On CNBC, Jon Corzine's spokesperson denies the story attached to the earlier memo about customer...

On CNBC, Jon Corzine's spokesperson denies the story attached to the earlier memo about customer funds covering an overdraft at JPMorgan - saying Corzine wasn't told client funds were the ones being used to cover the shortage.
Comments (27)
  • deercreekvols
    , contributor
    Comments (9484) | Send Message
    He has a spokesperson?


    Perhaps the spokesperson could let us know where Jon Corzine thought the money was coming from that was used to cover an overdraft at JPMorgan. Did MF Global have that much money simply floating around that was unaccounted for?


    He was the CEO afterall, it isn't like he should know these things.


    What a joke! What is the old saying about staying quiet and not letting people know how stupid you really are? The spokesperson should heed this advice.
    23 Mar 2012, 08:12 PM Reply Like
  • Joe Dirnfeld
    , contributor
    Comments (1124) | Send Message
    They rely on plausible deniability. I am certain he ordered the
    Funds to be transferred , nobody else had the authority. By nature
    He is entitled to be above the law, he is an asset class on to himself.
    23 Mar 2012, 08:26 PM Reply Like
  • J 457
    , contributor
    Comments (1000) | Send Message
    Steal over 200 mm and nothing happens except a lengthy circus act dog and pony show. Steal a bicycle and your thrown in jail. Something's not right...
    23 Mar 2012, 08:40 PM Reply Like
  • dixie
    , contributor
    Comments (281) | Send Message
    JC is not a commoner Democrat. He must be in the elite 1%.
    23 Mar 2012, 08:45 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9484) | Send Message
    Steal a bicycle three times in California and get put away for life, if the bike theft is determined to be a "serious offense." However, if you are a former Governor and Goldman Sachs CEO, you can take $1.2B of investor money and buy a chateau in France.
    23 Mar 2012, 08:46 PM Reply Like
  • anonymous#12
    , contributor
    Comments (545) | Send Message
    The common man has to abide by the rules, but those with a lot of wealth are left untouched. Guys like Corzine are the ones who decry welfare but want bigger tax cuts, less regulation and more money printing by the Fed.


    Guys like Corzine are a leech to society, they don't contribute anything of value to society, they just pillage and squander the wealth of the productive sector.
    23 Mar 2012, 09:04 PM Reply Like
  • Eighthman
    , contributor
    Comments (363) | Send Message
    Now let everyone see the scofflaw nature of banks and the financial elite!
    23 Mar 2012, 09:15 PM Reply Like
  • HoeTamer
    , contributor
    Comments (186) | Send Message
    What do they call Jon Corzine sitting at a desk in a suit.........the defendant.
    23 Mar 2012, 10:12 PM Reply Like
  • IgnisFatuus
    , contributor
    Comments (2727) | Send Message
    We can only hope....
    23 Mar 2012, 10:21 PM Reply Like
  • cn_habs
    , contributor
    Comments (544) | Send Message
    You know how it goes...Corzine won't likely be tried in the world's greatest democracy . :)
    23 Mar 2012, 10:35 PM Reply Like
  • Dave Faulkmore
    , contributor
    Comments (84) | Send Message
    Of course he won't be tried in Switzerland. The crime didn't occur there.
    24 Mar 2012, 02:27 AM Reply Like
  • Boxed Merlot
    , contributor
    Comments (1596) | Send Message
    Corzine wasn't told client funds were the ones being used to cover the shortage...


    As CEO it was his responsibility to know where these funds were coming from.


    Next thing we'll be told is he thought it was just a cash advance on his American Express account with an extra 25m walking around cash.


    GS is right, we're all just a bunch of muppets.
    23 Mar 2012, 11:47 PM Reply Like
  • Venerability
    , contributor
    Comments (3043) | Send Message
    If the Market Gods are at all fair - and as revelations continue to break, they might WANT to be at this point - we are on the verge of a spectacular rebound in Silver as JPM scurries to put lipstick, blusher, mascara, and false eyelashes on the pig - i.e. itself.
    24 Mar 2012, 12:39 AM Reply Like
  • J 457
    , contributor
    Comments (1000) | Send Message
    Why the rebound in silver?
    24 Mar 2012, 12:36 PM Reply Like
  • SA reader
    , contributor
    Comments (176) | Send Message
    Indict that crook. If he doesn't serve jail time we'll have yet another confirmation that politicians are crooked.
    24 Mar 2012, 01:24 AM Reply Like
  • rick flair
    , contributor
    Comments (369) | Send Message
    he's a made guy, he'll never see a minute of jail......either through plee bargains, or a new aperature...
    24 Mar 2012, 01:42 AM Reply Like
  • Jack Snow
    , contributor
    Comments (657) | Send Message
    Obama would pardon him anyway; big contributor to the champion of the poor people. Just imagine the screams from the press if this lice was a republican!
    24 Mar 2012, 06:31 AM Reply Like
  • apberusdisvet
    , contributor
    Comments (3098) | Send Message
    But if he does see jail, especially a place like Sing Sing (we should only wish), I'm sure he'll become known as the bankster bitch. Guido and Bubba are waiting, jonny boy.
    24 Mar 2012, 08:44 AM Reply Like
  • Ted Bear
    , contributor
    Comments (700) | Send Message
    You know, i was thinking the same thing. But a made man...a man's man...would never push off a criminal act on an underling. He would stand up and take it like a man.


    So much for Corzine being anything but a lier, a cheat, and a weak lilttle punk.
    24 Mar 2012, 12:28 PM Reply Like
  • Archman Investor
    , contributor
    Comments (3315) | Send Message
    Let's all spell it together:




    I just cannot wait until the day he is standing there as his sentence is read for this and all the other things he has done.


    24 Mar 2012, 08:22 AM Reply Like
  • Common King
    , contributor
    Comments (60) | Send Message
    Jail time in the near future
    24 Mar 2012, 09:09 AM Reply Like
  • wyostocks
    , contributor
    Comments (9113) | Send Message
    How ironic that the "spokesman" went on CNBC.
    Will the same "spokesman" make the Sunday morning talk shows on NBC? Surely, there will be plenty of MSM to defend him and toss softball puff questions on NBC.
    24 Mar 2012, 10:05 AM Reply Like
  • bdarken
    , contributor
    Comments (645) | Send Message
    Eric Holder where are you?
    24 Mar 2012, 05:48 PM Reply Like
  • Stilldazed
    , contributor
    Comments (3549) | Send Message
    Holder is busy defending himself in congress.
    24 Mar 2012, 06:21 PM Reply Like
  • bdarken
    , contributor
    Comments (645) | Send Message
    Thanks for your service, kind sir.
    24 Mar 2012, 06:31 PM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
    24 Mar 2012, 09:36 PM Reply Like
  • bdarken
    , contributor
    Comments (645) | Send Message
    I remember when investment firms were partnerships, and the principals were personally liable.
    Perhaps it's time to make the old ways new again.
    25 Mar 2012, 08:42 PM Reply Like
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