h/t Instapundit
The court-appointed trustee overseeing the liquidation of MF Globals brokerage now estimates that the shortfall in the firms 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.
#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 ||
11/22/2011 8:13 Comments ||
Top||
#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.
#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.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
