Paslode
12-08-2011, 08:38
As Marc Lamont Hill (in reference to Democrats) stated on O'Reilly (http://www.theblaze.com/stories/marc-lamont-hill-to-oreilly-poor-white-janitors-are-the-only-republicans-at-columbia/) the other day '"We tend to nominate smart people. Barack Obama was a law professor. You know we have people like John Kerry, who was very smart, even Bill Clinton was smart," Hill said.'
They are smart, but what Hill failed to mention was that all Democrats (most all Democrats IMO) he mentioned are 'Ethically Challenged'......just like Jon Corzine
Thus theft in accordance with applicable law continues......
(Business Law Currents) A legal loophole in international brokerage regulations means that few, if any, clients of MF Global are likely to get their money back. Although details of the drama are still unfolding, it appears that MF Global and some of its Wall Street counterparts have been actively and aggressively circumventing U.S. securities rules at the expense (quite literally) of their clients.
MF Global's bankruptcy revelations concerning missing client money suggest that funds were not inadvertently misplaced or gobbled up in MF’s dying hours, but were instead appropriated as part of a mass Wall St manipulation of brokerage rules that allowed for the wholesale acquisition and sale of client funds through re-hypothecation. A loophole appears to have allowed MF Global, and many others, to use its own clients’ funds to finance an enormous $6.2 billion Eurozone repo bet.
http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/
Jon Corzine took lessons from Sgt. Schultz............
"I simply do not know where the money is, or why the accounts have not been reconciled to date," Corzine's prepared testimony read. "I do not know which accounts are unreconciled or whether the unreconciled accounts were or were not subject to the segregation rules."
Read more: http://www.foxnews.com/politics/2011/12/08/corzine-revisits-congress-in-uncomfortable-role-likely-to-invoke-fifth/#ixzz1fx1CmwE6
And Jamie Dimon......
Mf Global’s burned commodity customers turned their ire from Jon Corzine to Jamie Dimon yesterday after MF’s creditor committee, led by Dimon’s JPMorgan Chase, objected to a plan to distribute $2.1 billion to customers who have seen their accounts frozen since Halloween.
They want customers to agree in writing that the money they receive could be clawed back.
http://www.nypost.com/p/news/business/dimon_eyes_clawback_kREEfrYWIbA84Om6j2kKmK#ixzz1fx AWe5nv
They are smart, but what Hill failed to mention was that all Democrats (most all Democrats IMO) he mentioned are 'Ethically Challenged'......just like Jon Corzine
Thus theft in accordance with applicable law continues......
(Business Law Currents) A legal loophole in international brokerage regulations means that few, if any, clients of MF Global are likely to get their money back. Although details of the drama are still unfolding, it appears that MF Global and some of its Wall Street counterparts have been actively and aggressively circumventing U.S. securities rules at the expense (quite literally) of their clients.
MF Global's bankruptcy revelations concerning missing client money suggest that funds were not inadvertently misplaced or gobbled up in MF’s dying hours, but were instead appropriated as part of a mass Wall St manipulation of brokerage rules that allowed for the wholesale acquisition and sale of client funds through re-hypothecation. A loophole appears to have allowed MF Global, and many others, to use its own clients’ funds to finance an enormous $6.2 billion Eurozone repo bet.
http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/
Jon Corzine took lessons from Sgt. Schultz............
"I simply do not know where the money is, or why the accounts have not been reconciled to date," Corzine's prepared testimony read. "I do not know which accounts are unreconciled or whether the unreconciled accounts were or were not subject to the segregation rules."
Read more: http://www.foxnews.com/politics/2011/12/08/corzine-revisits-congress-in-uncomfortable-role-likely-to-invoke-fifth/#ixzz1fx1CmwE6
And Jamie Dimon......
Mf Global’s burned commodity customers turned their ire from Jon Corzine to Jamie Dimon yesterday after MF’s creditor committee, led by Dimon’s JPMorgan Chase, objected to a plan to distribute $2.1 billion to customers who have seen their accounts frozen since Halloween.
They want customers to agree in writing that the money they receive could be clawed back.
http://www.nypost.com/p/news/business/dimon_eyes_clawback_kREEfrYWIbA84Om6j2kKmK#ixzz1fx AWe5nv