MF Global Employee Indicated Corzine Knew Loans Were Made From Customer Accounts

[staywithtruth]

CFTC Rule 1.25 it is legal for FCM (futures commission merchant) and for derivative clearing organizations to invest client segregated funds. The investment is limited to the "permitted investments" stated in Rule 1.25.

[Dactuck]

@staywithtruth Great point. But which MF Global investment lost money? Which European nation has defaulted on their sovereign debt? And these investments, as you stated have contingencies. One of them are, that you cannot invest US dollar denominated funds, in a foreign currency. That precludes any investment in European sovereign debt. Was the money lost, or stolen?

[staywithtruth]

@Dactuck Corzine says $1.3 billion in Euro sovereign debt was purchased with client funds and that upon sale the proceeds should have been put back in client accounts. It may be that JP Morgan got the sale proceeds. Peak Oil is the reason for the economic collapse. US East Coast refining capacity will be almost halved by 7.2012 on top of a 495k bpd (1 of 10 world's largest refineries) in St Croix closed or being closed.

[amitbarfs]

We need to put a leash on Wall Street.

Dodd-Frank was weaksauce IMHO. Shut it down if we have to.

[Jimmy61stl]

Terry Duffy is not an MF Global Employee he is the CME (Chicago Mercantile Exchange) Group's Executive Chairman. CME Group owns and operates large derivatives and futures exchanges in Chicago and New York City, as well as online trading platforms. It also owns the Dow Jones stock and financial indexes. He is testifying about information given to him by MF Global employees, and the CME investigation.

[amitbarfs]

I like how all the racist right-wing tools (redundant) like Ann Barnhardt are blaming runaway capitalism and corporate greed at any cost on socialism/Marxism.

Corzine and Madoff are symptomatic of unrepentant capitalism.

[TadRapidly]

golly gosh gee wilickers this is so surprising.

[ChuckTruthmaster]

All criminals let 1 dollar of my companies funds come up missing... Id be in the slammer in a hurry.

[JaxKnight420]

Jon Corzine should make a statement to the press, he's not planning to commit suicide and would never commit suicide.

Otherwise, he may wind up shooting himself twice in the head with his own shotgun.

If DOJ has affidavits from the employee(s) that discussed the matter directly with Corzine, then it is evidence, and not hearsay.

The way I see it, Corzine's resume for Treasury Secretary is getting a massive boost!

P.S. - Mr Duffy, sell your hot tub ... and I wouldn't fly anytime soon.

[billp4]

@JaxKnight420 I'm sure there are a lot of account holders who would like to do it.

[2012GST]

If the US Gov. won't convict him I hope some freelancer out there will give him, and his like, the justice they deserve.

[N1ceGuyEdd1e]

Corzine is another financial terrorist that will never pay for his crimes.

[lowslowflyer77]

WOW

[louis12346]

Maybe he gave it to a crackWhore

[azascan]

Oops

[1betrman]

Where R The Handcuffs?

[Xianman06]

It's a Jew World Order, and all you stupid goyim are the 1%

[ftwbk]

@Xianman06 u do realize that jon corzine is christian, right? he's the son of a 2nd generation farmer in illinois. he was raised methodist. sorry to burst ur bubble. try again. those darn christians

[14ATruther]

@ftwbk Nice try... A "Christian" is one whom is practicing, not simply someone who claims to to be one. A "Methodist" or "Lutheran" in many cases are folks that grew up with parents that were said religion and went to church as children and got the (and I'm sadly serious about this) certificate saying they were "saved" and never went back... My congresswoman claims to be "Christian" but you could never tell from her voting record. Corzine is a corrupt globalist, period.

[14ATruther]

@ftwbk Here is a much better explanation of Methodist: watch?v=MbFqvgrAlrk

[joestue]

@ftwbk then it must be God's plan to bankrupt half the farm belt, isn't it?

[14ATruther]

@Xianman06 "Jew" or Edomite? You really need to get your slander straight. Back in the early 20's AD Kind Herod of Israel under Roman occupation; was he a Jew or an Edomite? Until you can answer thatr question and know how it connects to the Rothschilds, Rockefellers ect... Please keep very quiet.