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Re: Jon Corzine Will Not Only Not Face Prosectuion, But May Be Launching A Hedge Fund Imminently

By: ribit in ROUND | Recommend this post (0)
Sat, 18 Aug 12 7:00 PM | 47 view(s)
Boardmark this board | De's Test Board 		Msg. 43401 of 45651
(This msg. is a reply to 43370 by capt_nemo)
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capt
...if I was Romney, I would promise a re-opening of that case as a first priority. Ya don't "misplace" a billion dollars of someone else's money and get to run around lose. I couldn't be more outraged if Jerry Sandusky got out of jail and opened a day care center for children.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Jon Corzine Will Not Only Not Face Prosectuion, But May Be Launching A Hedge Fund Imminently
By: capt_nemo in ROUND
Thu, 16 Aug 12 5:42 PM 		Msg. 43370 of 45651

And there ya have it. Fraudsters!!!!!!!!!!!! Carryon, you;re good to go...........F^&*()_+king nuts man..

Submitted by Tyler Durden on 08/16/2012 - 09:31 goldman sachs Goldman Sachs MF Global

In what should be the biggst non-news of the day, the NYT is reporting that not only will Jon Corzine not face any criminal prosecution for vaporizing hundreds of millions in client money (which subsequently condensed in the JPM middle office), but will in fact be launching ... wait for it... a hedge fund. "A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case." And algos... And glitches... And faulty software installs... And some junior person who has long since left the company... and, and, and, lots and lots of passive voice... Because in the Banana republic of the crave, no bundles can ever go to jail, no matter how heinous the crime, which is not to say other places are better: in Thailand you shoot your secretary in the stomach during dinner with an Uzi and you don't even pay a $600 fine. But at least it puts things in perspective. So what is next in store for this former man of power? "Mr. Corzine, in a bid to rebuild his image and engage his passion for trading, is weighing whether to start a hedge fund, according to people with knowledge of his plans. He is currently trading with his family’s wealth. If he is successful as a hedge fund manager, it would be the latest career comeback for a man who was ousted from both the top seat at Goldman Sachs and the New Jersey governor’s mansion." So will Jon will be buying Italian bonds? We don't know. Ask him yourself.


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http://www.zerohedge.com/news/jon-corzine-will-not-only-not-face-prosectuion-may-be-launching-hedge-fund-imminently

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