At least he chose to lie , instead of taking the FIFTH .

"I was stunned when I was told on Sunday, October 30, 2011, that MF Global could not account for many hundreds of millions of dollars of client money.

Stunned that he was discovered

Take a look in offshore accounts and you'll find it.

The Occupy Wall Street protesters should camp out in his front lawn.

Um, didn't they say that most of the tarp money was repaid? If so where is it? How can billions just disappear?

Oh, and bob, I can't think of any reason that he shouldn't be. Is he an income tax cheat?

The Occupy Wall Street protesters should camp out in his front lawn.

Why? It's all 1%'ers money that has "disappeared". I guess that the buck doesn't stop here anymore.

Mf apparently lost $1.2 billion of rich people's money, the government has misplaced over 800 billion tarp dollars, with interest, of tax payer's money, haven't they?

Put him in a cell with Blago.

I didn't see one mention of the Teneo Corp who was gettin 50 G a month from this crook for financial and PR advise. Supposedly THEY told Corzine to go LONG on EU Bonds. Who in the hell would go long on EUROs? Was it deliberate to transfer wealth to people who where in a bad shape with EUROs?

I didn't mention who the two Big Shots were that controlled Teneo, YES! Bill Clinton and Tony Blair.

The first contract for Teneo was almost 3.5 million from the Rockerfeller Foundation to draw up plans for the Rockefeller Foundation 100 year centinial. That's just plannin! What kinda party is this NON Profit, NON TAX payin entity goin to spend for a party?

Meanwell, for you OWS people. All our financial problems arise from the FED who was established in 1913. Same year Rockefeller, Ford, Carnegie and the rest of the thiefs established their tax free BGOs/Foundations to hid their wealth but retain the power of the wealth.

Rockefeller initially fought against the cretion of the FED and IRS, but his LAUYERS figured out how he could hid his money and use his power to eliminate the smaller compition. Thus the beggining of our crony corporate fcsist system which is rapidly spinin out of controll. Can any of you Libs say GE? Ya ALL love that NAZI money speculator SOROS and his 1200 NGOs!

So for ALL you Blue/Red game players. They are both two sides of the same coin and dance to the same puppetmaster.

President Bush I, II, Clinton and President Obama were ALL Agency developed for the Trans National BANKSTERS to establish their New World Order. Enjoy. LOL!

PS: Since yesterday was Pearl Harbor Day. We totally ReBuilt American manufactoring and flooded the world with war materials and Food and WON WWII in the same time we haven't done squat for the American economy for the last 3 and a half years. The collapse of AMERICA is PLANNED by the NWO. They need to eliminate the middle class to do so. And they are doin a damn good job doin it. LOL!

"Gee guys, I'm sorry but I have no idea where the money went. (beep beep) Please excuse me, my new Bentley just pulled up. See you at the fundraiser on Friday!"

"Corzine said in his remarks that since he left MF on Nov. 3, he has had limited access to documents, including internal emails, account statements and even his own notes. He added that even when he was at MF, he had limited involvement in the firm's clearing, settlement and payment mechanisms, and accounting. "

So the Chief Executive Officer of MF says he didn't know what was going on? Either he's lying or he's totally incompetent. I can see why he would lie (He's afraid of going to jail), but to admit to total incompetence is amazing. How could any CEO claim to not know what's going on in his own company.

The fact that Corzine has a reputation as a 'high risk taker' tells us a lot about what probably happened. As he gambled on making big profits on foreign government debt and it turned sour, he kept on gambling, hoping to recoup his losses using customer trust funds. It obviouly didn't work.

Waterboard him and Bernie Madoff until they remember what coat pocket the money is it. While I'm at it, tens of thousands of US Servicemen have been boarded. Give all the pedophile and child murders and mass murderers and bigtime crooks suspects, drugs, hypnotise and then ride da board to stop this. Our society is collapsin due to this white collar crime. We ain't got more than two years left. The great depression will not look like sh!t compared to the complete collapse commin.

scrambolo "Have any of you people ever heard of "Innocent until PROVEN guilty"?"

Unless I'm mistaken, you make plenty of speculations of your own. Is your 'concern' because Corzine is a fellow Democrat and a 'Bundler' for Obama's campaign contributions?

Former New Jersey governor tells lawmakers he was stunned when he heard about the disappeared funds.

Ah, more Pulitzer level writing from another Ace MSNBC reporter!

"Disappeared" is not an adjective, idiot! You use "went missing" when disappeared is correct, and then decide to make "disappeared" an adjective. Go back to school and learn English, or has MSNBC outsourced all of its writing and editing?

Shaking my head

The party who specializes in taking from some people and throwing what they took away on useless people so they will vote for them.

Useless people? Exactly what do you deem as a useless person? Am I useless b/c I vote democratic, am I useless b/c I raise a family, Am I useless b/c I work 40 hours a week?, Am I useless b/c I believe that if we help the people that need it the nation will be better as a whole? I very interested to hear what you mean by a useless person, as I'm sure everyone else reading your comment is as well. It is people like you that keep people that really need short term assistance from seeking it. I hope for your sake the day never comes that you need it.

Yeah he like many other criminals was linked to Obama

U.S. Sen. Jon Corzine, whom President Obama once hailed as an “honorable man” and one of his “best partners” in the White House

Jon Corzine was on the short list to be Treasury Secretary

What ever happened to that cute, charming phrase in America;

"NO MAN IS ABOVE THE LAW" ??????

A phrase completely obliterated by Bush and now Obama.

_______________________________________________

This scum bag Corzine should have been in prision months ago along with cell mates from most of the major banks and the "Fed".

I think we all know a few "useless" people. You know, the ones who sit on their ass and collect welfare for years and buy their groceries with food stamps that we taxpayers have to pay for. Or the ones on "disability" that just can't work but can make it to the bingo games. A little off topic but someone asked!!

Scramblo, Roy is correct. HOW many BANKSTERS went to jail so far? How many Big Time investment houses went down? Did ANY git the Martha Steward treatment? NO!

Did anyone cut Cain any slack? NO! He had to be either the stupidest multi-millionaire affirmative action dude on record or he was set up. Don't know. Don't think he had lost a BILLION dollars of other people money in one of his pockets though. LOL!

Corzine should have been in prison over 7 years ago, not just months ago.

New Jersey Gov. Jon S. Corzine gave his ex-girlfriend, a state worker union
leader, more than $6 million upon their breakup in 2004, when Corzine was a U.S.
senator.

Corzine, a Democrat, and
Carla Katz, president of the largest state worker union local, have repeatedly
refused to discuss the financial arrangement between them.

Move over Madoff, we've got a new roomie for you.

Seriously, they should be adding on a new wing at Rikers Island for the thousands of banksters on Wall Street and hundreds of crooks in Congress to live in. Why has there been no investigation of any of these criminals unless they happen to blow the whistle on themselves by accident? I mean, I get audited on my taxes for nothing, and the IRS ends up owing me more money, but these goons get away with billions and nobody is wise!

What a crappy joke!

This man has a red target on his forehead and back. He knows exactly where the money went, it went into the back pockets of some politicians that he is not willing to confess and say that they all were involved in money laundering and funneling. How else did all these politicians and 1%ers get rich. They stole from the American people.

RON PAUL 2012

@1.9 -- Shaking My Head, the Fed (as in Federal Reserve Bank) is not a branch of the federal government, it is a private bank. What makes you think they "gave" away 8 trillion dollars to anyone?

Do you really think a Republican president would have any more insight into the operations of the Federal Reserve Bank than a Democratic president? If so, what leads you to believe that?

Try cutting open your mattress you greedy piece of shyt.

Former New Jersey Governor and Senator Jon Corzine says he does not know what happened to the "many hundreds of millions of dollars" missing from clients' accounts at MF Global Holdings, the now-bankrupt brokerage Corzine once led.

Blah, Blah, Blah,,,,BULLS**T!

I can understand a few thousand dollars, even a couple million, not that it's right. But $1.2 BILLION???

You, Mr. Corzine, are a LIAR! This massive amount of money didn't just disappear in an instant or even days. This has obviously been going on for months, if not longer. As the CEO it is your fiduciary responsibility to be aware of every penny of your investors money. The moment an investor contributed a single dollar to your brokerage a legal AND ethical relationship of confidence or trust between you and that investor was established.

"I don't know" is not a responsible defense, it's a cop out.

Of course we all know that this hearing will just be another "dog and pony" show for the exploited investors. This will be another Congressional parade of questions, accusations and political posturing. Just like the "bread and circuses" we saw with the Congressional inquiry into the banks involvement in the housing and liquidity collapse of 2008, nothing will happen. More than likely some middle management lackey will be found guilty of some irrelevant wrongdoing along the chain of command from investor to Corzine and the Board and he/she will be slapped with some penalty, fine or jail time. The rest of the involved parties will just walk.

Out of the almost 3,300 employees of MF Global, NO ONE saw any problems with the investments this company was making in very risky European Union Bonds? No one? Once again, BULLS**T!

By no means can this absolve our incompetent governments alleged oversight. Of course none of this will be their fault. This will just be another bad chapter in our bloated bureaucracy and will be swept under the rug. Does anyone honestly believe that a previous Senator and Governor will somehow be punished in any significant way by our Congress. The $1.2 Billion dollars is long gone. A quick check of offshore laundering institutions may reveal something as MF Global originated in Bermuda. Other than that, the legal responsibilities will be minimal. Corzine will walk, as will the Board. The unfortunate consequence will, once again, be put on the investors. The Congressional hearing will go through its usual steps, fingers will be pointed, blame will be given, and in the end the results will be the same.

Nothing!

"I simply do not know where the money is, or why the accounts have not been reconciled to date," he said.

I'd start looking in the Caymans.

Mac-101

#1.18 - Thu Dec 8, 2011 8:40 AM CST

When posting a comment, it is best to not do so after swilling so much whiskey, as the apparent illiteracy of the comments takes much away from the point's validity even when they held none from the start (give yourself a chance at least). And the conspiracy theory of the secret group molding our presidents to fit the bill for corruption and financial deceit? I would say you shouldn't drink whiskey on meds either.

azdad48 "@1.9 -- Shaking My Head, the Fed (as in Federal Reserve Bank) is not a branch of the federal government, it is a private bank."

That's only partially true. The taxpayers provide guarantees to the Fed, and any 'excess profits' generated by the Fed typically are transferred to the government's general fund. Those 'profits' amounted to about $79 Billion in 2010.

I love how this article doesn't mention one thing about his involvement with President Obama's economic strategies. Vice President Biden, on two occasions, bragged about how he and President Obama called Corzine right after election to get advice on how to run the economy. The Adminstration also discussed giving him Geitner's job. (allegedly). That seems like some pretty big news to me, but that's just my opinion.

I totally agree with those that say this is NOT a democrat and republican issue. Greed doesn't know any particular party. Betting doesn't know any particular party.

However, the annoying aspect of all this is that the democrats hide behind insisting they care about the "little" people. True they are willing to throw more crumbs their way, but as far as solving long-term structural issues they are devoid of answers because helping people to stand on their own defeats the party purpose of keeping the people poor and unhappy and voting for those throwing the crumbs. It is a vicious cycle that is disgusting.

At the same time, republicans have no room to talk either because as soon as nobody is looking they take the money offered to buy votes. Just take a look at the super committee and notice how much money they took in when they got nominated for those positions. Their campaign contributions rose substantially for both parties.

The OWS is pro democrat because of that crumb throwing, but they are wrong if they think just taxing the 1 percent will bring income equality and jobs. You could take all the money from those 1 percent people and many would rise up again with the ability to create wealth. BTW, out of 137,982,203 filers in 2009, just 1,380,000 had an AGI at or above 343,927. The vast majority in that 1 percent bracket make around the 400,000 level. This notion that there is gobs of millions running around is fiction. Most of them live in 7 cities here in the US and they pay 40 percent of the taxes in those cities/states.

Corzine was either just a figurehead for MF Global and never bothered himself about the details but just enjoyed the perks, or he thinks he can get away with just lying.

I say he is a risk taker and knew perfectly well what he was doing. Do you remember the seatbelt episode in NJ? He refused to wear one no matter the speed of his car. Risk??????????

People need to wake up the Senate passed the NDAA on Dec 1, 2011. The NDAA detention provisions allows the President and military to INDEFINITELY imprison US Citizens on US Soil WITHOUT a trial. FK UR Civil rights!! Even John Stewart was talking about this last night but where the hell is the media? If the President signs this he can send the military to pick you up for being suspect of being a terrorist or working with a terrorist. Just a few items of what defines a terrorist: having more than 7 days worth of food in your house, missing fingers, owning a gun. And Yes I am being completely serious!

