MF'ing Bombshell! - Max Keiser: JPMorgan' DEATH THREAT Ordered Corzine to Pillage Personal Accounts - UPDATES

Journalist Nomi Prins Reports on Jon Corzine Congressional Testimony Over MF Global Collapse



DHS advising suspicion of people who don't use credit cards



 Dec 15, 2011


MF'ing Bombshell!

CME Exec Drops Bombshell that Corzine Knew About Customer Fund Transfers

The executive chairman of the CME told lawmakers that MF Global borrowed $175 million from customer accounts and implied that its former CEO Jon Corzine knew about it.

“Mr. Corzine was aware of the loans being made,” Mr. Duffy told the Senate Agriculture Committee, adding that MF Global had submitted documents to the CME, the major exchange where MF Global did business, that kept “regulators in the dark.”

Is Jon Corzine “Too Big to Be Indicted”? Part VI

Posted by Larry Doyle on December 15, 2011 10:22 AM | 

The ongoing saga to determine what may have happened at the critical points of demise within MF Global continues again today.

I once again encourage you to grab both a large popcorn and a barf bag while witnessing the House Financial Services Committee Hearing re: MF Global.

Will the committee members have the balls to drill down and address the critical questions as to who knew what and did what to violate the sanctity of segregated customer funds totaling a cool $1.2 billion at MF Global?

Will we be fed a line of questioning by committee members which fails to put Jon Corzine on the spot?

Might we witness a day not often seen in modern American history in which a once mighty financial and political titan is compelled to provide the truth? Will Jon Corzine be forced to confront the testimony provided earlier this week by Terrence Duffy, CEO of the CME.

Let’s help the committee members out and provide a line of questioning which they should pursue if they have any sense of rectitude and dignity. To this end, I welcome referencing BankThink’s Francine McKenna’s fabulous commentary, Hard Questions Lawmakers Should Ask at MF Global Hearing.

McKenna provides questions which the best prosecutors in the country would appreciate. She also provides a frame of reference for her questioning which can only be defined as enlightening.

CME Group plays old-school Chicago politics

In case you missed it, last night Jon Corzine was artfully thrown under what looked like a bomb-strapped bus being driven by the Chicago Mercantile Exchange, with no Keanu Reeves in sight.

Terry Duffy, chief executive of CME group, told the Senate hearing on MF Global that the former New Jersey governor “was aware” that money had gone missing from customer accounts.
From Duffy’s opening statement, via Congressional Quarterly:


MF Global’s segregation report for Thursday, October 27th, which was delivered to CME on Friday the 28th, also stated that MF Global remained in full compliance with segregation requirements. In fact, it showed that the firm held $200 million in excess segregated funds.
On Sunday, the CFTC informed us that they were aware of a draft segregation report for the close of business on Friday, October 28th, which showed more than a $900 million shortfall in required segregation….
… DUFFY: After receiving this information, CME remained at MF Global while MF Global attempted to identify funds that could be transferred into segregation to reduce or eliminate the discrepancy. A CME auditor also participated in a phone call with senior MF Global employees, wherein one employee indicated that Mr. Corzine knew about the loans that it had made for the customer — from the customer segregated accounts.
CME Group has provided this information and the names of these individuals to the Department of Justice and the CFTC for investigating these matters….
On Monday, October 31st, the day the SIPC trustee took over, MF Global revised its segregation report for Thursday, October 27th, indicating that the alleged $200 million in excess segregated funds should have been reported as a deficiency of $200 million.

ROBERTS: Is there anything else about this conversation you believe important for this committee to know?
DUFFY: No, sir. I was just asked to raise my right hand and tell the whole truth, so I’m telling you what I know.

  Max Keiser: JPMorgan Ordered Corzine to Pillage Personal Accounts at MF Global

Corzine to face questions about regulator contacts in another congressional grilling

note: provides this "CME Group Inc. Executive Chairman Terrence Duffy told a Senate panel Tuesday that Corzine might have known about a transfer of $175 million from customer accounts"

WASHINGTON  — Jon Corzine's third congressional grilling about MF Global's failure will likely examine his contacts with regulators and a fresh allegation about his role in the disappearance of clients' money.

