Forum Post: James Turk – MF Global Disaster to Create Another Lehman Crisis
Posted 12 years ago on Nov. 22, 2011, 11:25 a.m. EST by MonetizingDiscontent
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James Turk – MF Global Disaster to Create Another Lehman Crisis
“First of all investors should be concerned because everything is so inter-connected today. People call it contagion and this contagion is real because the MF Global bankruptcy is going to have a knock on effect, just like Lehman Brothers had a knock on effect.”
James Turk continues: “So the contagion is the first reason for concern. The second reason for concern is it’s taking so long for them to find this so called missing money, which I find shocking. It’s been three weeks now since the MF Global bankruptcy was declared and they started talking about $600 million of missing funds."
"So I’m not too surprised that now they are talking about $1.2 billion of missing customer funds. I think they are just trying to delay the inevitable as to how bad the situation at MF Global really is."
(((Continued Here))) http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/21_Turk_-_MF_Global_Disaster_to_Create_Another_Lehman_Crisis.html
The Audio for this -KingWorldNews- interview with James Turk will be available shortly. When it is up, you can -LISTEN- to it by CLICKING HERE.
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html
JP Morgan to buy MF Global’s London Metals Exchange stake
http://www.reuters.com/article/2011/11/22/us-jpmorgan-lme-idUSTRE7AL1AJ20111122
JP Morgan Leverages their Balance Sheet BEYOND ENRON Levels
http://maxkeiser.com/2011/11/22/jp-morgan-leverages-their-balance-sheet-beyond-enron-levels/
-November / 22 / 2011-
Corzine was Obama's choice as Treasury Secretary for his second term... Hope and change!
yep. another Goldman Sachs guy. Just like the last Secretary of Treasury, Timothy Geithner ...Oh! and the one before him too...Henry Paulson.
New boss, same as the old boss... why is it always Goldman Sachs?
A similar situation happened in China last month (a banker doing a Ponzi scheme). You know what the government did? HE'S SENTENCED TO DEATH! They're going to kill the mofo, one of the few times I say this: China gets it!
Obungler's in bed with the Goldman sachs boys though and corzine will walk, hell he might even get to run one of those european countries in a few months...
which is why people might see China as a safe haven. (((lol))) At least they go after the frauds, and white-collar criminals.
The punishment was a little 'stiff'...I mean hard prison time would've sufficed, but yeah... Maybe China's currency is undervalued for that reason alone. Unlike America, they actually prosecute the criminal banker class!
Things are so backwards here, in the 'land of the free' to be able to say a thing like that!
go after corzine
Where is the Money Corzine?
::::::::JP Morgan to buy MF Global’s London Metals Exchange stake::::::::
http://www.reuters.com/article/2011/11/22/us-jpmorgan-lme-idUSTRE7AL1AJ20111122
:::::::JP Morgan leverages their balance sheet beyond Enron levels:::::::
http://maxkeiser.com/2011/11/22/jp-morgan-leverages-their-balance-sheet-beyond-enron-levels/
-November / 22 / 2011-