Hey Carrot Top, why weren't you the first poster?? LOL...Oh crap I forgot, it's a lib under fire...I was looking forward to some of your lackluster comments and rhymes....

Might want to check Obama's campaign funds for a lot of that missing money.

American Man,

Yes, great posts from Kornfed!!! Sometimes MSNBC really justs forgets the (D) LMAO...

@solutions, way up there in the comments: If you're going to insult people's "intelligents," you might want to spell INTELLIGENCE correctly. Just sayin'.

Seriously - MF Global?! The name seems oddly appropriate. I don't care if a crook is democrat or republican, they should be investigated and held accountable. For those crying about media bias over this story, think again. Jon Stewart covered this two weeks ago (the different positions taken between Politician Corzine and CEO Corzine) and I thought his head would explode. It seems highly unlikely that a CEO can claim he didn't know about the accounting practices of the brokerage firm he's in charge of running. How are funds "missing" from personal accounts? There'd better be an audit so thorough that a colonoscopy is involved.

The dog ate my homework!

I guess MSN forgot to put his party affiliation (D)....An honest mistake I'm sure.

Reading is fundamental...check the caption under the picture.

@ azdad48

" What makes you think they "gave" away 8 trillion dollars to anyone?"

Azad, it wasn't 8 trillion dollars in secret loans given out in secret by the "Fed".

According to a gov. audit last summer;

IT WAS 16.1 TRILLION DOLLARS doled out by the same treasonous scum bags who crashed the economy in 2008 !!

___________________________________________________________

The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government's first-ever audit of the central bank.

Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion...

Out of all borrowers, Citigroup received the most financial assistance from the Fed, at $2.5 trillion. Morgan Stanley came in second with $2.04 trillion, followed by Merill Lynch at $1.9 trillion and Bank of America at $1.3 trillion.

The audit also found that the Fed mostly outsourced its lending operations to the very financial institutions which sparked the crisis to begin with, and that they delegated contracts largely on a no-bid basis. The GAO report recommends new policies that would eliminate such conflicts of interest, and suggests that in the future the Fed should keep better records of their emergency decision-making process.

C D J55 #1.12- Just like all of Obama's short comings and failed policies are Bush's fault, you mean like that. It's funny how Libs have a double standard. You forgot If Obama has got a booger in his nose, it's not his it is Bush's. Waaaahh! Waaahh! Burp!"

Hey Roy, I hadn't heard about the $79 billion!

What do you suppose happened to it? Did it go into the same pile as the money repaid to the tarp fund by the bankers?

Those MF'rs!

I bet his wife knows where the money is...the car dealers...the real estate agents...the furriers...etc, etc, etc...

"A Democrat, Corzine represented New Jersey in the Senate from 2001 through 2005. He later served as the state's governor. Before entering politics, he was CEO of Goldman Sachs from 1994 to 1999."

The article clearly states he was a Democrat.

Tripe with your Kornpone??

Solutions, He has already raised 500,000 for Obama's reelection campaign ! There is a connection with the two, so give us right wing nuts a break. He was Obama's connection to Wal-street. Oh I forgot, You left wing nuts think The Demorats are all for the common folks, NOT!

Ben-3679361 "I love how this article doesn't mention one thing about his involvement with President Obama's economic strategies. Vice President Biden, on two occasions, bragged about how he and President Obama called Corzine right after election to get advice on how to run the economy. The Adminstration also discussed giving him Geitner's job. (allegedly). That seems like some pretty big news to me, but that's just my opinion."

If it was Republican politicians, it would be front page news for weeks, with media calls for investigations, but since it's all Democrats, it will be buried on page 30.

I'd wager that Corzine knows where his own MF money is.

@1.38 -- Roy, I'm quite aware of the quasi-public nature of the Fed and its unique role among banks. My point was that Shaking My Head and many others who post on newsvine seem to think that the "Fed" is a part of the federal government, and that money that flows out of the Fed -- loans, not gifts, to other banks -- is somehow a form of government spending.

Shaking, in post 1.9, ranted about how the country is broke and how Obama is giving money to foreign countries -- points I would not dispute -- but then he or she erroneously tries to link this to the 8 trillion dollars that the Fed "gave" away and wonders why "no one in Washington can even find out where it went."

This lack of understanding of how the banking system works and how money is created and destroyed every minute of every day is disturbing. I respect Shaking's right to be angry about government spending, or angry about banks being bailed out or whatever, but his or her anger about the Fed's role in regulating the money supply and interest rates is grossly misunderstood as some kind of example of our government spending money it doesn't have.

Gerald Celente is P!SSED! Pretty bad when even he is getting stung by these criminal banksters.

THROW THE BUM IN JAIL UNTIL HE REMEMBERS WHERE THAT MONEY WENT!

Something has GOT to change in this country. Steal baby formula, go to jail, and be held if you cant put up the bond money until you get your day in court.

Steal millions - even billions, and get subpoenaed to wink and nod toward a bunch of other criminals, and walk.

When people lose everything, and have nothing left to lose... THEY LOSE IT!

READ THIS!!! The 8th largest bankruptcy was Thornburg Mortgage at 36.5 billion and the 7th was Chysler at 39. billion. So the new number 8th here is not 1.2 billion.....This is a much bigger deal than they are leading you to believe in these story's and I hope you wake up and get pissed.... When this much money comes up missing it creates a bailout, this one hidden in bankruptcy..... The money is missing because it was never there to begin with.... I have said here many times, I wish I could sell you insurance unregulated... Banking reform has been a total failure and I hope some of us will personaly look into the funds paid to Obama and the senate by banks to get the new reform bill they wanted so they could conduct this crime. The money is not there because they insured Greece debt,,, but took the insurance premium and reported it as profits and spent it..... The Idea that they have to have the cash to back the debt instrument is false..... It never exists..... TILL NOW on the tax payers back,,,,, While we can not even pay a single penny of our debts to communist China.... WE should be more concerned, who is on the other end of these trades, or who is going to get this newly created money.... The unregulated markets allow the other end who purchased this insurance to not even have to hold the underlying asset they are insuring.... Welcome to the world of uninsured credit derivatives and the fall out they continue to create..... Buffet has called them weapons of mass destruction.... CALL BUSH, WE FOUND THEM FOR HIM... And this is just peanuts because the totals in EU debt insured by US banks is 7.5 trillion according to the Bank of international settlements..... Wake up, Start complaining.....That's going to be our debt.... This crap has got to stop!!! IMPEACH OBAMA for either stupidity or theft for taking bribes to turn his eyes....VOTE RON PAUL 2012

@ ROY WILSON-336103

"The taxpayers provide guarantees to the Fed, and any 'excess profits' generated by the Fed typically are transferred to the government's general fund. Those 'profits' amounted to about $79 Billion in 2010."

Dear Mr. Wilson, your naivety about our benevolent "Fed" is absolutely charming,,, but wrong.

_____________________________________________________________________

What you are about to read should absolutely astound you. During the last financial crisis, the Federal Reserve secretly conducted the biggest bailout in the history of the world, and the Fed fought in court for several years to keep it a secret.

Do you remember the TARP bailout? The American people were absolutely outraged that the federal government spent 700 billion dollars bailing out the "too big to fail" banks. Well, that bailout was pocket change compared to what the Federal Reserve did. As you will see documented below, the Federal Reserve actually handed more than 16 trillion dollars in nearly interest-free money to the "too big to fail" banks between 2007 and 2010.

So have you heard about this on the nightly news? Probably not. Lately Bloomberg has been reporting on some of this, but even they are not giving people the whole picture. The American people need to be told about this 16 trillion dollar bailout, because it is a perfect example of why the Federal Reserve needs to be shut down. The Federal Reserve has been actively picking "winners" and "losers" in the financial system, and it turns out that the "friends" of the Fed always get bailed out and always end up among the "winners". This is not how a free market system is supposed to work.

According to the limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the grand total of all the secret bailouts conducted by the Federal Reserve during the last financial crisis comes to a whopping $16.1 trillion.

That is an astonishing amount of money.

Keep in mind that the GDP of the United States for the entire year of 2010 was only 14.58 trillion dollars.

The total U.S. national debt is only a bit above 15 trillion dollars right now.

So 16 trillion dollars is an almost inconceivable amount of money.

But some other dollar figures have been thrown around lately regarding these secret Federal Reserve bailouts. Let's take a look at them and see what they mean.

$1.2 Trillion

A recent Bloomberg article made the following statement....

The $1.2 trillion peak on Dec. 5, 2008 -- the combined outstanding balance under the seven programs tallied by Bloomberg -- was almost three times the size of the U.S. federal budget deficit that year and more than the total earnings of all federally insured banks in the U.S. for the decade through 2010, according to data compiled by Bloomberg.

The $1.2 trillion figure represents the peak outstanding balance on these loans, not the total amount of all the loans. On December 5, 2008 the "too big to fail" banks owed this much money to the Federal Reserve. Many of them could not pay these short-term loans back right away and had to keep rolling them over time after time. Each time a short-term loan got rolled over that represented a new loan.

$7.7 Trillion

Bloomberg is reporting that the Federal Reserve had made a total of $7.77 trillion in financial commitments to the big banks by the end of March 2009....

Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.

But as mentioned above, a one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act covered an even broader time period and revealed even more bailout loans.

According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly from page 131of the GAO audit report....

Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639 trillion

This report was made available to all the members of Congress, but most of them have been totally silent about it. One of the only members of Congress that has said something has been U.S. Senator Bernie Sanders.

The following is an excerpt from a statement about this audit that was taken from the official website of Senator Sanders....

"As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world"

So where is everyone else?

Why aren't leading Republicans and leading Democrats crying bloody murder over this report?

This scandal should have been front page news for months when it was revealed.

But it wasn't.

And Guess what?

Not only did the Federal Reserve give 16.1 trillion dollars in nearly interest-free loans to the "too big to fail" banks, the Fed also paid them over 600 million dollars to help run the emergency lending program. According to the GAO, the Federal Reserve shelled out an astounding $659.4 million in "fees" to the very financial institutions which caused the financial crisis in the first place.

In addition, it turns out that trillions of dollars of this bailout money actually went overseas. According to the GAO audit, approximately $3.08 trillion went to foreign banks in Europe and in Asia.

So why were our dollars being used to bail out foreign banks while tens of millions of American families were deeply suffering?

That is a very good question.

Also, it is important to remember that many of these bailout loans were made at below market interest rates, and this enabled many of these financial institutions to rake in huge profits.

According to a recent Bloomberg article, the big banks brought in an estimated $13 billion by taking advantage of the Fed's below-market rates....

While the Fed's last-resort lending programs generally charge above-market interest rates to deter routine borrowing, that practice sometimes flipped during the crisis. On Oct. 20, 2008, for example, the central bank agreed to make $113.3 billion of 28-day loans through its Term Auction Facility at a rate of 1.1 percent, according to a press release at the time.

The rate was less than a third of the 3.8 percent that banks were charging each other to make one-month loans on that day. Bank of America and Wachovia Corp. each got $15 billion of the 1.1 percent TAF loans, followed by Royal Bank of Scotland's RBS Citizens NA unit with $10 billion, Fed data show.

So once the financial crisis was over, were adjustments made to the financial system to make sure that this type of thing would never happen again?

Of course not.

Today, the "too big to fail" banks are larger than ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

So now they are more "too big to fail" than ever.

But this is what happens when we allow unelected central bank bureaucrats to run our financial system.

Most Americans do not realize this, but the truth is that the Federal Reserve is not part of the government. In fact, it is about as "federal" as Federal Express is. The Federal Reserve has admitted that they are a privately owned institution in court many times, and you can see video of a Federal Reserve employee admitting that the Federal Reserve is privately ownedright here.

The Federal Reserve is an out of control monster that is throwing around trillions of dollars whenever it wants to. Nobody should be allowed to do this. Nobody should be allowed to give bailouts to banks and corporations without the express permission of the U.S. Congress and the president of the United States.

This is a point that I made in my article yesterday. The Federal Reserve decided this week that it is going to provide "liquidity support" to Europe. If the American people do not like this move, that is just too bad. We do not get a say in the matter.

Are you starting to understand why I keep pushing the idea that it is time to shut down the Federal Reserve?

Please share this information about the secret 16 trillion dollar Federal Reserve bailout with your family and your friends.

