MF Global Holdings Ltd, the futures broker run by former Goldman Sachs chief and NJ Gov. Jon Corzine, has filed for Chapter 11 bankruptcy. Done in by Corzine’s big bets on euro-zone debt. FYI – Corzine is a chronic investment banker and card-carrying member of the 1%, just the sort of person Micheal Moore and OWS should be picketing. The fact that he’s an Obama-lovin’ Democrat shouldn’t matter to these principled types.
This post was last modified on January 26, 2021
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Rumor has it his debt to assest ratio or whatever they call it was over 40 to 1. Lehman Brothers was 33 to 1 when they failed. And there are allegations of comngling his company money with his investors money, which is described as a "very serious breach or regulations." Creep.
Corzine did for MF Global what he did for New Jersey.
EXACTLY!!! He drove NJ into the pits of hell! One of the reasons I left for Florida!
No bailout? The Administration is slipping.
He's liberal, therefore he is destined for failure...Can't change the laws of the universe......
Good ole Joisee. I bet his MAFIA brothers love him spreeding the wealth to them. Have you ever heard of a Mafioso filing Chapter 11? HA!! Now you have.
His political opponents have been telling us he's an MFer for years. This confirms it.
It's about time he caught his. Now the question needs asked. How much of his own money did he lose? Could it be he pulled a Bernie and screwed everyone else out of their money all the time hiding his own?
Hey John, open up your penthouse and invite your friends in for some tea and a shower.