate on, like American Idol, and the crap on MTV. We live in communist China and most americans don't even know it.We are no longer free,we just think we are.

    Dems, Reps not a thin dimes difference between them from where I stand.

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    Quote Originally Posted by rlm1966 View Post
    Dems, Reps not a thin dimes difference between them from where I stand.

    Oh, I agree with you there, but the press definitely has a bias against the spineless republicrats.
    "All that is necessary for the triumph of evil is that good men do nothing."

    Edmund Burke

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