If we can get enough people to wake up, perhaps there is still time to change the direction that this country is headed.

Have the banks repaid the bail out money, or not?

Anybody catch the replay of biden's 2009 speech were he said obama and he went straight to corzine for ideas on fixing the economy because he's the smartest person they knew? Explains alot.

Launch the Forensic Accounting Team!

They'll find the money!

To the posters complaining about the lack of the (D)emocrat designation after his name: MSNBC does not specify party affiliation next to the individuals name if: a) they do not currently hold public office and b) the charges are not connected to when the individual was in public office. I've seen the same with former Republican office holders in the past.

And I'm an independent and I think they're all a bunch of crooks so it's of little concern to me what party he belongs to.

@ azdad48

",,,,,but his or her anger about the Fed's role in regulating the money supply and interest rates is grossly misunderstood as some kind of example of our government spending money it doesn't have."

______________________________________________________________

Hello again azad.

Please see above post #1.62 in regards to your apparent positive outlook on the treasonous, thieving, private banking cartel commonly know as the "Fed".

IWonder-932455 "Hey Roy, I hadn't heard about the $79 billion! What do you suppose happened to it? Did it go into the same pile as the money repaid to the tarp fund by the bankers?"

It went into the General Fund to give politicians more money to spend. The Fed routinely makes $Billions in profits that are transferred to the government each year. Also, the Fed's Board of Governors is appointed by the President and confirmed by the Senate, so it's what I would call a 'quasi governmental agency', but it is allowed to operate independently of the politicians in office at any point in time. That is to avoid political influence from the Party in power.

The one thing that I do object to with the Fed is that it's allowed to 'make its own rules' when accounting for its operations - For example, it purchased hundreds of $Billions of those bad mortgages from banks to keep them solvent, but ignored normal accounting rules that require 'Mark to Market Value', which would have required writing off much of those bad mortgages. There are probably 100s of $Billions in bad mortgages on the Fed's books that are not being reported properly.

One more thing with regards to the Fed. They are purchasing over a $Trillion of new government debt, which everyone knows is highly inflationary (I won't bore you with the formula). When the economy starts to recover, they will have to start withdrawing much of those funds to avoid massive inflation. This will lead to tighter money policies, which in turn will dampen economic growth. There has been a MASSIVE increase in money supply in recent years, which will require a MASSIVE shrinking of the money supply in the future (For every $1 in new funds created, there is a $10 increase in lending capacity, and for every $1 taken out, there is a $10 decrease in lending capacity because of 'reserve' requirements). That's why interest rates are so low right now - the massive increase in the money supply - courtesy of the Fed. They are playing a dangerous game right now to avoid a recession, but it is building a massive potential catastrophe for the future.

As a side note - The Fed doesn't really care about the potential for massive inflation in the future - in fact, they would love it, because it would allow them to repay the $15 Trillion in debt with cheaper dollars in the future (For example, $100 dollars in debt from 1970 is currently worth only about $16 because of inflation).

Get set for a wild ride.

Hartvig,

Good point. I stand corrected. I am also independent and think all of them are crooks also.

I ain't got no money.

Hey somebody had a comment up yesterday about corporal punishment and I know it dosen't sound good or look pretty on paper, but hey its not all that bad of an idea. Who would of thought someone would have the kahonies to do something like this again. So lets say we have a little corporal punishment in this country, then the courts have to decide who's hands get cut off, I believe thats the punishment for theft. I would think punishment like this would curb peoples thoughts on stealing. how come texas hasn't started this already? Trials like this can be held in texas and then people get their money back, the thieves have to get homecare and more people are working. I don't know if that guy was all that wrong wanting corporal punishment enacted in this country. I'm thinking it should work. I just hope his wife has the stomach to wipe his butt. No that wouldn't be right, thats to harsh of a punishment for stealing lots and lots of peoples money.

The U.S. Treasury and Fed. Reserve, can not account for a little over 2 trillion dollars worth of Tresuary notes issued between 2008 and 2010, Bernanke told Congress it can not be found.

it is no longer real moneys, it is electronic transfer of credit, just numbers in a computer, majority of it all is backed by payroll tax , past and future.

Kornfed said in comment #1.3, "You libs enjoy bringing up Cheney's affiliation to Halliburton, or how about them liberal favorites...the Koch brothers! Have a taste of your own bile."

You see, this is what is so disturbing about right wingers. You seem incapable of putting ANYTHING together in a way that might make some sense. You are trained to always take everything out of context and twirl it 'round and 'round until you are dizzy and THEN put it all back together again in what ever order it lands in your little brains.

Yes, Corzine WAS a Democrat Senator. BACK WHEN BUSH WAS PRESIDENT!! He also was the governor of N.J. until being replace by Christy in 2010. The only connection any one of you can make between President Obama and Corzine is the fact that they are or were, since I really don't know what party Corzine is a member of at present or even if he votes at all. And neither to any of you. So unless you can find something somewhere to tie him to President Obama you have no real reason to put them together in anyway.

As for Kornfed's comment comparing Corzine to Cheney... forgive me....I can't stop laughing....oh my goodness!!! It's amazing and so hiilarious! Kornfed, Cheney was and still is tied to his beloved Haliburton during his entire time as Vice President. And since the amount of his "pension" from Haliburton depended on the fortunes of Haliburton it was reeaalllyyy, reeaalllyyy beneficial to Cheney that Haliburton (NO BID CONTRACT barons) made OOODLES and OOODLES of money off of the two wars Cheney had President Bush push for. President Obama benefits from Corzine's company's "lost funds" in what way???? In what way did President Obama facilitate the missing funds???? Considering that President Obama has been pushing for more oversight and regulation of Wall Street, I don't see how anyone in their right mind could think he has anything to do with this mess Corzine is in!!!! It's a no brainer. Ha!

Wall Street is Washington and Washington is Wall Street. You would think that most people would have figured out that our political system has turned into a two headed one party system serving their masters Wall Street and the banksters/Federal Reserve. When you blame one party or the other they have you right where they want you, in fear, divided, and distracted to the theft that is going on right in front of your eyes each and every second of the day. We are witnessing the biggest bank and financial robbery in history and the banks and financial institutions are doing the robbing. This scenario has repeated itself over and over again through out history and what have we done about it? It seems that we allow the same thing to occur over and over again expecting different results. There is only one word for that and we are complicit in this macabre financial system.

The Tarp money was paid by the banks with interest. Obama then used the money to bail out his cronies at the UAW which we will never see again. Why is this in front of the Ag committee? Oh a lot of the money that disappeared belonged to Farmers who hedge their crop prices. Are Farmers part of the 1%? OWS doesn't care. They only farm weed and you can't hedge that.

Corzine, former chairman of Goldman Sachs, was one of Obama's main conduits to Wall Street, a donor base that has been a challenge for the president to hold in line. Corzine has been a major bundler, already reaching the $500,000-plus level as reported by the Obama campaign. He has also been active in arranging meetings between disgruntled donors and the president, including a secret meeting earlier this summer with leaders from a number of Wall Street firms.

http://www.iwatchnews.org/2011/10/31/7225/obama-bundler-jon-corzines-financial-firm-hits-skids-bankruptcy

Poor "O"....Not only has he lost his Prized Connection to Wall Street but if their is any Justice the Bankruptcy Trustee will go after Obama's Campaign Chest and return Corzines and MF Globals campaign contributions back to the Farmers it was stolen from. As to the posters wondering where the money is it ended up with the Socialists in Europe and will never be seen again because they have run out of other people's money.

And Tupac's Alive

Actually it Clearly states he was a Democrat, it is just that the Right Wing Idiots who attack over and over with unsubstatiated conjecture who cannot read that missed that:

LIVE VIDEO — The House Agriculture Committee grills Jon Corzine, the former New Jersey governor and Democratic senator, about the bankruptcy of the financial firm he previously headed, MF Global.

It is right there just under the Photo/Video

As Bush (R) said :

"Rarely is the questuion asked, is our children learning"

Obviously not in the case of the screaming Right Wingers on this site (And that does not include all Republicans, just the carping fools)

MSNBC will bury this article in a few hours. I wish to hear from all the Democrats who are on this site about wealth and greed and how it is destroying the country! Go on tell us, how it's all the Republicans fault and the TEA Party's fault and nothing ever happens over on the Democrat's side?

STILL WAITING!

For those of you who only read the first paragraph, from the story:

"A Democrat, Corzine represented New Jersey in the Senate from 2001 through 2005. He later served as the state's governor. Before entering politics, he was CEO of Goldman Sachs from 1994 to 1999."

Close the Fed #480.62

Excellent post!

What's more ominous is that the majority of those 22 banks you listed, receiving those TRILLIONS of dollars, have just been downgraded by Standard and Poor's last week.

On Tuesday S&P reported it will downgrade all 17 Eurozone nation’s ratings by at least one notch and some by two notches if fiscal, monetary and budgetary policies aren't improved.

Today, the ECB has told the incoming summit meeting in Brussels that the bank would ease collateral and provide banks with three-year loans for the first time starting later this month. However, he hinted that the bank would not embark on quantitative easing, saying that “we have a treaty that bans monetary financing.” He also threw cold water on hopes that the bank would undertake aggressive bond buying to suppressing soaring sovereign bond yields in the Eurozone.

In essence what the ECB is telling the European Union is that they will NOT embark on a massive bailout of all these toxic assets the banks are holding. Unfortunately this places the IMF as the lender of last resort for the collapsing economies in the EU. It's fair to assume the IMF, with our 22% input, will be forced to finance the bank rescues. This is simply because Europeans refuse any Draconian austerity measures.

This must and will be the downfall of the European Union. The IMF's bailout will buy them a few months to a year of reprieve but eventually the banks will begin to collapse in domino fashion. The most ominous indicator is last week’s inability of Germany to find buyers at their bond auction. When one of the strongest banks in the Eurozone can't find confidence in its monetary policy the ultimate result must be a collapse.

The corruption and monetary malfeasance of the Central Banks around the world has finally come to a tipping point. Our Fed has been hiding behind their cloak of secrecy and now the price of its malinvestments will be exposed.

If we think we're having recessionary problems now, just wait until the global banks begin their downfalls.

Buckle up my fellow American's, you ain't seen nothin' yet!

As he's being indicted for fraud he'll be heard saying: "Ohhhhhh thaaaaat money. Why didn't you say so?"

Hello Close the Fed, nice job! Thanks for your research!

consider-it

And since the amount of his "pension" from Haliburton depended on the fortunes of Haliburton it was reeaalllyyy, reeaalllyyy beneficial to Cheney that Haliburton (NO BID CONTRACT barons) made OOODLES and OOODLES of money off of the two wars Cheney had President Bush push for.

WHEW!!!! That's a lot of OOODLES!

Then I guess it's a good thing the Obama administration granted KBR (Halliburton affiliate) that $586 Million dollar no-bid contract last year.

Does this qualify as an OOODLE or OOODLES and OOODLES?

Hypocrite!

Wow its so good to have a political article up again, even though this isn't completely politically oriented but its roots are and thats good enough for me. I was so bored yesterday. There was nothing good to leave a comment on, NOTHING. Yep nothing good at all. I can't wait for a Newt article to pop up, thats the good stuff there. I like to come in here and see the hard core rights support him like they did Michelle Bachmann, lmao. It shouldn't be too long before some more voting politics gets back in the news. I love coming in here and reading the rights posts and then having people bust their chops, all you have to do is bring up Dubya and watch them squirm about this election, thats priceless. I love it. Just thinking, a year ago I was in yahoo chat and now I'm in the political blogs, beautiful, this is so much better. Movin on up.....

This is great. The CEO isn't aware of where the money went. Amnesia of the convenient kind. Interesting how often Obama seems tied up with crooks and inept CEO's of bancrupt companies. Rezco, Corzine, and the Solyndra fellow whose name currently escapes me. Obama's last speech was all about the failure of capitalism, how capitalism doesn't work, well, he should know because he is nothing but a crony capitalist, he benefits greatly from corruption (note how well he rewards his campaign supporters) and his campaign coffers are full of crony corporate money. Wonder how much he got from Corzine?

There have been some excellent posts referring to the duplicity and outright stealing of the Fed. Reserve, and watch out because they are now sending fiat money to Europe, an infinite supply. The US taxpayers are going to get screwed royally again and this time it could mean the collapse of the US. Perhaps Obama will then get to feel validated, of course he won't have as much money to fly around on and send the wife to her vacations but he'll be there for the NWO banksters when they take over, he's paving the way, so to speak.

