http://www.marketwatch.com/story/mf-global-trustee-12-billion-missing-2011-11-21-1136460 Jon Corzine should be drawn and quartered.
Skadden Arps lied to the court when they stated that all funds were accounted for and in custody at Chase, et al. A complete scam from to bottom. Rumor is that the actual number is ~$2Bn. Corzine will be doing time. Abelow should not be allowed to continue. I can't believe he's still there. It appears that accounts may take a haircut of 50%.
skadden arps lied? Former GS Investment bankers steal customer money? <iframe width="420" height="315" src="http://www.youtube-nocookie.com/embed/SjbPi00k_ME?rel=0" frameborder="0" allowfullscreen></iframe>
If not for the connections with Obama (Corzine's his biggest Wall St. fundraiser) and Soros, the media would be much harsher on MF and Corzine. http://www.worldnewstribune.com/?p=1280
Madoff screwed investors, Corzine screwed traders. Big difference in the eye of the public...Average Joe might think speculators are leeches and had it coming. That is a perfectly good explanation, why there is much less interest. Also, after Madoff, everything looks like small change...
The eventual recovery for Madoff investors could result in a net shortfall (versus invested capital, not including fictitious gains) smaller than MF's. Corzine may go down in history as the bigger criminal, measured in $s.