[Forbes] Former MF Global CEO Jon Corzine was exiting the room during a recess in Thursday's House Financial Services Committee, when a man attempted to serve him with papers on behalf of one of the firm's former clients.
CNBC cameras captured a man walking up to Corzine as he exited the hearing room and attempting to serve him with a lawsuit. Corzine told the process server to see his lawyer and kept walking as someone in his party bent over to pick up the documents, which had been put on the ground in the former New Jersey senator and governor's wake. The network's Kayla Tausche said the suit is on behalf of a customer who had a $95 million MF Global account, filed in the Southern District of New York.
Earlier during Thursday's hearing, Corzine reiterated that he never authorized the misuse of customer money, never intended to do so and never said anything that could have been misconstrued to those ends.
The testimony comes after CME Group Executive Chairman Terrence Duffy said in a Senate Agriculture Commitee hearing Tuesday that an MF Global employee told CME auditors that Corzine knew about a loan to the brokerage firm's European subsidiary that came from commingled customer funds.
Posted by: Fred ||
12/16/2011 00:00 ||
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#2
I know it's probably waaaay too much to hope for, but nonetheless I've entertained myself with the thought that Corzine might mitigate a very well-deserved criminal sentence by diming out the folks behind the curtain who deliberately caused the financial crisis (remember former Rep. Kanjorski's claim on CNBC about how "someone threw us in the middle of the Atlantic Ocean without a liferaft?"). I'd be perfectly fine with Corzine getting just a few years in Club Fed, or even probation and a fat fine, if it led to Supermax time for someone like Soros.
Posted by: Ricky bin Ricardo (Abu Babaloo) ||
12/16/2011 16:08 Comments ||
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#3
Typical democrat. What's yours is mine and what is mine is mine...part of the democratic oligarchy. France under Louis XVI was not this corrupt.
As an aside, I'm waiting for the other shoe to drop on the Pelosi insider trading/vast accumulation of wealth while speaker investigation ruminating in the bowels of the SEC. That one will tear the democratic party apart if it sees the light of day.
Did you notice I didn't capitalize democrat?
Posted by: Bill Clinton ||
12/16/2011 16:10 Comments ||
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How much of this money has been laundered and funneled into Obama's re-election campaign?
[Washington Post] First lady Michelle Obama and first daughters Sasha and Malia are headed to Honolulu on Friday for a 17-day vacation -- without the president.
Posted by: Fred ||
12/16/2011 00:00 ||
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US Ambassador to the UN Susan Rice has denounced the treatment that Israel receives at the UN as "obsessive, ugly, bad for the United Nations ...an idea whose time has gone... and bad for peace."
So true. And yet she has spent much of her career adding fuel to that particular fire.
In an address to the annual reception of the Conference of Presidents Fund on Wednesday, Rice reaffirmed US commitment to oppose any efforts to "chip away at Israel's legitimacy."
"Except when the Obama administration is doing it, or agrees with what is being said," she added, sotto voce.
She praised the extensive US-Israel military intelligence cooperation, saying President Barack I don't sit around just talking to experts because this is a college seminar, we talk to these folks because they potentially have the best answers, so I know whose ass to kick Obama "has been clear all along that our special relationship with Israel is deeply rooted in our common interests and our common values."
Certainly he has been clear that his interests and values nowhere intersect with Israel's.
#4
I think you are wrong gromgoru, there are Jews (eg Chomsky) who ahev drifted so far awy from Jewishness they no longerfear and in fasct are friendly to racial antisemitism believing they are safe.
#6
Jewish leftists will once again recognize the political deviltry to late...and will be figuretively marched to the gas chambers via Iranian nukes and universal indifference.
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When I hear the name Chomsky I want to vomit.
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.
[Forbes] Former MF Global CEO Jon Corzine was exiting the room during a recess in Thursday's House Financial Services Committee, when a man attempted to serve him with papers on behalf of one of the firm's former clients.
First lady Michelle Obama and first daughters Sasha and Malia are headed to Honolulu on Friday for a 17-day vacation -- without the president.