@Unhappy, I don't understand why we all feel so compelled to blame one party or the other? The truth is all politicians are corrupt now a days and who knows how long this has been going on. The evidence is beginning to suggest its been at least as long as the Fed's been around. If we do just a little digging on our own and not depend solely on Mainstream Media's lies I think we would all see that this fight between Reps vs Dems, Right vs Left, Good vs Evil is all part of their (rich politicians) plan. How can the American people protest a corrupt Government when they are too busy fighting with each other? I would like to challenge us all to open our eyes and do a little research on our own. Forget what we've heard on the TV, don't get mad about a news articular we read on MSN until we've search for it on a few other sources....it could be just partial truths, worded in such a way that sugar coats the truth, or just an out and out lie! We all learned in Kindergarten what we need to get us and our country through this difficult time. Treat others as you wish to be treated. Don't Cheat....no one wants to play with a cheater. And don't steal! These rules should apply to EVERYONE. Yes even the wealthy!

@Close the Fed, nice analysis of the Federal Reserve's antics. The Fed has been naughty, and it will come back around to haunt us all. It's nice to see some actual facts and sources cited instead of the usual uninformed opinions and political rants.

Having said that, please allow me to rant. This guy is clearly a a loose cannon. The previous risk manager, Michael Roseman, bitched to Corzine and the Board of Directors for six months in late 2010 about the dangers of investing in junky PIGS bonds (Portugal, Italy, Ireland, Greece, Spain, etc.). For his efforts Roseman was fired earlier in 2011, but then his hand-picked replacement, Michael Stockman, also started to express concerns. According to the WSJ, Corzine threatened to quit if the company's board did not support his position.

BTW, Corzine also fired and replaced more than 1,000 of the company's 3,000 employees (that's 1/3 of the staff, you monsters), saying that the company needed to take more risks.

Blame looks pretty clear to me...

Question: How can you tell Corzine is a Democrat?

Answer: He spent and wasted Billions of Other People's Money and then blames it on his Predecessor.

American Man @ 1.69

I should add that I don't know if there might not be other cases where this would be used however, like a report on a candidate endorsement or something of that nature. I don't know how it applies to past-Presidents either.

Unhappy, good question. Its Dubya's fault. Theres your answer. You happy now?

Close the Fed " Dear Mr. Wilson, your naivety about our benevolent "Fed" is absolutely charming,,, but wrong."

For example?

As for Mr. Corzine's "I don't know where it went" claim, nobody that got as far as he did is that incompetent.

What's he's REALLY saying is, "You will have a hard time proving that I knew anything about it".

It's obvious what happened - Money was transferred from client accounts to purchase European Sovereign Debt for the benefit of MF, but nobody will admit to authorizing it, and the written authorizations have conveniently disappeared from the files.

My guess is that, as long as Eric Holder is heading up the Justice Department, the truth will be 'delayed' until after the 2012 elections, with convenient 'it's still being investigated, so we cannot comment at this time' from Holder's spokesman. The truth is already known, but it will simply not be released to avoid another 'Democrat corruption' campaign issue against Obama before the election. Remember, we're dealing with "Chicago Stye politicians", where corruption is a well practiced art.

Joe-1072601

Repeat after me 10 times to make yourself feel better - If something bad happens;

"It's Bush's fault, it's Bush's fault, it's Bush's fault......."

I just looked up Corzine's banking history, and you just HAD to know there was a "Chicago" connection - here's information from Wikipedia;

"In the early and mid 1970s, he worked for Midwestern banks (Continental-Illinois National Bank in Chicago, Illinois.......) during and after his master of business administration (MBA) studies at the University of Chicago Booth School of Business....."

Corruption in Chicago is a 'finely tuned art' - just ask Blagojevich. No wonder Obama turned to him for financial advice when he was first elected, and considered him as a replacement for Geithner as Treasury Secretary.

Corzine resigned as chairman and CEO of MF Global on Nov. 4. Before serving in the Senate, he was CEO of Goldman Sachs from 1994 to 1999.

The REAL story here is the Revolving Door problem, the greed and corruption in Corporate America and Wall Street, CEOs who destroy companies but have golden parachutes, and the plutocracy we are becoming of Rule by the Rich. So to all you conservatives having yet another hissy fit about anything in relation to the Obama administration, either join the Occupy movement or STFU.

ROY WILSON,

RE: your posts #'s 1.90, 1.91 and 1.92

Yes, something is terribly wrong, not only at MF Global, but also with your reasoning and wild accusatins. Have you got any FACTS you want to share with the FBI, FINRA, SEC, CBOT, etc. I am sure they would all like to hear from a man of your stature and authority on financial fraud. Speculation is only BS till it is PROVEN! Can you agree with the statement: "Innocent till proven guilty". If not you, sir, are extremely UNAMERICAN! On the other hand, if BS makes you feel better, rant on!

In reply to FreedomRingsLoud.

President Obama has not benefitted personally by the no bid contract you mention. Obama has no business ties to Haliburton. He doesn't recieve quarterly checks from Haliburton like Cheney. Cheney DID benefit personally from ALL of the no bid government contracts awarded to Haliburton and it's subsidiaries over the years. His pension plan was not like the average person's pension plan. You see, he received shares of the profits of the huge corporation. Whenever Haliburton made those oodles and oodles of dollars over there in the Bush/Cheney wars, so did he! President Obama must actually be on Cheney's great long @!$%# list for having ended the war in Iraq. Haliburton may still be over there raking in the dough but the gravy train should be slowing down a bit now.

Also, you should know, since you are so well informed, that the no bid contracts have been a way of doing business in Washington for a long, long time. President Obama has spoken out against this practice as a way of cutting back on government waste. And WASTE IT IS! He wants to change this standard way of doing business. It's just very, very hard for him to get that done with the Republicans refusing to cooperate on ANYTHING AT ALL since they are so BUSY TRYING TO MAKE HIM A ONE TERM PRESIDENT!

scrambolo "ROY WILSON, "Innocent until proven guilty".

I guess that means you will no longer make partisan comments on any issues until after a jury has made a decision. I look forward to your 'silence' in the future, but in the meantime, I'll exercise my 'free speech' rights to express my opinions, as you have frequently done in the past.

ROY WILSON,

I do not judge a person who is accused of a CRIME before they have a trial, like some people we both know Roy, know what I mean? And to add insult to your post, Corzine has not even been accused of a crime at this time. The authorities only know that hundreds of millions of dollars are missing. Again, I say you are Unamerican if you assume guilt before proof, not to speak of the ignorance of that assumption! As for political statements or posturing that is as American as apple pie. I try to make mine based on stated facts and reason. You seem to make yours based on assumptions and innuendos! Capice?

Mark-101,

RE: your post #1.29

Mark, I am not defending any CONVICTED crook, for any reason! However, I am defending the 2000 year old principle of "Innocent until PROVEN guilty". In the United States, beyond a reasonable doubt. Perhaps you don't agree with this principle which is widely held and upheld, by our courts, and is widly believed to be incorporated in the fifth, sixth, and fourteenth amendments as outlined in the United States Constitution. That is the extent of my other posts! I would bet that if you gave this principle more than a few seconds thought, you would also agree, hopefully! Please check-out the below citation, it may convince you that this principle is a "good thing"! Have a GREAT day!

http://en.wikipedia.org/wiki/Presumption_of_innocence

consider-it

His pension plan was not like the average person's pension plan. You see, he received shares of the profits of the huge corporation.

Hmmm, so when I have my dividends from Halliburton, Schlumberger, and Baker Hughes, all of which I have been invested in for over 20 years, reinvested as shares in my DRIP program am I as complacent as Cheney? Yes. It's legal.

Just what pension plan did Cheney belong to that offered him preferential shares of an invested equity? I've never heard of that.

President Obama has spoken out against this practice as a way of cutting back on government waste. And WASTE IT IS! He wants to change this standard way of doing business.

Hmmmm, really? Perhaps speaking out and acting out are two different things.

Lemme show you.

Over the last year, the Obama administration has aggressively pushed a $433-million plan to buy an experimental smallpox drug, despite uncertainty over whether it is needed or will work.

Senior officials have taken unusual steps to secure the contract for New York-based Siga Technologies Inc., whose controlling shareholder is billionaire Ronald O. Perelman, one of the world's richest men and a longtime Democratic Party donor.

When Siga complained that contracting specialists at the Department of Health and Human Services were resisting the company's financial demands, senior officials replaced the government's lead negotiator for the deal, interviews and documents show.

When Siga was in danger of losing its grip on the contract a year ago, the officials blocked other firms from competing.

Siga was awarded the final contract in May through a "sole-source" procurement in which it was the only company asked to submit a proposal. The contract calls for Siga to deliver 1.7 million doses of the drug for the nation's biodefense stockpile. The price of approximately $255 per dose is well above what the government's specialists had earlier said was reasonable, according to internal documents and interviews.

latimes.com/news/nationworld/nation/la-na-smallpox-20111113,0,4293298.story

Oops!

Sounds a lot like no-bid crony capitalism to me. No?

Hypocrites!

When will you Libbies realize that our government is corrupt. You can sit here and espouse your bleeding-heart Liberal morality and your 99% nonsense all you want. This has been happening for decades. To think your boy-toy is somehow above this corruption is not only hypocritical, it's ignorant.

Roy Wilson; Roy, close the fed is correct; of the 16 trillion lent out by the fed. reserve, almost all was to cover the hedge fund bets on the buy back agreements; one of the problem now with the European banks is, there is no more money to loan out, of the 16 trillion loaned over 8 trillion is now due and payable, however no one has 8 trillion dollars laying around to pay it back; of the 8 trillion taken in collateral, the collateral is listed at face value, when in fact it is barely worth 50 cts. on the dollar

Congress canceled the meeting of the Committee on the over-site of Treasury when they found out that the Fed is out 12 trillion that can never be paid back, the media was told to bury the story, it would have never come out had it not been for senator sanders, who has stated that this fiasco could collapse the worlds banking system and put us in a depression that would make the 1930's look like a boom era.

FreedomRingsLoud,

You seem, by your post, to be a person who would imprison a person because you didn't like the color of their eyes, or hat they wore, or.....! You fly in the face of presumed innocent until proven guilty. I used to wonder how I did well in this world. It's because much of the competition came from people like YOU!

Close the Fed, your nuts dude. The FED printed that money, they didn't "loan" it. Most of you should know but don't, that TARP was fully repaid already. Many banks were forced to borrow money they didn't want nor need. But I agree that some banks are still to big. After 3 years you'd think they'd have it together, but that's government for you. If it's being done in Washington DC count on it being "not truthful or efficient".

The real scam being forced down American's throats is that GM has paid back it's bailout, a COMPLETE lie. The only way that WE the American taxpayer will ever make that money back is if the GM stock price gets to $62 a share, where is it now? Last time I looked it was at $28 a share. So when your leaders tell you "how successful the auto bailout was" look for their nose growing rather quickly. Never, ever, underestimate the stupidity of the American public.

Scrambolo “ROY WILSON, I do not judge a person who is accused of a CRIME before they have a trial, like some people we both know Roy, know what I mean?”

Oh really. Here is one of your recent posts “Any person who thinks that this vote-blocking, on this particular issue, is good for them had better be part of the 1%ers! If not you are very vunerable to the whims of deceitful business practices, which are many indeed! These crooks don't care if you are left, right, or middle. “

So which 'convicted crooks' are you referring to? I have yet to see Holder even charge any of the 'Banksters' with any crimes from the Wall Street greed, even though he's had almost 3 years to come up with something - anything. Could that be because Obama got far more in campaign contributions from Wall Street than McCain did?

missing money??

ka-ching$

here:http://www.washingtonpost.com/wp-dyn/content/article/2009/01/16/AR2009011602602.html?hpid=topnews

'Bailed out Firms Have Offshore Tax Havens, GAO Report finds'

try this story to start with. Got many more like it.

TruePatriot-445959

The REAL story here is the Revolving Door problem, the greed and corruption in Corporate America and Wall Street, CEOs who destroy companies but have golden parachutes, and the plutocracy we are becoming of Rule by the Rich. So to all you conservatives having yet another hissy fit about anything in relation to the Obama administration, either join the Occupy movement or STFU.

OK, I'll bite.

Just what is the "Occupy" solution to this? What have they proposed as a stop-gap to the "Revolving Door" problem? How do they suggest we stop the Golden Parachutes?

With MORE corrupt government? Wage controls?

