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Bloomberg Businessweek reporters Matthew Leising and Christina Alesci talk about former Governor Jon Corzine's actions at MF Global and his testimony yesterday before a congressional panel, plus the latest from Europe.
Will there be any possible jail timefor these MF'ers or will it just be a slap onthe wrist as usual for the people whoare too big to fail (and too rich to be prosecuted) ?
Where is Eric Holder, Justice Dept. inall of this mess?
How can Corzine plead ignorance,when he was the CEO and there is somuch cash missing?
Corzine was in charge.
Did the money go missing overnight,like poof, vanished?
Where is the FBI?
Where are the regulatory=cops?
Balancing your personal checkbook does not equate with managing OPM as a business.
Dig a little deeper people....The missing $1.2B amounts to less than 3% of MF Global's assets under management. All of you who have your checkbooks balanced to the penny can throw stones. If your own finances are out of whack, you should STFU.Also, why are so many newsreaders (NOT WNYC, thank god) repeating the expectation that Corzine would take the Fifth? He didn't so why is the fact that he didn't newsworty? I am detecting an attempt to control the perception here. Why is MSM sharpening its knives on Corzine?
Sounds like Corzine invoking the Enron "Ignorance Is Bliss" defense.
What kind of golden parachute did Corzine get? I would think a former governor and senator of all people would understand the phrase, "The Buck Stops Here."
Funny how when the top 1% messes up they blame it on others but if the bottom 99% screws up, we just lose our jobs.
These money addicts, give how high-stakes and potentially hugely consequential their trading is, need to be culpable and prosecutable for "negligence", whatever the "intent".
Oh well, another bites the dust. Just more proof of greedy, corrupt business practices.
There will be no jail time...
"John", is he a personal friend of yours?
Britain still has the pound and they would be stupid to give it up.
Germany was the drug dealer that fueled the debt bubble in Europe and now they are the tough drug dealer telling everyone that they need to pay before they give them more drugs.
And lets not forget that PIIGS are debt crack head
by the way people at the top never know what the people below them are doing. corzine was higher as high profile window dressing, not to supervise a group of professionals
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