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Republicans blame Corzine
in MF Global failure

Associated Press, by Staff

Original Article

Posted By:JoniTx, 11/14/2012 2:53:23 PM

WASHINGTON - Republicans on a House panel that investigated the collapse of the brokerage MF Global are pinning the blame on ex-CEO Jon Corzine, a former Democratic senator and governor. The Republicans say the investigation shows that Corzine´s decisions caused MF Global´s bankruptcy in October 2011 and its loss of more than $1 billion in customer money. They say Corzine turned the brokerage firm into an investment bank making risky trades. They also say Corzine ran the firm in an authoritarian manner and didn´t allow anyone to challenge his decisions.


Post Reply  

Reply 1 - Posted by: civilservant, 11/14/2012 3:02:58 PM     (No. 9014375)

Uhhhh, DUH!

Man, thank God we have the Republicans to protect and defend the Constitution and the Country.

Reply 2 - Posted by: AltaD, 11/14/2012 3:11:20 PM     (No. 9014388)

This will come as news to the AP but the CME and MF clients blame Corzine too.




Reply 3 - Posted by: lylacat, 11/14/2012 3:17:16 PM     (No. 9014398)

Corzine is to blame. Why is he not in prison?

Reply 4 - Posted by: cheeflo, 11/14/2012 3:25:00 PM     (No. 9014409)

As does the MF staff, #2. Corzine is to blame. Everyone knows it, even the press.

Reply 5 - Posted by: lakerman1, 11/14/2012 3:54:27 PM     (No. 9014469)

Where are the democrats on this? The statute of limitations will run out on this criminal, and nothing will happen to him.
His testimony before that congressional committee was just plain peculiar. He didn´t know ´nuffin´ about the losses. He was new to the firm, didn´t know the names of key executives, knew nuffin.

Reply 6 - Posted by: TXknitter, 11/14/2012 4:04:22 PM     (No. 9014495)

God bless them. The hard part comes now. Corzine and the Democrats merely yawn at this "report." The Republicans indicate Corzine at fault so pursue it to the ends of the earth.

Reply 7 - Posted by: Clark Kent, 11/14/2012 4:58:55 PM     (No. 9014628)

this article is written from a bizarre point of view. Anyone with a brain would come to the conclusion that Corzine is responsible




Reply 8 - Posted by: Spidey, 11/14/2012 5:03:53 PM     (No. 9014638)

The republicans are making the charges,that´s a hint it´s a witch hunt,not statements of facts.Corzine did mix money and make bad investments,it´s a 100% provable. Holder should be the one making these charges.Corzine is every bit as big a crook as Madoff.

Reply 9 - Posted by: stablemoney, 11/14/2012 5:04:55 PM     (No. 9014641)

Shouldn´t this be referred to the prosecutors. Taking client money and using it as your on is a crime, although not often recognized by Congress.

Reply 10 - Posted by: dittohead, 11/14/2012 5:12:10 PM     (No. 9014656)

My solution, we all change our affiliation (or affliction) to DEM and we, too, can get away with murder and the stealing of billions!!

Reply 11 - Posted by: rocket scientist, 11/14/2012 8:16:17 PM     (No. 9014970)

So why isn´t the criminal Corzine in jail right now?

Reply 12 - Posted by: bob913, 11/14/2012 11:08:13 PM     (No. 9015174)

He stole $1.2 billion and he gets away with it!





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