by Victor M Adamus
Is this some kind of a joke? When CEO John Corzine of MF Global can't find $2.1 Billion of customer's money and takes the company into bankruptcy telling a Congressional Committee that it was "chaotic" and "I never intended to break any rules". ??
Well did he check his car glove compartment? Look on the boardroom floor in case the money fell from his pockets? How 'bout his couch cushions? This one stinks. And I suppose his crew of asset managers don't have any answers either. I sincerely doubt his testimony given yesterday was worth the time. What is worth the time is a call for a complete FBI audit of the company's records. The mainstream media may milk this one for what it is--more corruption on Wall Street. Covering bad bets in the European sovereign debt or wherever a paper trail leads to. Lack of regulating the Robber Barrons is at the core of this swindle.
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2 comments:
Ummmmmmmmm, shades of Bernie Madoff?
Madoff was only a student - this is what America is all about these days at all levels of govt, business, banking, investments, schools, and the general public who wants something for nothing.
Our Leaders have allowed Arab countries to bleed more money out of America than just a mere 2 billion.
Our Leaders have allowed non-profits to earn millions and millions and pay no taxes.
Our Leaders have put a cap on taxes for the wealthy.
Our Leaders have allowed colleges and universities to raise tuition to the point that the average college graduate will never be able to completely pay back his/her debt.
As I mentioned earlier, Bernie is simply a student and all he did he learned right here in America.
No doubt, the wealthy will soon pass laws that will allow the wealthy to hire surrogates to go to prison for them.
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