TradingChief's  Instablog

Send Message
I have been in the stock market since 1989. I have been trading and investing on my own since then. I have established a website for people that are serious traders and investors. We have a bulltetin board that we use for information and not for jibbersih on how your stock is going to the moon... More
My company:
My blog:
  • Jon Corzine.. Where are you?? 3 comments
    Nov 28, 2011 6:16 PM

    I always find CNBC coverage amazing. There "experts" in some cases have paid thousands of dollars in fine for various infractions of the securtities law, some "hundreds of thousands". They are interviewed as the "Masters of the Markets" and given adoration for their wisdom.

     I remember an Oprah show where a guy claimed to be "a down and outer" and dragged himself out of the gutter and wrote a book. Oprah was so impressed she brought him on her show to illustrate to the world how this man, came from the low and pulled himself up. He was a roll model, a Master of the life change" if you will.

    Well it was found out this guy embelished his story to sell books.  She apologized to her audience and pursued this guy. So much that she hounded him to get him back on the show.

    Strange isn't it? Corzine has been on CNBC numerous times, yet they do not go after him to defend himself on air, apologize to viewers for holding  this guy  up as some sort of "Master".
    CNBC does not demand their pro's be pure? They can be  security violators,  just pay the fine and we will not mention it, thats the rule?
     In fact if they did say, no securities violators allowed, there stock of experts would be minimzed significantly.

    So what about Corzine? They do not keep this Corzine thing front and center to keep the pressure on the agencies involved! Even though they know  jobs, and cusotmers are folding like deck chairs on the titanic? CNBC? not a word!

    In fact CNBC does nothing. Its the premier business channel that wants to "promo the market as much as possible" and hold themselves out as being the "market savvy network with highly knoweldgable people", yet.... they let this one slide?

    No demands for righting an injustice to the customers and employees  of MF Global. Just total silence.
    Corzine has been in hiding for 24 days and not a word on this story. Politics and Money at work?

Back To TradingChief's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (3)
Track new comments
  • Mike Holt
    , contributor
    Comments (1869) | Send Message
    The distinction between members of the Tea Party movement and members of the Occupy movement sometimes seems a little blurry. However, even though this may not have been your intent, your article made me realize that the distinction may be summarized as follows: Members of the Tea Party movement are primarily concerned with the question, "Where is John Galt?" while members of the Occupy movement are primarily concerned with the question, "Where is Jon Corzine?"
    1 Dec 2011, 03:16 PM Reply Like
  • Mike Holt
    , contributor
    Comments (1869) | Send Message
    Now that we have found Jon Corzine, the real question has become "Where is the money that was entrusted to him?" The buck has to stop somewhere, and by that I mean accountability as well as the actual bucks. Maybe this is the real meaning of a "shadow banking system."
    8 Dec 2011, 11:03 AM Reply Like
  • TradingChief
    , contributor
    Comments (39) | Send Message
    Author’s reply » Here we are 3 years later and Jon Corzine continues to live the life of the rich and famous and not a word about the entire fiasco is recorded anywhere that matters. If there was a proverbial market rug, this was one of the majors sweeps that escaped even the smallest scrutiny. No one even bothers to pretend there is a rule of law anymore. Sad but true.
    22 Sep 2014, 07:21 PM Reply Like
Full index of posts »
Latest Followers


  • CCB-V A New Lead Dog Is In Town Graphite/Graphene And Defence Grade $BRUZF
    Sep 22, 2014
  • Bucket Shop Law
    Aug 29, 2009
  • GS short will work - If they limit/bar GS from commodity speculation then its like removing the trough from the stye
    Jul 28, 2009
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.