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Old 03-23-2012, 11:05 PM
Anna Anna is offline
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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

Quote:
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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Old 03-24-2012, 12:36 PM
Tristan Tristan is offline
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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?
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Old 03-24-2012, 06:01 PM
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Buick Electra Buick Electra is offline
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THE OWS needs to hunt him down....do something PRODUCTIVE for a change!
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Old 03-25-2012, 01:53 PM
Berean Berean is offline
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THE OWS needs to hunt him down....do something PRODUCTIVE for a change!
I could agree with them (OWS) on this one.
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Old 03-25-2012, 05:43 PM
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Cassandra Cassandra is offline
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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.
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Old 03-25-2012, 07:28 PM
AWM AWM is offline
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They will not be putting JC in jail. He was just following instructions.
Their instructions.
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Old 03-25-2012, 07:57 PM
Croatoan Croatoan is offline
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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...
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Old 03-25-2012, 08:06 PM
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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.
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Old 03-25-2012, 08:57 PM
rlm1966 rlm1966 is online now
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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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Old 03-26-2012, 07:58 PM
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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.
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