Who will be the arbiter of salaries, benefits, bonuses and Golden parachutes? Who is that benevolent human being that is endowed with the perfect balance of "FAIRNESS"?

Do we need a "Fairness Czar"? Or a "Level Playing Field Czar"? Or an "Equality Czar? Maybe all three?

Who will we put in the CEO positions that will accept such strict control on their, and major Forbe's 2000, corporations? Jon Corzine? Bernie Madoff? Chris Gronet? How do we get rid of all the fat-cat, mean, nasty current CEO's? Do we just fire them like we did with GM's Rick Wagoner? Do we just ignore their Constitutionally protected contracts like we did with the GM shareholders? How do we replace all the Board of Directors that are the primary problem?

Where does "Occupy" have all these answers for us?

Good luck.

bush's imperial presidency needs some investigating"\:http://rawstory.com/news/2008/Conyers_releases_massive_report_on_Imperial_0113.html

here's the pdf report:http://judiciary.house.gov/hearings/printers/110th/IPres090113.pdf

for above..

oops ;)

scrambolo

You seem, by your post, to be a person who would imprison a person because you didn't like the color of their eyes, or hat they wore, or.....!

On the contrary. Unfortunately the status quo in Washington will just result in the “same ole same ole”.

Who has been implicated/imprisoned for the collapse of the housing/liquidity bubble? No one.

Who has been implicated/imprisoned for the Gulf spill disaster? No one.

Who has been implicated/imprisoned for the Solyndra scandal? No one.

I’ve been in and around politics for over 30 years. This is called the old “Potomac two-step”. Everyone has skeletons in their closet in Washington. To dismiss this is imbecilic. No one in our government, despite its massive layers of bureaucracy and regulatory directorates, has even been mentioned in these recent disasters. How can that be?

In 1994 Brooksley Born recommended/demanded there be oversight of the housing derivatives industry. She was not only dismissed she was embarrassed by Alan Greenspan, Robert Rubin and Larry Summers. Her legislation was never even proposed. In 2003 OFHEO (Office of Federal Housing Enterprise Oversight) recommended further regulations of Fannie/Freddie and was summarily dismissed. Not to mention the fact that the SEC was too busy watching porn on government computers and time to be bothered with any oversight.

The Mineral Management Services were responsible for oversight of the Deepwater Horizon rig. Even after evidence of negligence all that happened was Elizabeth Birnbaum, the Director of MMS, resigned and they changed the name from MMS to BOEMRE (Bureau of Ocean Energy Management). Oh, let’s not forget the gifts that staff received and the fact they were preoccupied watching porn also.

Solyndra will be just another example of the massive waste, fraud and abuse in our government.

I don’t know any of these peoples eye color or what kind of hat they wear, or even if they DO wear a hat. But I can guarantee you this, there was massive corruption and negligence on our governments part in all these and all other scandals.

Unfortunately the Beltway will never allow us the satisfaction of knowing what it was.

Care to dance?

ROY WILSON,

RE: your post #1.103

Well Roy, you got me good boy! Yes I did refer to politicians, IN GENERAL, as crooks. However, you know, if you have half a brain, that this is a common colloquialism used by most people distrustful of our political leaders, especially the U.S. Congress. You know very well, or should, that in the context used in posts on this thread I am referring to posters referring to Jon Corzine as guilty of the crime of theft from MF Global. If you do not then there is no talking to you. One last try. the below article comes from reliable sources on Wall Street and may be of interest to you as it has a possible LEGAL explanation of where the $1.2 Billion missing from MFG went. I know facts don't interest you but at least it is interesting reading. Good luck!

http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/

FreedomRingsLoud,

RE: your post #1.109

I agree with most everything in your post #1.109. I take exception to your post #1.35! I also stand by my post #1.15. Below is an article I received, late this afternoon, from a colleague on Wall Street. I am not claiming that it is "gospel", however, it does offer a POSSIBLE legal way the $1.2 billion disappeared. Let's face facts! So far the FBI, a gaggle of CPA's, CBOT, FINRA, and the SEC have not discovered where the funds are or where they went. As a matter of fact they have not discovered the truth--YET! They will and then we can all talk facts instead of speculation! Have a GREAT day!

http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/

scrambolo

Regardless.

My theory is that the brokers turned this fund into a Ponzi scheme. Their high risk investments in the derivatives market were tanking and they illegally transferred funds from private accounts to prop up the accounts of the failing bonds in the EU.

They used repo's to leverage their off-balance sheet accounts and the bonds collapse devalued their accounts to the tune of $1.2 Billion Dollars, or more.

Reply to FreedomRingsLoud,

I'm sorry. I assumed everyone knew about it. Dick Cheney was the Defense Secretary under Bush Sr. in 1991 when we paid Halliburton $8.5 Mil. for a study on how private companies like itself could provide U.S. troops with logistical support in potential war zones across the world. In 1995 Cheney became their CEO. He had no previous business experience, so it didn't make sense they would actually let him run the company! In 2000 Cheney retired from Halliburton to run for the office of Vice President of the U.S. Shortly after he and Bush take office we are thrust into a sort of war with Afghanistan and then for no apparent reason as it turns out, we are at war in Iraq. Halliburton is awarded billions of dollars in no bid contracts! Cheney's pension from Halliburton is based on shares in their stock. There is way too much more to this than I can tell you right now. I hope you will do a bit of research on your own. It's quite sickening. Soldiers died to make billions more for this company and it's rats.

"The good Lord didn't see fit to put oil and gas only where there are democratic regimes friendly to the United States" - Richard Cheney

consider-it

Well, all I can tell you is I'm very aware of Halliburton and KBR's history.

A simple question I ask everyone is, what other corporation had the capability and capacity to provide the services the military needed in Iraq? Not that this admonishes some of the corruption involved but I can guarantee you there was no other corporation that could provide the services needed. Its oil-field services merger with KBR's international construction company in 1998 made it the prime company to use in Iraq and Afghanistan.

The bigger concern I have is the continuing waste, fraud and abuse we have in our government that keeps escalating. Donald Berwicks report last week of 20-30% waste,fraud and abuse in Medicare and Medicaid has been going on for decdes. This currently accounts for $125-$250 Billion dollars in WFA, every year. Since its inception we have had countless TRILLIONS of dollars of waste in this one segment of our government. Where is the outrage for this?

Is it because it's an entitlement and that is somehow allowable? Or is the Halliburton/KBR issue a partisan rage? What most of you don't realize is that we waste a significant amount of the money we are required to pay our government in taxes yet no one seems outraged about this. This is either hypocritical or stupid.

I tend to lean to the latter.

If our President had any Honor, any Decency, he would return the campaign contributions that Corazine bundled for him. He's a top level bundler for Obama, which means more than 500,000.00. How much more? Nobody knows. At the very least he should order a review of the donated money to assure it came from the donors it is supposed to have come from. Anyone who either doesn't know or won't tell where over a BILLION dollars went is either incompetent or dishonest. Either way the campaign contributions should be looked into.

Spare me the "Bush did this" or the "Republicans did this" crap.

Two wrongs DON'T make a right!!!!! Listen to what your mother tried to teach you.

I swear the people trying to support this President appear to have no other defense for him.

Obama won't return the money because he is not an honorable man.

Interestingly enough, this thread keeps getting edited. I can watch the post numers change. For instance, my post was 1.115, as I write this it is 684.115. If you still have a hard time believing in the liberal media bias at MSN, did you know we are being diluted? Watered down, spread out. The "most popular" threads have less posts than this thread. Also, this article does NOT show up anymore on the site, nor does it appear in the search results. Try it and see!

Instead, a search reveals NINE seperate stories with the same or similiar titles, all from today. See that way all the posters on the thread get "spread out". Don't believe me? Here are the links:

http://www.msnbc.msn.com/id/45596091/

http://www.msnbc.msn.com/id/45596170/

http://www.msnbc.msn.com/id/45597848/

http://www.msnbc.msn.com/id/45595694/

http://www.msnbc.msn.com/id/45601081/

http://www.msnbc.msn.com/id/45594603/

http://www.msnbc.msn.com/id/45604324/

http://www.msnbc.msn.com/id/45596595/

http://www.msnbc.msn.com/id/45606355/

Funny numbers, post changing, and nine seperate articles with nine seperate comments sections, as well as this particular version of the story not appearing in the search engine and disappearing off the site. Mmmmmmmmmm.....

MSN, I think I hear your Corporate Masters calling you! Sit! Speak!

Good Boy.

scrambolo "ROY WILSON, RE: your post #1.103 Well Roy, you got me good boy! Yes I did refer to politicians, IN GENERAL, as crooks."

And I was only referring to people names Corzine, IN GENERAL.

lol

consider-it

Consider this:

Cheney and his wife not only severed ties with Halliburton, they signed a Gift Trust agreement in 2001 that directed that all stock options in 7 companies (including Halliburton) that he and his wife owned stock in be given to three specified charities. Compensation that he received from Halliburton while he was in office was DEFERRED compensation that he did not take earlier - he resigned as CEO BEFORE even the campaign.

Instead of believing the liberal lies like this that make the rounds - do some homework. You can find the above information at factcheck.org.

This is the time line of MF GLOBAL which is a spin off of the Man Group (England).

On November 12, 1999, President Bill Clinton signed into law the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act of 1933.

ED&F Man listed on the London Stock Exchange in 1994, changing its name to Man Group in 2000. Its agricultural business, which retained the ED&F Man name, was sold to management the same year.

In 2000, the commodity trading companies went private^[8] with the result that Man became exclusively a financial services company.

2005 saw Man Financial make its largest deal with the transformative $323 million acquisition of client assets and accounts from entities of Refco, following the U.S. financial-services group's collapse in late 2005. The Refco deal followed a hotly-contested auction with Cerberus Capital, the private equity group, and boosted Man Financial's scale in retail and institutional business.^[13]

The demerger and flotation of its brokerage business renamed as MF Global on the New York stock exchange in June 2007^[9] moved the company into its present form, as an investment management business, within the alternative (sometimes called “non-traditional”) fund management industry, principally hedge funds.

In December 2008, Man Group revealed it had invested $360 million in Bernard Madoff's ponzi schemes on behalf of their clients through Man Group's RMF fund of funds.^[14]

On February 28, 2008, MF Global announced a bad debt provision^[15] in the amount of $141.5 million. The provision was the result of unauthorised trading by a representative in a MF Global branch office, who on February 27, 2008, while trading in the wheat futures market in his personal account, substantially exceeded his authorized trading limit.

MF Global was fined $10,000,000 by the CFTC over the incident and an unrelated Natural gas incident from 2003.^[17][18] The CME Group also fined MF Global $495,000 over the wheat incident

On March 17, 2008, shares of MF Global plummeted on liquidity fears.^[20] The CME,^[21] ICE,^[22] Nymex^[23] and CFTC^[24] issued statements confirming MF Global was in compliance with regulatory and financial requirements.

Kevin Davis the former chief executive of MF Global Holdings Ltd.(1998-2008), resigned in 2008 after the firm lost more than 90% of its market value. Mr Davis worked for MF Global 17 years in various capacities. Kevin Davis, who led MF Global for a decade (1998-2008), was made head of commodities in the comptroller's Bureau of Asset Management, which helps advise the city's (NYC) five public pension funds on their combined $120 billion in assets. It is his first job since stepping down from the brokerage firm.

Mr. Davis holds a degree in government but I can't find a degree in finance.

In October 2008, former Chicago Board of Trade CEO Bernard W. Dan^[25] became the CEO of MF Global, stating that he would improve MF Global's risk management. In November 2009, MF Global moved its corporate headquarters from Bermuda to the United States Dan received a bachelor of science degree in Accounting from St. John’s University. Before joining the CBOT, Dan was president and CEO of Cargill Investor Services, Inc.^[19][20](CIS), a wholly owned subsidiary of Cargill, Inc., the U.S. agribusiness group. In 1986, he was assigned to Cargill Investor Services.

In March 2010, Jon Corzine, who had ended his term as governor of New Jersey , became the CEO, replacing Dan.

Jon Stevens Corzine (born January 1, 1947) is the former CEO of Goldman Sachs^[2] and of MF Global, and a former American politician, who served as the 54th Governor of New Jersey from 2006 to 2010. In 1970 he enrolled in the University of Chicago Booth School of Business, from which he received a Master of Business Administration degree in 1973.^[10][11] After his departure from Goldman Sachs, he earned what has been estimated to be US $400 million during the 1999 initial public offering of the company.^[6]

On 17 May 2010, the company (Man Group) announced the acquisition of the New York listed hedge fund GLG partners for $1.6 billion.^[11] GLG’s top executives, Noam Gottesman, Emmanuel Roman and Pierre Lagrange all received shares for their stakes in GLG, subject to a three year lock-in. Roman was subsequently named as chief operating officer of the combined entity.

