UltimateHoboW/Shotgun
12-11-2011, 10:04 PM
http://latimesblogs.latimes.com/money_co/2011/12/corzine-stunned-that-mf-global-couldnt-find-missing-funds.html
As the first former U.S. senator to be subpoenaed by Congress in more than a century, Jon Corzine testified Thursday about the “last chaotic days” of MF Global, the trading firm that declared bankruptcy under his watch.
Corzine said he was “stunned” to learn that the firm could not locate hundreds of millions of dollars in client money in the days before the firm’s collapse, and said he had no idea where the money had gone.
Corzine was chief executive of MF Global when the firm filed for bankruptcy protection Oct. 31. He resigned from his post five days later.
“I simply do not know where the money is or why the accounts have not been reconciled to date,” he said in testimony before the House Agriculture Committee.
<IFRAME title="MRC TV video player" height=360 src="http://www.mrctv.org/embed/108141" frameBorder=0 width=640 allowfullscreen></IFRAME>
Haha. And this Admin said this about Corzine. HAHA, LOL
<EMBED height=360 type=application/x-shockwave-flash width=640 src=http://www.youtube.com/v/xm3VMrKqJSA?version=3&feature=player_detailpage allowScriptAccess="always" allowfullscreen="true">
As the first former U.S. senator to be subpoenaed by Congress in more than a century, Jon Corzine testified Thursday about the “last chaotic days” of MF Global, the trading firm that declared bankruptcy under his watch.
Corzine said he was “stunned” to learn that the firm could not locate hundreds of millions of dollars in client money in the days before the firm’s collapse, and said he had no idea where the money had gone.
Corzine was chief executive of MF Global when the firm filed for bankruptcy protection Oct. 31. He resigned from his post five days later.
“I simply do not know where the money is or why the accounts have not been reconciled to date,” he said in testimony before the House Agriculture Committee.
<IFRAME title="MRC TV video player" height=360 src="http://www.mrctv.org/embed/108141" frameBorder=0 width=640 allowfullscreen></IFRAME>
Haha. And this Admin said this about Corzine. HAHA, LOL
<EMBED height=360 type=application/x-shockwave-flash width=640 src=http://www.youtube.com/v/xm3VMrKqJSA?version=3&feature=player_detailpage allowScriptAccess="always" allowfullscreen="true">