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Tuesday, January 24, 2012

Where Is The Outrage At MF Global

Since no one else is asking when will the DOJ investigate the MF Global theft of customers' funds I will. Jon Corzine, a former head of Goldman Sachs, former United States Senator, and former Governor of New Jersey has presided over grand larceny to the tune of $1.2 billion dollars yet the mainstream media has allowed this story to slip from public view. The fact that $1.2 billion dollars is missing absent an immediate excuse is prima facie evidence that a theft has been committed yet no grand jury has been convened and no arrests have been made. The video below in which Terry Duffy of the CME Group, the parent of the Chicago Mercantile Exchange is six weeks old. In that video Duffy flat out tells the Senate committee that a senior employee of MF Global stated that segregated funds had been transferred out of the customer accounts and that Jon Corzine was aware of it. Contrast the treatment of MF Global to that of Gibson Guitar where federal agents with guns drawn herded production employees into the parking lot then forced them to leave their personal affects and go home so the feds could investigate some allegedly illegally imported wood. Where is the outrage and where is the justice? BTW where is Occupy Wall Street when the corruption is real?

2 comments:

  1. I've been outraged for some time now. People should be sitting in jail right now over this. And the fact that they aren't is to me evidence that it either helps to know people in high places or that there is a massive cover up.

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    1. I do a post on MF Global when I run across something interesting. While I find it horrendous and upsetting I don't think most of the regular readers of this blog care that much about it. I hope people wake up to the fact by election time that this lawlessness is a very real threat to their own finances be it their brokerage account, their IRA's or even their checking accounts. It has to stop.

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