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Forum Post: People On Wall Street Are Running With Scissors

Posted 7 years ago on May 26, 2012, 11:23 p.m. EST by trashyharry (3084) from Waterville, NY
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There does not seem to be adult supervision of any kind.Desperate,sweaty frauds and brazen pump&dump scams are being revealed almost every week but Wall Street is immune to any kind of regulation-or even discussion of regulation.Supposedly a transfer of funds roughly the same size as the MF Global client's combined accounts(2T) was made at JP Morgan at or near the time of MF Global's collapse.WTF happened at JP Morgan?How did they not perform their due diligence and find out who was the owner of such a large amount of money before accepting it on deposit?Now it is about time for John Corzine to either perish in a plane crash or be found dead,an "apparent suicide"or "an apparent victim of a heart attack."This has been the pattern in all of these frauds going all the way back to BCCI and even as far back as as anybody cares to go,ATB/TH

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[-] 2 points by trashyharry (3084) from Waterville, NY 7 years ago

Sorry-I just don't get how the discrepancies found on the books after MF Global foundered do not constitute a type of fraud that is entirely unheralded in the US-fully segregated customer accounts that were being used by commodities traders were looted.The money seems to either have disappeared,or else it is parked at JP Morgan under dubious circumstances.There is no doubt of massive,premeditated,criminal fraud.The former clients think so,and your attempts to confuse people would work out better if expended on a case that actually is confusing-Monitarist.It won't really be a fair deal unless at least 3/4th's of the crooks on Wall Street are somehow punished,because if only a few are picked out,they become scapegoats-Wall Street's traditional answer to what has become decades of being entirely engulphed by moral turpitude.Guess what-these are not the most disgusting crimes that are going on in the financial districts of the world and yes-people know about or have heard about ALL of it-th

[-] 1 points by trashyharry (3084) from Waterville, NY 7 years ago

Correction-the missing funds belonging to clients at MF Global are thought to be 2 B-not 2T-sorry-TH

[-] 0 points by monetarist (40) 7 years ago

JPMC $2 billion loss was neither scam nor fraud. It was a stupid loss.

[-] 1 points by jrhirsch (4714) from Sun City, CA 7 years ago

Or anothers smart gain?

[-] 0 points by monetarist (40) 7 years ago

Either way it wasnt fraud. It is always better to have a factual discussion instead of going on a witch blaming corporation/banks for each and every loss or bad move. If companies/banks make money, they can lose it too.