As of 30 September 2010 the Man Group had $63 billion of Assets Under Management.^[12]

On Tuesday 22 March 2011 – Man Group announced it was selling its stake in Bluecrest Group making a £250million profit.^[13]

On October 25, 2011 MF Global reported a $191.6 million quarterly loss as a result of trading on European government bonds

On October 30, 2011, a unit of the New York-based brokerage reported a “material shortfall” in customer funds. Customer accounts with $5.45 billion were frozen Oct. 31, the same day the parent company - MF Global Inc. - filed the eighth-largest U.S. bankruptcy. The shortfall in customer accounts may be as large as $1.2 billion, or 22%, according to the trustee overseeing liquidation. ^[2][3] MF Global improperly mixed customer funds and used them for its own account for at least several days before the bankruptcy and even transferred funds outside the country. ^[4]

The brokerage used a large number of complex and controversial repurchase agreements or "repos" for funding and for leveraging profit, many off their balance sheet.^[5][6]. Some of these complex repos have been described as a wrong-way $6.3 billion trade MF Global made on its own behalf on bonds of some of Europe’s most indebted nations.

On Monday October 31, 2011, MF Global filed for Chapter 11 bankruptcy. The Wall Street Journal reported that MF Global would seek Chapter 11 bankruptcy protection after investing $6 billion in sovereign bonds issued by European countries

In papers filed in U.S. Bankruptcy Court in Manhattan, MF Global listed debt of $39.7 billion and assets of $41 billion. U.S. regulators have subpoenaed MF Global’s auditor, PricewaterhouseCoopers LLP, for information on the segregation of assets belonging to clients trading on U.S. commodity exchanges .

Days after being named to head the investigation for Penn State trustees of the Penn State sex abuse scandal, former FBI director Louis J. Freeh was named trustee for the MF bankruptcy case. He was appointed by U.S. Trustee Tracy Hope Davis working under the authority of U.S. Bankruptcy Court Judge Martin Glenn

Don't know where the missing money is????

Check the pockets of MFGlobal managers and executives.

ROY WILSON,

RE: your post #1.117

Yea, whatever!

I believe MF Global was set up to do exactly what it did...fail...while certain people made money hand over fist. We need to find the people who benefited. I was amazed that a company with assests in the BILLIONS was ran by first of all Kevin Davis. Kevin Davis has a Bachelors Degree in Government! Mr Davis's credentials are:

.Prior to joining Man Group, Mr. Davis held management positions with several derivatives brokerage businesses, including Balfour Maclaine, Prebon Yamane and E-Bailey Commodities. He began his career in 1982 as a runner on the Chicago Board of Trade and a desk broker in general commodity futures. Mr. Davis is the chairman of the United States Futures Exchange, a director of LCH.Clearnet Group Limited and a member of the CFTC Global Markets Advisory Committee. He studied at the University of Kent at Canterbury, England, where he graduated with a B.A. in Politics and Government.

After his (Davis) disastorous term Bernard Dans takes the helm with only a Bachelors Degree in accounting. Now remember these CEO's are handling BILLIONS of dollars....with bachelor degrees?

In March 2010 after just 17 months as CEO of MF Global Bernard Dans surprised everyone by his sudden departure. Prior to that, Dan served as CEO of the Chicago Board of Trade

Jon Corzine with a Master Degree of Business became MF Global CEO in March 2010. Jon Stevens Corzine (born January 1, 1947) is the former CEO of Goldman Sachs. He proceeded former employees Robert Rubin and Henry Paulson as Goldman Sachs CEOs. Rubin and Paulson went on to serve as United States Secretary of the Treasury under Presidents Bill Clinton and George W. Bush.

The more I research all of this the more I see the same banks coming up. The same names...Bush, Clinton(s) coming up and the ties to England. This is some sick, diabolical manipulation. I won't even pretend to be smart enough to understand it. It's layered and layered. But the Federal Reserve and OUR government seem to keep bringing these shysters in.

THIS JUST IN:

By BEN PROTESS and AZAM AHMED

About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The discovery could be the most significant breakthrough in a monthlong hunt for the missing funds.

The big boys are getting scared. This is just a humble offering of what they owe us and they'd better dig a whole lot deeper.

rico,

RE: your post #1.122

I definitely admire your respect for education in general and particularly in advanced degrees from universities. However, there have been numerous very brilliant professionals in all fields who do not possess a bachelors degree or even high school education. A couple of contemporary examples are Bill Gates, 2 years at Harvard then dropping out. and Mark Zuckerberg, who also dropped out of Harvard before receiving his bachelors degree. Then there are very brilliant and successful historical figures, such as, Abe Lincoln, Andrew Jackson, John D. Rockefeller, Sr., Henry Ford. Now as to the credentials of Kevin Davis, I assume, perhaps wrongly, that after 20+ years of experience, in the financial industry, he may have been qualified to head MF Global, but perhaps not. You may be surprised to know that the most brilliant and capable, in their respective fields, often fail to achieve high executive positions in today's corporations. It is rather that they are collectively recognized by their peers as "worthy" of leadership for a vast array of qualities, least of which may be their personalities and, to a greater extent, organizational skills but NOT their skills in the profession. Lastly, it is plausable (a long shot) that the following word may explain where this money went. That word is Hypothecatian or more commonly refered to as 'Repos'. And especially repos in the United Kingdom. Below is an article which may explain this wrethched mess at MSG. I am not saying it is fact, but it is plausable and a good read. Have a GREAAT weekend!

http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/

Scrambolo while you consider it a good read to me it's almost equal to poking my eye out with a fork. My understanding of Bill Gates is that he "borrowed" his operating system from Kildal and in the end it wasn't what you know but who you know. Making Bill Gates not a stellar example of pure entrepreneurship. As for Zuckerberg, who knows, maybe there isn't an inside story to him. I would like to believe there isn't.

Bringing us back to the present situation. I see a direct correlation between Clinton repealing Glass Steagall and all the fancy foot work since of playing fast and loose with other peoples money. AND all the while the main players are making money hand over fist. I would like for the the past Presidents and the other main players (the 20 founding families related to the Federal Reserve) to get on the stand and swear under oath about how much money they have lost or made in our financial melt down. It'll NEVER happen but I would like to know.

I understand that people can gain an education through their work experience. But really it's almost like the janitor(who may have a bachelors degree) of a school becoming the principal. I believe people were set in place so others could run it without answering any real hard questions. They know just enough but not too much. So Corzine may be correct in saying he didn't know what was going on. BUT he certainly could name names on who did know. And that will never happen either. He's going to be the sacrificial lamb.

I don't have millions of dollars in the market. What I have is an interest on what and why things are happening as they are. Here...this is an interesting and sad comment on how people ..young people who are our future view the U.S.

A recent CNBC article contained the following amazing statistics….

*According to the U.S. State Department, 6.3 million Americans are either working or studying overseas. That is the highest number that has ever been recorded.

*According to one recent survey, “the percentage of Americans aged 25 to 34 actively planning to relocate outside the U.S. has quintupled in just two years, from less than 1 percent to 5.1 percent.”

*That same survey found that 40 percent of all Americans in the 18 to 24 age group are expressing interest in relocation outside of the United States. Two years ago that figure was only at 15 percent.

So why are so many Americans looking to relocate?

Well, our economy continues to get worse and worse. If you have not heard yet, it has been announced that an all-time record 46 million Americans are now on food stamps.

How much worse can it get?

We just keep setting new record after new record. Shouldn’t the government just put us all on food stamps and get it over with?

A lot of Americans want to escape this country before they get sucked into the vortex of poverty that has trapped so many other American families. 2.6 million more Americans fell into poverty last year. In addition, according to the U.S. Census Bureau the percentage of Americans living in extreme poverty today is higher than has ever been measured before.

As poverty and despair spread across the United States, the fabric of our society is breaking down. As I have written about so many times, the thin veneer of civilization that we all take for granted is starting to disappear.

And you know what...if I were young and just starting out...I'd be one of them. Here's another article I found:

The Federal Reserve is not federal , but is a consortium of private central banks. The federal government does not own a single share, and none of us can buy a share of this--the most lucrative corporate stock in the world. Shares are held today by the heirs of the original 20 founding families.With profits exceeding 150 billion per annum, no corporation in the world comes anywhere close. The Federal Reserve is simply the single most impactful agency upon the U.S. economy and the world's principle engine for the mal-distribution of wealth. If the profits of the Federal Reserve are compounded from its inception to the present, a sum roughly equivalent to the national debt results. Back then, Wall Street interests "fought" this bill while all along they were its authors. Sadly I note that these same tactics are successfully used to this day.

So anyways Scrambolo thanks for being thoughful in your answer to me. And I may be really, really wrong...I hope so but I don't think I am.

rico,

RE: your post #1.124

Rico, I don't believe you want to communicate, you want to argue. Go argue with someone who has the same intent. Why do I feel that way?

1.) I did not say or insiuate that Bill Gates, is a fortress of virtue. I used him because he is rich and powerful and did not have any degree, let alone an advanced degree.

2.) The Glass-Steagal act was signed by Clinton. However, the act to repeal was introduced by Phil Gramm(R-Texas) and Jim Leach (R-Iowa) in 1999. The final vote was veto proof. Senate Vote: 90-8 (one not voting) and House vote of: 362-57

Wow...that turned ugly fast. I wasn't the least bit confrontational in my post...just telling you what I thought and felt. Odd how Republicans can't deal with that.

1. Degree/no degree he stole his system. That kind of flim flam seems to be okay in the Republican world of the one who has the most toys win. Kinda like the example of this flim flam banking we are talking about. I can go out and steal the most ostentatious car made does that make me wealthy? I will give kudos to Gate's in that he has donated a considerable amount of his wealth. Unfortunately most of it seems to go overseas.

2. The Glass-Steagal Act was NOT signed by Clinton. The GSA was brought about in 1933. Gramm, Republican, Texas; Leach, Republican, Iowa and Bliley, Republican, Virginia brought about the demise of the GSA with Gramm being the leader and Clinton signed THAT in 1999.

Once again here's the world the REPUBLICANTS are bringing about:

A recent CNBC article contained the following amazing statistics….

*According to the U.S. State Department, 6.3 million Americans are either working or studying overseas. That is the highest number that has ever been recorded.

*According to one recent survey, “the percentage of Americans aged 25 to 34 actively planning to relocate outside the U.S. has quintupled in just two years, from less than 1 percent to 5.1 percent.”

*That same survey found that 40 percent of all Americans in the 18 to 24 age group are expressing interest in relocation outside of the United States. Two years ago that figure was only at 15 percent.

So why are so many Americans looking to relocate?

Well, our economy continues to get worse and worse. If you have not heard yet, it has been announced that an all-time record 46 million Americans are now on food stamps.

How much worse can it get?

We just keep setting new record after new record. Shouldn’t the government just put us all on food stamps and get it over with?

A lot of Americans want to escape this country before they get sucked into the vortex of poverty that has trapped so many other American families. 2.6 million more Americans fell into poverty last year. In addition, according to the U.S. Census Bureau the percentage of Americans living in extreme poverty today is higher than has ever been measured before.

As poverty and despair spread across the United States, the fabric of our society is breaking down. As I have written about so many times, the thin veneer of civilization that we all take for granted is starting to disappear.

FEEL PROUD? MERRY CHRISTMAS!

Hey Jon, what I do know is where the federal prison is big boy.

Being that I live in NJ and had enough of this criminal when he was running the state. His money kept him out of jail then. I usually don't wish ill on anyone but how I wish his accident on the turnpike or parkway turned out differently

I hear you fishman, but its not nice to wish ill on someone. Thats why they need to bring corporal punishment back. I would think stealing up to $500 would be one finger, then every $500 denomination after is another finger, so whoever took all this money would need his wife to wipe for them. Ok, I do have a question if corporal punishment was enacted, purse snatchers, thats a guarenteed finger there but since they use their legs to run, does that mean they also lose a foot?

Hmm they just take peoples money now and its almost like its a common news article anymore, like its expected now. Whats happening in the world today. Buy your guns and ammo, its starting to look like we're going to need them more and more all the time now.

To MSNBC:

THE TRUTH might be nice to hear he is a DEMOCRAT.

