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| Economy |
| MF Global Trustee Says Shortfall Could Exceed $1.2 Billion |
| 2011-11-22 |
| h/t Instapundit The court-appointed trustee overseeing the liquidation of MF GlobalÂ’s brokerage now estimates that the shortfall in the firmÂ’s customer funds could be more than $1.2 billion, double previous estimates. Regulators currently suspect that MF Global improperly used customer money for its own purposes in the days before filing for Chapter 11 protection, according to people briefed on the matter. |
| Posted by:g(r)omgoru |
| #6 Oh, that's the article that never once mentions Corzine, isn't it? |
| Posted by: crosspatch 2011-11-22 21:11 |
| #5 Corzine biggest sin is that he kept news of MF's demise from the congressional insider traders when he was called to give evidence in front of them. Doesn't he realise how important these critters are? So they will probably crucify him. |
| Posted by: tipper 2011-11-22 19:27 |
| #4 BO might have to resort to a pardon. I doubt his powers extend to state courts of criminal and tort law. |
| Posted by: Anguper Hupomosing9418 2011-11-22 19:08 |
| #3 It's going to be interesting to see how the administration gets him out of this. BO might have to resort to a pardon. |
| Posted by: gorb 2011-11-22 10:54 |
| #2 it's not a "shortfall". They took invested funds that weren't theirs and gambled them away. Theft, outright and simple. Prison time and confiscation of everything the MF'ers own, starting with Democrat former Governor Jon Corzine |
| Posted by: Frank G 2011-11-22 08:13 |
| #1 The big thing is that this is the #1 rule that was broken by Corzine's company... I see no-one has been arrested yet. The Obama Crony helping his scandal free ('cos the MSM just wont report it) presidency. |
| Posted by: Bright Pebbles 2011-11-22 07:16 |