Article

2011-10-31 Economy

Jon Corzine Leads Financial Co. to $40 Billion Bankruptcy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Frozen Al 2011-10-31 13:13|| || Front Page|| [4 views ] Top

#1 And Mr. Goldman Sachs is supposedly receiving 12.1 million dollars for the privilege of destroying his company and who knows who else. It is obscene that we routinely let these doofuses walk away with this money.

Does anyone remember when Wall Street gamblers used to actually lose money when they gambled instead of becoming enriched? A great racket if you can get in on it. Sucks for everyone else.

Posted by Jeque Hupairong2828 2011-10-31 14:50|| 2011-10-31 14:50|| Front Page Top

#2 Corzine is walking away with a cool $12 million. I'd been willing to destroy the company for only $6 million.

Posted by Eohippus Phater7165 2011-10-31 15:10|| 2011-10-31 15:10|| Front Page Top

#3 Oops. JH wuz first.

Posted by Eohippus Phater7165 2011-10-31 15:11|| 2011-10-31 15:11|| Front Page Top

#4 Corzine was governor of the failed state of NJ, former CEO of Goldman Sachs which was bailed out, and headed up the failed MF Global Holdings. He is now being considered to replace Tim "No Tax" Geithner? I'd be willing to fail for a lot less.

Posted by JohnQC 2011-10-31 16:34|| 2011-10-31 16:34|| Front Page Top

#5 Maybe he should run against obama as bankrupter in chief.

Posted by newc 2011-10-31 16:48|| 2011-10-31 16:48|| Front Page Top

#6 At least no bears were harmed in this screwing over of investors........

Posted by no mo uro 2011-10-31 19:57|| 2011-10-31 19:57|| Front Page Top

#7 MF Global was leveraged almost 40 to 1.
Most exposure was in Europe. Others may soon fall. Talk about GE now is circulating. I remember reading something like $127 billion exposure.Better start selling stuff because this is an election year. Business always is down in an election year.The O connection is everywhere.

Posted by Dale 2011-10-31 21:08|| 2011-10-31 21:08|| Front Page Top

#8 FRAUD @ MF Global?

Posted by Bright Pebbles 2011-10-31 22:21|| 2011-10-31 22:21|| Front Page Top

23:51 newc
23:36 rjschwarz
23:18 Skidmark
23:13 JosephMendiola
23:10 JosephMendiola
23:09 Creger Hapsburg9613
23:05 JosephMendiola
23:03 JosephMendiola
22:57 JosephMendiola
22:56 JosephMendiola
22:53 JosephMendiola
22:42 JosephMendiola
22:37 Sherry
22:21 Bright Pebbles
21:47 Skidmark
21:44 Skidmark
21:42 Skidmark
21:29 trailing wife
21:27 trailing wife
21:26 Dale
21:22 SteveS
21:22 Pappy
21:15 SteveS
21:12 SteveS