"To MSNBC:

THE TRUTH might be nice to hear he is a DEMOCRAT."

And it's in the article, should you care to read it before commenting.

Corzine: "I don't know where the missing M(other) F(*g) money is."

I'd probably feel the same way if I were in his position.

Corzine is depending on getting Obama re-elected in 2012, as his only hope of going unpunished. He did raise $500,000 in campaign money for Obama. Must be Bush's fault.

I know what "MF" used to stand for and it wasn't MF Global!

"I don't know where the money is" seems to be the theme of American government these days and 'let's spend, spend, spend....'

Yeah Donna, no telling where the money went? If its him and he dosen't know where it went, then its because he got so drunk he can't remember. Well maybe not just drunk, who knows what all those people do to have to forget where the money went? From what I can remember from my heydays, it usually started out with beer with maybe a couple of joints to enhance the beer and after a few good hours of this then a little cocaine came into play and then the cocktails ended up being burbon and then at least two more bouts with some cocaine and more burbon along with at least one more joint and then the next day I couldn't remember anything. I would think this still works today. I don't know, who knows.

@Dasvet,

Corzine is depending on getting Obama re-elected in 2012, as his only hope of going unpunished. He did raise $500,000 in campaign money for Obama. Must be Bush's fault.

And you know this how? Just because you imagined it doesn't make it so. Show us anything that would make you think so. Did Rush tell you? How about Beck. Those two are so honest. All this teeth gnashing by the GOP/tp clowns and all sorts of numbers thrown around but no way to reference their numbers. Must have pulled them out of their butts. Which wouldn't surprise me in the least. Why should we think that he is anything more then a minor player that you're trying to make into a big deal. Oh, I forgot, you would never, ever do that.

Try as you might you'll never make the GOP/tp into more then a failure.

Joe-1072601 "Yeah Donna, no telling where the money went?"

It's not hard to figure out. Corzine has always been a gambler, so when his 'investment' in European 'Sovereign debt went bad and he was about to lose everything, he 'doubled down' by 'borrowing' money from other people's 'trust funds', hoping to recoup his losses. It didn't work.

I'm sure the records will show money going out of his clients' accounts into MF Global accounts, and then it was used to buy more European Debt. The accounting will show this pretty clearly. What will be 'missing' from the accounting will be the paperwork 'authorizing' the transfer of funds from client accounts. The paperwork showing who authorized the transfer of client funds (I wonder who) will be mysteriously missing.

Who held a high-priced fundraiser (over $2 million) for Obama at his home 27 April 2011? (hint - Corzine)

Who said the following:

“I’m among a lot of friends and I, first of all, obviously want to thank Jon and Sharon for hosting us in this extraordinary venue. These guys have been just great friends from the start. Some of you know that Jon was a big supporter of mine in my first U.S. Senate race when nobody could pronounce my name."

“The rollout also provided a showcase for Corzine, the former Goldman Sachs CEO whom Obama referred to as ‘our Wall Street guy’ at a meeting of Democratic governors in Chicago on Friday.”

Dennis Price, did you just ignore Corzine's job as a fund-raiser for Obama's election campaigns? It is your right to be an Obamabot, but it isn't very smart. It isn't even a republican/Democrat issue that it would take an idiot to vote for the failed President a second time.

What's your view on 9/11 and who bears the responsibility for that attack?

Peridot-1693859

Ooo, ooo, me...me...pick me! I know this one! Please pick me...YES!

The one who (bears) responsibility for the 9/11 attacks is...

The terrorists!

Did I get it?! Huh, did I, am I right?

I think Corzine should be dropped in the middle of the ocean, and we can wonder where he and the money went for as long as we wish.

Wow this is a great article. Lot of different opinions in here today. I love it. I hope this article stays up here all night. I have to go now but I can't wait to get back, thats how good this article is. I was so bored yesterday. Nothing good to post on, NOTHING. I have to leave for a bit but I'll be back later if they keep this article going. I can't wait to get back. This is some great debating in here today, I missed it bad yesterday. I love the hard rights comments, making this a political issue. Ahhhh, thats PRICELESS. I can't wait to get back. Take care and keep the comments coming, I'll be back with some new ones myself in a little while. Take care and God Bless. Oh yeah before I go, I think this is Dubya's fault!

Wow...Corzine does not know where the money went...Obama does not know where the shovel ready jobs went...Holder does not know where the guns went...Biden is still looking for the summer of recovery...and Chu does not know where the Solyndra money went....Only Blago knows where he is going....What a collection of dunces...

We'll keep the light on for you Joe-1072601!

So, I checked, and yes Dubya knows it's his fault again, but he didn't have the money either. Said something about checking Corzines freezer?

Well, it was onlytwelve hundred million dollars. Goldman Sachs is right now running up the price of gas and food on our hurting peopleby manipulating the commoddities market. The low life pigs have been getting billions in 0% loans to help yjem rape the people.

We will force real change on our corrupt financial and corporate systems or we will soon be in chaos. Thes pigs have a liscense to steal and they do more damage than all terrorist combined.

I think he should be waterboarded until he comes up with the BIG names. The names our government doesn't want to prosecute!

Still looking for d b cooper. I'll be Corzine found him.

S O X ? - One Intelligent question-observation in a sea of flotsam.

SOX will come into play....and all SOX did was reiterate what was already illegal (and increase the penalties for at least some of those illegal activities) No law can prevent fraud, all it can do is define it and determine the penalties for it. Charges under SOX or any law can take a distressingly long time as the intricacies of the fraud need to be untangled, the actual monetary losses tabulated and verified, and the full range of participants in the fraud need to be identified so that charges can be appropriately filed. It took years for Skilling and Lay to be indicted, and the time delay was not a function of pre- or post-SOX. I do believe Skilling and Lay would have been easier to prosecute in a SOX environment; while it didn't work very well for him, Skilling tried to mount a defense of "I didn't know, how could I know" - and under SOX that isn't even an option for a defense.

As to where the money is...he has a point. I certainly expect that insiders were "well" compensated. But the amount missing is much larger than even large compensation packages. Some of it may just be gone, lost in horrendously bad trades, especially in the last hectic days trying to make a big win to avoid bankruptcy, and that is my best guess. Gambling with other people's money to save one's own gravy train is way too common. But some entities, including financial institutions holding funds, may be holding on to them in hopes of covering their own losses

They're saying the money was lost in trading? They're also saying we don't understand how that works sometimes? If they're losing money like this then wouldn't you think they need to buy themselves a money belt? I never trusted a money clip or a wallet, to easy to lose the money with a money clip and then wallets get stolen to easily. I guess if they are working real hard right now juggling the books, they'll find a way to lose it and we can't understand it anyhow so it seems like a lot of book juggling will cover this right up. Nobody goes to jail, everything is good. Bravo.

Ok, lets just say the money was lost in trading, I know its not easy but lets just pretend it was for a second. So what I'm saying here is they kept trading til they lost a billion dollars? They didn't know that it was bad trading when they were down a million? They just kept trading til they lost a billion, beautiful, I could of made those investments myself. Somebody ended up with the money. And then the hard core rights in here, yeah its Dubya's fault, he's the one that made it too easy for them to do it and so why would they stop now? The system degenerated as did the country during Dubya's reign and its not stopping. Thats called the snowball effect.

It will probably be discovered that it WAS lost in trading. They removed money from client accounts and transferred it to company accounts (illegally.) They traded those funds in an attempt to recover their losses in the company accounts - then they planned to replace the clients' money with no one being the wiser. Things tend to snowball after that. This is behavior common to gambling addicts.

On the lighter side, one must admit that msnbc made an amusing headline: "I don't know where the missing MF money is" Come on, now THAT is funny ... and economical. Their abbreviation saved 11 asterisks.

Lets not forget the huge donation to the DNC, AND the O-blame-o relection campain.

Big contribution=no prosecution

"O-blam-o". Now that's an original one!!!! Let's change the subject and talk about the Newt and his money making lobbying skills that he claims isn't. We know all about his dismissal from his stint as Speaker of the House for unethical activity and the $300,000 fine he was given, his sexual escapades while his wife was dying of cancer, etc. etc. etc. You'all ultra right conservatives seem to overlook those facts and now place him on the ivory pedestal and loudly cheer this character on as he runs for president. Would you do the same if he were Democrat? Hell no, but hell no as usual. I can just imagine the cute little names you could dream up to show your disgust. O'Newt-balls, Newtre Newt, to suggest a few.

It almost seems like all the top "rich" people in charge are getting alot of money, and then getting the hell out of here! Do they know about some impending something or other we don't know about? OF COURSE THEY DO, and we just blindly go to our 50k a year job's every day like good little sheep. I know, I'm poor you don't have to tell me! I may be at the bottom, but I would never cheat my client's in this way!! Not for fear of jail (this guy should be arrested just on his response), but because I have a soul and it believe's in this country, not just myself. In Iran they cut off thieves hands, and publicly execute! SERIOUS, who want's his hand cut off?

That MF'n liar.

@Dan: Isn't your post a little bit of the pot calling the kettle black? So many posters are quick to jump on the "Oh, you're a right-wing nut who blames Obama for everything! Leave Barack alone!" bandwagon when they see someone criticize him. Criticizing Obama doesn't automatically make someone a right-wing Republican quack. I am an equal-opportunity criticizer; I hate the staunch right just as much as the liberal left and think they're all just different names for the same corrupt organization.

@ Dan Rowland

I like "Little Newtie" myself... tee hee...

Ray; good post. ok, I know its not right but I'll bet that Iran dosen't have much theft there. I guess depending on the amount of the theft, thats how many fingers you lose. Like this guy here, he would lose both hands and then for lieing he would lose his tongue, being the two are connected. Ok, I'm not a policing type of guy myself but wouldn't a little water boarding before the chopping started be the right thing to do first? Just incase the guy wants to come clean, before he goes to the chopping block? See, I'm surprised that texas dosen't have something like this already figured out. I bet Dubya did some research on it a long time ago, when he was governor even. I think he needs to be brought out of the hole he dug for himself and speak up on this issue. I'm willing to bet he has it figured out to a tee already and then Rich Perry passes it and I'm thinking that they take this trial down to texas and Corzine will remember real quick where the money is.

The Beev asked: "Is there not an honest man amongst us?" So many of us have this question. It really does seem that we are NOT able to say "yes" to that question anymore. It truly is a shame on our nation.

I think it is in his other pants?

There are. But we are all busy working 40+ hour weeks to pay our taxes and bills. We honest working men and women are not these billionaires seen in the news. We are the vast body of this nation. We are not the welfare scam artists, we are not the rich; we are simply the middle class, doing what needs to be done and most of us just hoping to weather the storm. It's only a matter of time, though, when those who were hoping to just weather the storm end up taking action.

The idea of a revolution has already been set to. Thousands upon thousands of men and women are already committing to this cause. This is not new news to those like me, at the forefront. This has been brewing and been planned for years off the radar. They have not sat idly by for a long time. I encourage you to join us. When the time comes, not if, that you see how unjust this existing government is -- when you finally see that it is not acting in the best interest of its people as a whole -- you should do some research. Among several injustices, my favorite to point out is Lobbyists/money lobbying. It is done by all political parties, so no one side can be blamed. When you read about it and see it for what it really is - bribery to get your bills passed through Congress - and that it is considered LEGAL because of shady laws, you will be outraged too. In fact, if the Supreme Court would get its collective heads out of its arse, they could read the ONLY set of laws in the land that have not been BOUGHT and see that it goes against them.

Read up on the Constitution, my friends. You'll see just how far twisted the government has become in the past few decades...

You got that right Jodi. I been buying guns and ammo for the past year now. I don't want to be caught with my pants down. Next time you see a rally to turn your guns in for a cheeseburger at McDonalds, you know its not going to be too long before it starts.

Yeah that constitution surely dosen't mean much at all now days, what a shame, its written so well. I'm liking Ron Paul more and more all the time now. I truly believe he reads the constitution and has respect for it too. I hope this country votes out everyone thats in office right now and votes in all new people to make the change and difference we need in DC. We really need to stick together right now or else we're done for. 2012-Ron Paul, its that simple.

Unfortunately Ron Paul signed the Norquist Pledge...brought to you courtesy of the Koch brothers....to not make the top 2% pay THEIR FAIR SHARE!!!!!!

Thanks for your service, CWO, but what a ridiculous, irrelevant, off-topic post. What does this nonsense have to do with Corzine or his company? By the way, I didn't know that the Democratic Party even had a dues system. Oh yeah, it doesn't. Don't let the facts bother you.

