Forum Post: (((WATCH))) Jon Corzine's -MF Global- Testimony Live ((( CORZINE Taking Questions now // Back in Session)))
Posted 13 years ago on Nov. 12, 2011, 9:59 a.m. EST by MonetizingDiscontent
(1257)
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Watch Corzine's MF Global Testimony Live
http://www.zerohedge.com/news/watch-corzines-mf-global-testimony-live
-12/08/2011-
And now the one we've all been waiting for...
As a reminder, his prepared remarks can be found here... http://www.zerohedge.com/news/corzine-simply-does-not-know-where-money-presenting-jon-corzines-complete-testimony-congress ...and below is the witness sequence. The beginning will likely be boring. The main act is in the middle:
(((Continue Reading Here))) http://www.zerohedge.com/news/watch-corzines-mf-global-testimony-live
Every time there's a major scam Goldman Sachs name pops up.
Let's just skip the formalities and call it for what it is. A mafia.
That is some all around .........crap.
...well that about figures doesn't it... This should slow the media down a little eh?
AH! feeds back up. wait... where's Jon? ohh Its OVER! The feed comes back up after the whole thing is overwith.
whats up with the live feed. They astart talking about the audit and the feed freezes?
The committee took a break to vote. Will be back in about an hour.
Oh, yeah your right... The Live feed resumes for BREAK! It froze up while questions about the audit came up.
Well at least its back up for the Break.
thanks, i thought it was over. lol
...I know N o t h i n g...
Corzine Taking Questions Now
::::::::::::MF Global and the great Wall St re-hypothecation scandal::::::::::::
http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/
-12/7/2011-
(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.
If anyone thought that you couldn’t have your cake and eat it too in the world of finance, MF Global shows how you can have your cake, eat it, eat someone else’s cake and then let your clients pick up the bill. Hard cheese for many as their dough goes missing....
:::::Continue Reading this article Here:::::
http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/
By Christopher Elias (UK)
(Watching) Gensler's out of the country? He was supposed to be testifying too today. Two Goldman Sachs guys side by side...
in session now
About to start... everyones is still mingling around though.
anybody else watching this?
Heeeeere's Jonny!![Deleted]
noted ...