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The NY Times reports Jon Corzine pressed regulators in personal meetings over the last year to...

The NY Times reports Jon Corzine pressed regulators in personal meetings over the last year to curb their plans to restrict a complicated type of transaction that allows brokerage firms to borrow customer funds for a self-loan or to finance trading. Leading the government's bid to stop the practice: CFTC Chairman Gary Gensler  who worked for Corzine at Goldman Sachs.
Comments (9)
  • wyostocks
    , contributor
    Comments (7411) | Send Message
     
    This should not surprise anyone.
    4 Nov 2011, 07:24 AM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    "Come on, regulators....I'll give you a nice cushy job with a nice fat paycheck when you switch to the private sector. And by the way that's not a bribe, that's a fact!"
    4 Nov 2011, 07:26 AM Reply Like
  • phazer99
    , contributor
    Comments (31) | Send Message
     
    My guess is that during one of his drunken stupors, this insane idea seemed like a very logical one that would kick the can down the road, and save him and his ego. Remember Bernie Madoff and the other Greedsters of the past?
    4 Nov 2011, 07:32 AM Reply Like
  • lrm21
    , contributor
    Comments (53) | Send Message
     
    We are have truly become a 3rd world banana republic

     

    Take what you can for your family while there are still things to take. The time is coming soon where there will be nothing left.

     

    And dont expect some white knight to rescue you from your malaise. History shows that the power belongs to those who will exercise violence without remorse.
    4 Nov 2011, 08:00 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Jon Corzine pressed regulators...to curb their plans to restrict a complicated type of transaction that allows brokerage firms to borrow customer funds for a self-loan or to finance trading."

     

    Meantime, Lefty Malloy pressed prosecutors to curb their plans to restrict his complicated self-loan transactions involving the placing of ATM machines in the back of his flatbed truck.
    4 Nov 2011, 09:11 AM Reply Like
  • nosajio
    , contributor
    Comments (51) | Send Message
     
    Wow, you just can't make this stuff up.
    4 Nov 2011, 11:07 AM Reply Like
  • davidbdc
    , contributor
    Comments (3139) | Send Message
     
    Isn't this rich...... Folks its the triumvirate of the public unions, politicians, and financial elite that are systemically ruining our country for their own benefit.

     

    Both of these men should be thrown in jail. Its time the bureaucrats start getting the perp walks. They are willingly turning blind eyes because they know that in two years they will be VP of something at a salary of $2MM. Time to break these public unions, slash the salaries and prosecute corruption!!!!
    4 Nov 2011, 11:12 AM Reply Like
  • phazer99
    , contributor
    Comments (31) | Send Message
     
    It'll never happen in our increasingly Fascist government, where government, big business, public unions, and the elite have their own set of laws and moral codes.

     

    Sorry, but I am not optimistic.
    6 Nov 2011, 11:32 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3528) | Send Message
     
    "Leading the government's bid to stop the practice: CFTC Chairman Gary Gensler who worked for Corzine at Goldman Sachs."

     

    Sounds like Gensler understood the character of the man he was dealing with.
    4 Nov 2011, 11:13 AM Reply Like
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