Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss
DemocRAT's SHAME! Failed 'RAT Corzine knew about loan made with customer funds
1 view
Skip to first unread message
Patriot Games http://www.democrathallofshame.com
Dec 14, 2011, 8:40:03 AM12/14/11
to
http://mobile.thehill.com/on-the-money-blog/199169-witness-contradicts-corzine-on-missing-customer-funds
Witness: Corzine knew about loan made with customer funds
12/13/11
An executive of a financial exchange monitoring MF Global told
senators Tuesday that Jon Corzine, the former head of the financial
firm, knew that loans were improperly made with customer funds.
The claim was made just minutes after Corzine professed his ignorance
for how up to $1.2 billion in customer funds had gone missing.
Terrence Duffy, the executive chairman of CME Group, the exchange that
regulates MF Global, told the Senate Agriculture Committee that a CME
auditor was told by an MF Global executive that Corzine knew that a
loan was made to a European affiliate of the company, and that he has
passed along that information to the Justice Department and financial
regulators.
One employee indicated that Mr. Corzine knew about the loans that had
been made from the customer segregated accounts, he said, adding that
it was unclear whether other funds were improperly transferred.
Sen. Pat Roberts (R-Kan.) called the revelation a bomb.
Duffy said he received the information this weekend from attorneys
with the exchange.
The revelation of the roughly $175 million loan seems to run counter
to Corzine's claims; the former governor and senator has maintained
under oath and through two congressional hearings that he had no idea
where the funds went, and never authorized any transfer of customer
funds that should have been kept segregated.
I want to be clear, I never gave any instruction to misuse customer
funds. I never intended anyone at MF Global to misuse customer funds,
Corzine said at the beginning of his appearance Tuesday.
Corzine has repeatedly apologized to the victims of the firm's
collapse, and maintained that he hoped the missing funds would
eventually be recovered. He testified that he was stunned to learn of
the missing funds on Oct. 30, one day before the company filed for
bankruptcy.
--
The DemocRATs Hall of Shame©!
http://www.democrathallofshame.com/
12/3/11: Galleries Updated!
Over 150 New OBAMA & 'RAT Cartoons, Pics Added!
4/8/11: Clipboard Manager v3.5.1! (Still FREE!)
Added Spam Warnings!
FREE Windows® Screensavers! Muzzy Screensaver, 15Mb; DemocRAT Screensaver, 18Mb!
FREE Windows® Gadgets! Including: Bumpersticker Slideshow, Obama
Cartoon Slideshow, Take Back America 2010 & 2012!, Are DemocRATs
Ugly?, Is Helen Thomas Ugly?, Is Nancy Pelosi Ugly?, Disco Muzzy
(1 & 2)!, Obama's Lies!, "Uh-Oh! Something's Burning!", and the
Racial Slur Database.
Learn the TRUTH about: BSWS, Bob LeChevalier, Bret Cahill, Brian Wraith,
Chom Noamsky, Clams Casino, Cop Welfare, Curly Surmudgeon, Dakota,
Dave Fritzinger, David Johnston, Freestyle, Gandalf Grey, Iarnrod,
Igor, Joe Steel, Juanjo, Kevin Cunningham, Kurt Lochner, Lorad,
Lamont Cranston, Lookout, Lickin Ass' and Fakin' Names, Malcolm Abel,
Lubow, Major Debacle, Michael Coburn, Mitchel Holman, Phlip, Peter
Principle, Ramon Herrera, Ramrod, Ray Fischer, Rightardia, RobW, Rod
Speed, Roneal, Sanders Kaufman, Scotius, ShittingDuck, Sid9, SilentOtto,
Siobhan Medeiros, Snakehawk, Spike Lee, Stile4aly, Tab182, Tater Gumfries,
Tim Crowley, Tim Howard, Tom Sr, Tom Wheat
Witness: Corzine knew about loan made with customer funds
12/13/11
An executive of a financial exchange monitoring MF Global told
senators Tuesday that Jon Corzine, the former head of the financial
firm, knew that loans were improperly made with customer funds.
The claim was made just minutes after Corzine professed his ignorance
for how up to $1.2 billion in customer funds had gone missing.
