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2012-03-19 Home Front: Politix

Corzine's MF Global a "web of fraudulent activity"

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Posted by Bright Pebbles 2012-03-19 10:59|| || Front Page|| [4 views ] Top

#1 FTA: astute financial observers are aware of the corruptive behavior of Mr. Corzine, certain regulators and the US justice system. Some are calling into question the security of the entire US financial system, not just the commodity industry.
I'm not an astute financial observer, I just follow the news and can work a calculator. I question not the security of the US financial system, but its legitimacy. For the last several years, it's been operating more like organized crime.

Posted by Anguper Hupomosing9418 2012-03-19 17:10|| 2012-03-19 17:10|| Front Page Top

#2 There have been many in the web of fraudulent activity lately. The 11 largest bankruptcies in U.S. history represent quit a bit of sleaze:

1. Pacific Gas & Electric (2011, $36.15 B)
2. Thornburg Mortgage (2009, $36.5 B)
3. Chrysler (2009, $39.3 B)
4. MF Global (2011, $41 B)
5. Conseco (2002, $61.4 B)
6. Enron (2001, $65.5 B)
7. CIT Group (2009, $80.4 B)
8. General Motors (2009, $91 B)
9. WorldCom (2002, $103.9 B)
10. Washington Mutual (2008, $327.9 B)
11. Lehman Brothers (2008, $691 B)

All are in recent history.

Posted by JohnQC 2012-03-19 17:39|| 2012-03-19 17:39|| Front Page Top

#3 I must say, I went to the site and read the story. It's thinly sourced at best.

The comments are so whack-a-doodle they could have come straight from a Daily Kos - Ron Paul wedding reception.

Posted by Steve White 2012-03-19 21:03|| 2012-03-19 21:03|| Front Page Top

#4 I agree, Steve, but still, we suffered the destruction of at least an apparent decade's accumulation of wealth and no one was heal accountable. Not the politicians who rigged the system. Not the bankers who gamed it. Not the speculators. Not the appraisers. Not the crooked central bankers who bailed them all out. Not one single person.

That's wrong.

Posted by Nimble Spemble 2012-03-19 21:28|| 2012-03-19 21:28|| Front Page Top

#5 Held not heal.

Posted by Nimble Spemble 2012-03-19 21:29|| 2012-03-19 21:29|| Front Page Top

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