Jon Corzine Is Full Of Shit And A Liar

tusme · 08-12-2011, 03:35 PM

Jon Corzine has released the written testimony that he will make before Congress today. It has been highly polished up by his legal advisers and contains so many "I can't recall's" that even Bill Clinton would blush. While the entire testimony has very little credibility with regard to substantive issues, I just want to address one specific quote from the testimony because I know - for a fact - that Corzine is lying. From page 17 of the prepared testimony:

I did not, however, generally involve myself in the mechanics of the clearing and settlement of trades, or in the movement of cash and collateral. Nor was I an expert on the complicated rules and regulations governing the various different operating businesses that comprised MF Global. I had little expertise or experience in those operational aspects of the business.

Here's the full testimony: LINK If you take the time to read the full testimony, please try not to puke like I nearly did over the obvious lies and legally refined statements which are designed to obfuscate and cover-up the truth.

Cont'd here...

fingersync · 08-12-2011, 04:11 PM

http://www.washingtonpost.com/busine...leO_story.html

“I simply do not know where the money is, or why the accounts have not been reconciled to date,” the former MF Global chief executive says, according to the testimony.

Meanwhile, the firm’s collapse has become a major disruption for customers and others who depended on MF Global.

MF Global - The customer charter *
The execution of any instructions from our customers will be carried out with integrity, care and diligence.
We will endeavour to provide the service standards we have led our clients to expect.
We believe that properly trained staff is the best way to ensure our customer expectations are understood and met to the highest standards.
All customers should be confident that MFG employees will act with integrity, openness, professionalism, competence and transparency at all times.
All information provided, disseminated or otherwise communicated on our products and services offered should be clear, fair and not-misleading, with the customers’ needs in mind.
We support a transparent relationship with our customers in our dealings with them and provide customers with help and assistance to understand relevant products and services.
We design our financial promotions so that material information is clear, balanced and useful for the target customer groups and we seek to empower them to make informed decisions.
Fair outcomes for our customers are inherent in our organisational culture and our business model, and we see this as both a core competence and a competitive advantage.
Our customers can be confident that we will deal with any complaints efficiently and fairly, we will endeavour to keep the customer updated on material developments.

MF Global customer: My entire account is missing

http://www.reuters.com/article/2011/...7B12AD20111202

MMMM! greed and little boys and bright shiny things...god help us if these dangerous psychopaths ever get their trotters on pension funds or Public Utility Budgets...I think this creature Jon Corzine should be on a public death row...it cannot be allowed to live.

fingersync · 08-12-2011, 04:38 PM

http://www.forbes.com/sites/jeffberc...ke-great-ceos/

They also make great mass murderes and serial killers who kill quickly...This one is sicker and as dangerous as a child rapist/murderer and should follow the same sanction as its close cousin who hurts less people in the greater scheme of things..

Chairman Lucas, Ranking Member Peterson and Distinguished Members of the
Committee:
Recognizing the enormous impact on many peoples’ lives resulting from the events
surrounding the MF Global bankruptcy, I appear at today’s hearing with great sadness. My
sadness, of course, pales in comparison to the losses and hardships that customers, employees
and investors have suffered as a result of MF Global’s bankruptcy. Their plight weighs on my
mind every day – every hour. And, as the chief executive officer of MF Global at the time of its
bankruptcy, I apologize to all those affected.

This thing feels fuckall..read the whole deal...It is a mistake and in a position of power...It's a big mistake..

08-12-2011, 03:35 PM	#1
tusme Senior Member Join Date: Jun 2008 Location: Truth realm Posts: 4,686	Jon Corzine Is Full Of Shit And A Liar Jon Corzine has released the written testimony that he will make before Congress today. It has been highly polished up by his legal advisers and contains so many "I can't recall's" that even Bill Clinton would blush. While the entire testimony has very little credibility with regard to substantive issues, I just want to address one specific quote from the testimony because I know - for a fact - that Corzine is lying. From page 17 of the prepared testimony: I did not, however, generally involve myself in the mechanics of the clearing and settlement of trades, or in the movement of cash and collateral. Nor was I an expert on the complicated rules and regulations governing the various different operating businesses that comprised MF Global. I had little expertise or experience in those operational aspects of the business. Here's the full testimony: LINK If you take the time to read the full testimony, please try not to puke like I nearly did over the obvious lies and legally refined statements which are designed to obfuscate and cover-up the truth. Cont'd here... __________________ *TRUTH...not mine!* *The Sane Hiker*

08-12-2011, 04:38 PM	#3
fingersync Senior Member Join Date: Jul 2011 Location: Port Edward, KwaZulu-Natal Posts: 3,104	http://www.forbes.com/sites/jeffberc...ke-great-ceos/ They also make great mass murderes and serial killers who kill quickly...This one is sicker and as dangerous as a child rapist/murderer and should follow the same sanction as its close cousin who hurts less people in the greater scheme of things.. Chairman Lucas, Ranking Member Peterson and Distinguished Members of the Committee: Recognizing the enormous impact on many peoples’ lives resulting from the events surrounding the MF Global bankruptcy, I appear at today’s hearing with great sadness. My sadness, of course, pales in comparison to the losses and hardships that customers, employees and investors have suffered as a result of MF Global’s bankruptcy. Their plight weighs on my mind every day – every hour. And, as the chief executive officer of MF Global at the time of its bankruptcy, I apologize to all those affected. This thing feels fuckall..read the whole deal...It is a mistake and in a position of power...It's a big mistake.. Last edited by fingersync; 08-12-2011 at 04:44 PM.

08-12-2011, 04:11 PM	#2
fingersync Senior Member Join Date: Jul 2011 Location: Port Edward, KwaZulu-Natal Posts: 3,104	http://www.washingtonpost.com/busine...leO_story.html “I simply do not know where the money is, or why the accounts have not been reconciled to date,” the former MF Global chief executive says, according to the testimony. Meanwhile, the firm’s collapse has become a major disruption for customers and others who depended on MF Global. MF Global - The customer charter * The execution of any instructions from our customers will be carried out with integrity, care and diligence. We will endeavour to provide the service standards we have led our clients to expect. We believe that properly trained staff is the best way to ensure our customer expectations are understood and met to the highest standards. All customers should be confident that MFG employees will act with integrity, openness, professionalism, competence and transparency at all times. All information provided, disseminated or otherwise communicated on our products and services offered should be clear, fair and not-misleading, with the customers’ needs in mind. We support a transparent relationship with our customers in our dealings with them and provide customers with help and assistance to understand relevant products and services. We design our financial promotions so that material information is clear, balanced and useful for the target customer groups and we seek to empower them to make informed decisions. Fair outcomes for our customers are inherent in our organisational culture and our business model, and we see this as both a core competence and a competitive advantage. Our customers can be confident that we will deal with any complaints efficiently and fairly, we will endeavour to keep the customer updated on material developments. MF Global customer: My entire account is missing http://www.reuters.com/article/2011/...7B12AD20111202 MMMM! greed and little boys and bright shiny things...god help us if these dangerous psychopaths ever get their trotters on pension funds or Public Utility Budgets...I think this creature Jon Corzine should be on a public death row...it cannot be allowed to live.