Terrence Duffy, the executive chairman of CME Group, the exchange that
regulates MF Global, told the Senate Agriculture Committee that a CME
auditor was told by an MF Global executive that Corzine knew that a
loan was made to a European affiliate of the company, and that he has
passed along that information to the Justice Department and financial
regulators.
One employee indicated that Mr. Corzine knew about the loans that had
been made from the customer segregated accounts, he said, adding that
it was unclear whether other funds were improperly transferred.
Sen. Pat Roberts (R-Kan.) called the revelation a bomb.
Duffy said he received the information this weekend from attorneys
with the exchange.
The revelation of the roughly $175 million loan seems to run counter
to Corzine's claims; the former governor and senator has maintained
under oath and through two congressional hearings that he had no idea
where the funds went, and never authorized any transfer of customer
funds that should have been kept segregated.
I want to be clear, I never gave any instruction to misuse customer
funds. I never intended anyone at MF Global to misuse customer funds,
Corzine said at the beginning of his appearance Tuesday.
Corzine has repeatedly apologized to the victims of the firm's
collapse, and maintained that he hoped the missing funds would
eventually be recovered. He testified that he was stunned to learn of
the missing funds on Oct. 30, one day before the company filed for
bankruptcy.
--
The DemocRATs Hall of Shame©!
http://www.democrathallofshame.com/
12/3/11: Galleries Updated!
Over 150 New OBAMA & 'RAT Cartoons, Pics Added!
4/8/11: Clipboard Manager v3.5.1! (Still FREE!)
Added Spam Warnings!
FREE Windows® Screensavers! Muzzy Screensaver, 15Mb; DemocRAT Screensaver, 18Mb!
FREE Windows® Gadgets! Including: Bumpersticker Slideshow, Obama
Cartoon Slideshow, Take Back America 2010 & 2012!, Are DemocRATs
Ugly?, Is Helen Thomas Ugly?, Is Nancy Pelosi Ugly?, Disco Muzzy
(1 & 2)!, Obama's Lies!, "Uh-Oh! Something's Burning!", and the
Racial Slur Database.
Learn the TRUTH about: BSWS, Bob LeChevalier, Bret Cahill, Brian Wraith,
Chom Noamsky, Clams Casino, Cop Welfare, Curly Surmudgeon, Dakota,
Dave Fritzinger, David Johnston, Freestyle, Gandalf Grey, Iarnrod,
Igor, Joe Steel, Juanjo, Kevin Cunningham, Kurt Lochner, Lorad,
Lamont Cranston, Lookout, Lickin Ass' and Fakin' Names, Malcolm Abel,
Lubow, Major Debacle, Michael Coburn, Mitchel Holman, Phlip, Peter
Principle, Ramon Herrera, Ramrod, Ray Fischer, Rightardia, RobW, Rod
Speed, Roneal, Sanders Kaufman, Scotius, ShittingDuck, Sid9, SilentOtto,
Siobhan Medeiros, Snakehawk, Spike Lee, Stile4aly, Tab182, Tater Gumfries,
Tim Crowley, Tim Howard, Tom Sr, Tom Wheat
CrazyAboutTV
Dec 14, 2011, 3:39:27 PM12/14/11
to
So ALL Democrats are shamed because one Democrat does something
unethical?
Have you heard of Dick Cheney, Richard Nixon, Iran-Contra, Watergate,
Sadam's weapons of mass destruction, or arms for hostages?
So if we shame an entire group for the actions of one member, there's
plenty of shame to go around!
unethical?
Have you heard of Dick Cheney, Richard Nixon, Iran-Contra, Watergate,
Sadam's weapons of mass destruction, or arms for hostages?
So if we shame an entire group for the actions of one member, there's
plenty of shame to go around!
Patriot Games http://www.democrathallofshame.com
Dec 16, 2011, 11:21:11 AM12/16/11
to
On Wed, 14 Dec 2011 12:39:27 -0800 (PST), CrazyAboutTV
<tampa...@gmail.com> wrote:
>So ALL Democrats are shamed because one Democrat does something
>unethical?
Actually, ALL DemocRATs are SHAMED simply by being DemocRATs...
<tampa...@gmail.com> wrote:
>So ALL Democrats are shamed because one Democrat does something
>unethical?
>So if we shame an entire group for the actions of one member, there's
>plenty of shame to go around!
'RAT-bastard DemocRATs...
0 new messages