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« BUSTED: Watch TARP Republican Paul Ryan Begging Congress To Vote For The Bailout | Main | VIDEO: Romney Accidentally Introduces Paul Ryan As 'The Next PRESIDENT Of The United States' »
Sunday
Aug122012

Independent Trader Talks About Losing Everything In MF Global Theft: "My Life Savings Are Now Frozen, Thanks To The Snake Jon Corzine"

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Reader Comments (12)

I have been saying now for a long time that... "If you don't hold it, you don't own it"... Ponce
Aug 13, 2012 at 10:29 PM | Unregistered CommenterPonce......
Buyer Beware! - "There's a sucker born every minute" - Don't gamble if you can't afford the loss. etc.

Damn ! No Debt & instantly available Assets just aren't working for me. Guess I'm a slow learner.
Aug 14, 2012 at 2:20 AM | Unregistered CommenterTR
"It's Been A Living Nightmare" - JPMorgan Admits To Illegally Overcharging Thousands Of Troops On Mortgages, And Wrongful Military Foreclosures

http://dailybail.com/home/its-been-a-living-nightmare-jpmorgan-admits-to-illegally-ove.html
Aug 14, 2012 at 2:48 AM | Registered CommenterDailyBail
I'm sure you've seen this DB but I'll post anyways.

"Worse, Grede said, is that the ruling suggests that a brokerage that allows customer money to be mixed with its own is not necessarily committing fraud."

http://www.reuters.com/article/2012/08/10/us-sentinel-appeals-decision-idUSBRE87900T20120810

Corzine's lawyers will be all over this. Unrel.
Aug 14, 2012 at 9:07 AM | Unregistered CommenterCanuck
Canuck

It's a huge story that I didn't see until Morloch posted something about it last night. I'm still trying to get a read on exactly what it means (waiting for Chris Whalen to respond to my voicemail), but either the judge is corrupt or this means NO FUNDS are safe at futures brokerage accounts.

Has anyone else written about what this Sentinel ruling means?
Aug 14, 2012 at 10:20 AM | Registered CommenterDailyBail
That's why back in 2008 (after my 401K got screwed) in my mattress. I don't trust a single mother f'er in Wall Street or the Banks or the Government.

Don't have much sympathy for this guy, sorry to say that, but he should have seen these crooks and the lack of prosecution of these f'er and pulled his money out a long time ago.
Aug 14, 2012 at 10:31 AM | Unregistered CommenterDavid
This is almost a month old but gives a lot of info on where MMFs are headed

http://www.zerohedge.com/news/government-your-legal-right-redeem-your-money-market-account-has-been-denied-sequel
Aug 14, 2012 at 10:42 AM | Unregistered CommenterCanuck
Canuck

I remember glossing over that story on ZH, so thanks for the refresher.

Not a positive development.
Aug 14, 2012 at 11:41 AM | Registered CommenterDailyBail
I don't know how I missed this earlier (it was reported in 2010), but it's come up in the news recently that Obama admin officials met with lobbyists hundreds or thousands of times at COFFEE SHOPS instead of at the WH in order for the meetings to go under the radar. Moreover, the anonymous lobbyists who spoke to the NY Times reporters indicate that both Obama Care and the Dodd-Frank bills were hashed out by lobbyists at places like Caribou Coffee and Starbucks, without any official record of the relevant meetings.

Here's the 2010 report.

http://www.nytimes.com/2010/06/25/us/politics/25caribou.html?_r=1&pagewanted=all
Aug 14, 2012 at 12:01 PM | Unregistered CommenterPitchfork
Holy Shit.
Aug 14, 2012 at 12:14 PM | Unregistered CommenterSKINFLINT
I've seen some of those recent stories, Pitch. And Obama promised us the most transparent white house in history. Lying bastage.
Aug 14, 2012 at 1:21 PM | Registered CommenterDailyBail
Wow when people will ever learn, Banks, Wall street ,government all are thieves & LIARS..Sorry Foti but your money is sitting in Tel-Aviv or Haifa Bank!
Nov 1, 2012 at 7:18 PM | Unregistered CommenterStendec

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