Dues = Bundling = Loans Where have you been for the last three years? Oh, yea, W has been gone for three years also. Tough to breathe with your head in the sand?

I totally agree!  This crap has been going on for years. It seems the link to the Unions still continues

New Jersey Gov. Jon S. Corzine gave his ex-girlfriend, a state worker union
leader, more than $6 million upon their breakup in 2004, when Corzine was a U.S.
senator
Corzine, a Democrat, and Carla Katz, president of the largest state worker union local, have repeatedly
refused to discuss the financial arrangement between them. 

rosco: You are saying a lot have you got anything to back up your rants about Him?

I beleive what he is saying, anything could have been done when he was there and when he left; the CEO doesnt work the accounting books, ! If you have any proof of your allagations then show your proof, If not your only trying to slander Him!!!

roscoe, maybe they're still in bed. I'm sure Toasty McGrath will have something to say. Maybe something along the lines that President Cheney was an even bigger crook who put his lap-poodle up to starting two wars running around looking for weapons of mass destruction so that Halliburton could rob the world blind. The usual script. Well, at least they've finally stopped blaming Herbert Hoover for everything.

Its probably because you can't spin this no matter how hard you try.

I'm here you clown. If those Rich GOPers took some money you would probably say is was legal.

Guess what

You have got to be kidding right? This clown and Dem has been at his antics since being a Sen. in NJ and I would bet much longer. He even payed hush $ to his girlfriend/union leader.(THINK CAPONE) It was just to bad his $ kept him out of prison then. He paid of the union Google Carla Katz and Corzine. Then he also sent out over $180 million in payoffs minutes before leaving office of the NJ Governor

roscoe,

I thought the very same thing..LMAO....That's funny!!!

Jim,

This problem wasn't caused by a lack of regulation. It's was caused by the regulators we already have in place not doing their jobs.



People like Chirs Dodd and Barney Frank....who CREATED the bubble and destroyed anyone questioning regulation or control. And I "think" they are D's?????

Yes, we need LESS regulatiion and about a thousand of these scum have their assets siezed and placed on Sheriff Joe's chain gangs. They'd look goood in pink!

What regulators? No budget, No office, No regulators. These were cut off in the 80's. How do you think that regulators failed to do a non existing job? What do you think caused the S&L meltdown or better yet, let's come to current times, the creation of mortage backed securities or one better yet, "speculation" on the NYSE. Are these the type of things you think the so called regulators failed to prevent by not doing a job.........?

What regulators? No budget, No office, No regulators. These were cut off in the 80's. How do you think that regulators failed to do a non existing job? What do you think caused the S&L meltdown or better yet, let's come to current times, the creation of mortage backed securities or one better yet, "speculation" on the NYSE. Are these the type of things you think the so called regulators failed to prevent by not doing a job.........?

Mac I like your idea of putting these crooks on the chain gang in pink but I've lost respect with sheriff Joe now that it has been revealed he CHOSE to not investigate rapes, molestations and assults while he was being paid to provide those services to another jurisdiction. It's not that he was overworked but simply because they MAY have been illegals. While I am against illegals, they are still people and the FACT that he was being paid and the FACT that he CHOSE to NOT investigate is just as bad as the MF being discussed here. (heck of a set of initials for a company LOL)

There are 1,000 underpaid regulators to oversee a huge securities industry with millions of transactions a day, to say we don't need more regulation is like saying well if that one traffic cop that is left working were to do his job he could catch all the millions of speeders every day.

Regulations set up oversight and guidelines. There is no regulation that stops criminals from illegal acts. Commingling funds is illegal and it appears to have been discovered in this case. I guess some people think we should have enough regulations in place that it prevents bankruptcy and criminal acts.

The point about the regulation is that it just causes huge expense, but does no good.

What would you have had the regulators do? Audit the books of every firm every day? Remember, the SEC and the private auditors are generally people who aren't smart enough to work for the people they audit.

Just how is any good supposed to come from Sarbox? Everything they look for is already illegal.

Tony,

The regulators are not underfunded. It clearly states in the article that regulators approached MF Global asking about European debt exposure. MF Global said 'No, we're not exposed to that debt', and instead of doing their jobs and having a look at their books themselves, they simply turned and walked away.

If you don't like Wall Street 'speculation', then tell the Fed to stop punishing savers with near zero interest rates while rewarding over-consumption by printing more money. Bernanke himself said the purpose for QE1 and QE2 was to drive up the DOW. They are more concerned with the creating the illusion of wealth than they are in creating actual 'real' wealth or a strong economy.

Trust/verify, I don't live in AR so I can't say for sure about Sheriff Joe. However the Media does hate him Big Time. The city which this happened went bankrupt due to the high % of illegalls. The sheriff's department got 2.7 million to cover it for 2.5 years. Not a lot of bucks. Add to that the majority of the town is supposwedly illegal and DO NOT COOPEATE wth police.

So the big question is how the souroundin counties with DEMO Sheriffs do with these crimes. Sheriff Joe got something like 30% LESS crime in his county than ALL the surroundin counties. Don't know for sure. Just know don't believe anything you read or hear and only half what you see. They are ALL lyin to us.

Peace Out.

crambolo

Have any of you people ever heard of "Innocent until PROVEN guilty"? Please understand I am not saying he is innocent, I am only saying let's wait to hang ANYONE until after a fair trial. A very interesting fact, in this case, is that the FBI, FINRA, and many other law enforcement personnel, as well as an army of certified public accountants, still have not determined where the money is or where it went. However, sooner or later they will know all the facts. After the facts are determined we will know much more clearly who is the real culprit(s). Until then can we at least honor someone's constitutional rights? If your answer is NO, then you are truly UNAMERICAN!

#1.15 - Thu Dec 8, 2011 9:35 AM EST

You are right everyone in this country is Innocent until proven guilty. But there is always going to be public opinion before all the facts are given. I am sure that not everyone involved with the company knew every aspect of what was going on. They will find the money eventually. It is most likely in an off shore account so that all the people involved can have a very nice severance package once the heat cools down a bit. But as to who is involved we just don't know as of yet until we get all the facts brought to our attention as time moves on.

Also him being a Democrat is something that should have been mentioned by MSN because if he was a Republican then that would have been mentioned because it is well known that the majority of the press are Democrat and they are always trying to slam the Republican party.

"Also him being a Democrat is something that should have been mentioned by MSN because if he was a Republican then that would have been mentioned because it is well known that the majority of the press are Democrat and they are always trying to slam the Republican party."

It was in the article. You just didn't read to the end. Which negates the entire rest of your post.

The article above uses the word "Democrat" in ONE location where it says:

ex-Democratic senator

Their usage actually implies ex-Democrat or they could have written Democratic ex-Senator.

Your post is now negated.

"Their usage actually implies ex-Democrat or they could have written Democratic ex-Senator."

Take it up with the writers. I doubt anyone reading the article believes he's an ex-democrat.

Dang sharle show me where all the liberal press is 'cause I'm sure not seeing it. I see MSNBC doing a better job at showing both sides more than Faux but I still wouldn't call it Liberal by a loooong shot.

I bet if some ripped off clients threw a rope over a tree branch, this scum bags memory would return real quick.

IMO what enraged Americans across the political spectrum more than the infamous "bank bailout" of 2008-2009, was that within a year these institutions were awarding their executives fat bonuses. Why would they do such a thing? For the same reason a dog licks himself. The real failure was that the Congress and the two administrations involved in the bailouts (Bush, Obama) failed to put sufficient conditions on these bailouts to prevent this, in their haste to shovel other peoples' money out the door "for the common good".

Obama did put conditions on TARP funds. See here: http://www.cov.com/files/Publication/0a64c937-ba3f-4543-9c4a-0325f6f81ec0/Presentation/PublicationAttachment/bbea4495-e800-47c3-8d2f-200785ca3901/Obama%20Administration%20Outlines%20Conditions%20for%20Remaining%20TARP%20Funds.pdf

Makes one wonder why anyone would ever open a trading account with them, doesn't it?

Madoff actually had a good reputation once, so we can see how people could be bamboozled by him for awhile. But this guy WAS A DEMOCRAT GOVERNOR AND SENATOR FROM JOISEY, fer cryin' out loud (thus a proven, advertised thief and liar.) Pile on the MF name, and come on people! Have a little self-respect and awareness of reality.

Amazing isn't it? Like the numb-skulls in WI. they don't realize who is ripping them off, who is crooked, who is trying to do the right thing, and who is just plain stupid. And worst of all, they don't realilze that full steam ahead on a lefty heading will result in disaster...no money and no one gets anything...except for the crooks that is.

The people of NJ finally realized that all you needed was a Republican Governor to clean up the mess of years of liberal Democratic policies but the democrats can't explain or figure out why Obama can't clean-up the mess supposedly left by GW....

Alan, with guys like Nixon, Clinton, OJ, and Corzine running around, maybe Obama has for once told the truth.

you forgot the big one , they have nuclear and chemical weapons, bush, 10 trillion dollars latter

The unit toad,

lol is that kind of like: A broken clock is still right twice a day? or is it; Just by dumb luck he got 1 right? It is getting hard to tell?

Yeah and atleast with Reagan when he said "i can't remember" he was telling the truth. I just wonder how Obama will try and distance himself from his buddy now. Obama has stated in the past that Corzine is a honorable man and is one of his best "partners" in the White House(that's not saying much)

opp:

Don't forget the Democrats backed that war too.

@Alan: You had me right up until "This is not a Christian nation. Obama LIE! LIE! LIE!"

This ISN'T a Christian nation, this is a nation in which people should be allowed to practice their own beliefs without trampling upon the beliefs of others, while prohibiting Congress from creating a national religion. First Amendment: "Congress shall make no law respecting an establishment of religion..."

Really, if you want to get technical, this was a nature-based religious land, with several tribes worshipping their versions of the same gods, respecting Nature and the gifts given to them by that Nature. But then our Christian forefathers and their friends, in search of land and personal wealth, trampled all over hundreds of years old customs, staked claim to things that didn't belong to them, and killed anyone who didn't comply or open a casino.

People tend to forget those minor details.

Maybe it would be more accurate to say "This is no longer a nation led by Christians."

@Naomi - there is a lot of religious diversity in the US - the Constitution allows and encourages it. The facts of life - the great majority of the population is Christian and the great majority of the founders were Christian (but they did not insist that others become that religion.) The majority of the flood of Hispanic immigrants are Christian, so the number and percentage of Christians will probably continue to grow.

PONY05

makes no sense

blah blah blah...STFU

American Citizen.... wow that was mature. Maybe Tony will pay you a visit and suspend you for a day?

But they are answering charges and paying the price. Corzine is lying and whining.

He was a Senator years ago and after that a Governor.Guess you don't keep up with the newws.

Nightman...go back to sleep for another decade.

Because the media loved Corzine when he was corrupt in NJ and didn't take him task then.

trudat--This is the type of hijinks that makes me sympathize with the Occupy Wall St crowd even though I'm not even a Democat.

So you have bought the lie that the Occupy Wall St movement is a Democrat Party "plot".

News flash. Occupy Wall Street may be one of the only spontaneous movement to actually happen since the Great Depression when masses of Americans fought to protect each other from the banks who lost their depositors money and then started foreclosure on people's homes.

It's not a DEMOCRAT movement. It's a movement that began because of outrage and anger at the injustice of billionaires paying no taxes and getting away with financial crimes because they are rich while ordinary Americans are railroaded out onto the streets.

consider it , I agree with you 100% and I don't think the occupy movement is a plot. The reason I mention I'm not a Democrat is that I want people to know that in my opinion this movement crosses your normal political and social boundries. I am hoping that someone can come along and intelligently articulate the legitimate gripes of every working class person, from the teapartier to the OWS crowd. If such a person or party can do this we could begin to set the ship back on the right course.

trudat,

Thanks for being clear on your point. It seems the OWS movement is so large and so misunderstood because they lack a central voice. They are trying though. At least they have the courage to stand up and demand something be done to stop the criminals on Wall Street and in Washington. But where do they go from there?

BTW I am not a Democrat either! :)

No. He needs to get in line behind Dick Fuld, Jamie Dimon, Lloyd Blankfein, Angelo Mozilo, Kerry Killinger, Franlin Raines, Stanley Oneal, etc.. etc.. to await his trip to the guillotine.

Who me? I don't know nuttin' about it. Money missing? Gee, who coulda done that?