Jon Corzine appears before congress last week to answer question on MF Global's collapse and missing client money. Corzine was the firm's CEO. 

Corzine is set to appear Thursday afternoon before the House Financial Services Oversight and Investigations Subcommittee, a Republican-led panel known for aggressive questioning. It's his first public appearance since a financial-exchange executive alleged Tuesday that Corzine knew more than he's admitted about the firm's transfer of client money in its final days.
About $1.2 billion of customer money was unaccounted for when MF Global collapsed in late October, becoming the eighth-largest bankruptcy in U.S. history. Lawmakers, regulators and law enforcement officials are trying to find out what happened to the money.

Corzine, a former Democratic New Jersey senator and governor, resigned as CEO of MF Global last month.

In his two previous Capitol Hill appearances, Corzine said he never told anyone to "misuse" customer money. He learned about the shortfall in customer accounts late on Oct. 30, the day before the bankruptcy filing, Corzine insisted.


Corzine Busted, CT Mayor Wants Illegals Vote & More: Infowars Nightly New
Thursday, December 15, 2011

Alex breaks down the latest on Jon Corzine and the missing 1.3 Billion. Corzine may also be looking at prison time for his comments stating he knew nothing about where the money went. Alex also reports on a Ct mayor who thinks it would be just fine to allow ‘illegals’ to vote.


Tags: Chicago Mercantile Exchange, Terrence Duffy, Compliance Trading, MF Global, Jon Corzine, Compliance/Trading,


[ Copy this | Start New | Full Size ]


You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by truth on July 8, 2013 at 6:37pm
Comment by Ken Troxel on March 26, 2012 at 9:56pm

I am sure Celente will have a hardon with this news, least he will change his rant some with this news.


Comment by Meglamaniac on December 28, 2011 at 8:06pm

Corzine vs. Keiser in a cage match to the death...... My money's on Max.....

Comment by Tara on December 15, 2011 at 5:38pm

and the plot thickens..... Can we say, gangster banking? Max Keiser sure is right on about that.

"Destroying the New World Order"



mobile page

12160 Administrators


Latest Activity

2 hours ago
Doc Vega posted a blog post

What Emotion Do all Election and Other Causes Depend Upon? Hatred

 All propagandists, election campaign strategists, PR specialists, social engineers, and even…See More
9 hours ago
Doc Vega's 4 blog posts were featured
12 hours ago
cheeki kea's 2 blog posts were featured
12 hours ago
tjdavis's blog post was featured
12 hours ago
Larry Harmen's blog post was featured

WW3 is days away!!! Project Blue beam is about to happen = NASA project = 3 rockets April 8th into the Eclipse.

U.S. Prepares for a Massive attack on Iran and many Nations today in the News.…See More
12 hours ago
Boris's blog post was featured

! FBI's McCabe intentionally held off investigation of newly discovered Clinton emails found on Wiener's computer until after the election

Modal Trigger Justice Department investigating McCabe’s handling of Clinton email probe Chris Wray…See More
12 hours ago
J. Patriot's blog post was featured

Letter from a small Company that was declined disaster relief due to the COVID-19 from the Small Business Administration

To Whom it may concern,I have been running a business in the red with Insurance cost, driving…See More
12 hours ago
Burbia's blog post was featured

Major Players Behind the SS LIBERTY

What now? These things are not even being hidden anymore.MOSSAD Eyes and Ears, Mathilde Krim, LBJ…See More
12 hours ago
alux junes posted a status
18 hours ago
alux junes posted a status
18 hours ago
alux junes posted a status
18 hours ago
alux junes posted a status
19 hours ago
alux junes posted a status
" is easier than this"
19 hours ago
alux junes posted a status
19 hours ago
alux junes posted a status
"how many people still come here?"
19 hours ago
tjdavis posted a video

Prince - Cinnamon Girl (Official Music Video)

"Cinnamon Girl" from 'Musicology' (2004)☔️ Listen to more Prince here📺 Watch all the official Prince videos here
MAC posted photos
FREEDOMROX posted a blog post
MAC posted a discussion

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 2007-2019 - all rights reserved. unless otherwise noted