Monday, January 30, 2012
If you have been screwed by the folks at MF Global - Good luck
The Wall Street Journal is reporting today,
"Nearly three months after MF Global Holdings Ltd. collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.
As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a "significant amount" of the money could have "vaporized" as a result of chaotic trading at MF Global during the week before the company's Oct. 31 bankruptcy filing, said a person close to the investigation. . . ."
So folks if you had some money invested in MF Global, I am here to tell you, you are screwed! Why, will because MF Global was run by Jon Corzine, and Jon has said he is sorry this happened and he just doesn't understand!
"But, Willie P, surely there are laws that hold the CEO's of these organization's responsible, didn't I read something about the Sarbanes Oxley law that was passed after the Enron debacle that will help us get our money back or be sure those who stole it from us go to jail?", asked my friend Dale the other night down at the City Cafe.
Well Dale that is true and if the crooks who stole your money at MF Global, particularly their CEO Jon Corzine were one of those greedy capitalist pigs from Wall Street who had conservative tendencies and supported conservative policies there is no doubt that the boys in the White House, the SEC, and the Justice Department would be all over the head MF'er Mr. Corzine and this team, like stink on a skunk, as we say here in flyover country. Just like all those boys at down at Enron who were in the oil bidness down here in Texas in 2001. I mean those guys were sent to jail, fined and literally taken out of society, and it served them right.But sadly for you, and all the MF Global investors, these MF'ers are part of the Crony Capitalist group from Wall Street that support the current administration, and they are part of the Democratic Socialist groups currently running the country. You see the Head MF'er in charge at MF Global, Jon Corzine already went up to Capital Hill and told his cronies in Congress that he was sorry about losing all that money, I mean really what else do you want to happen to the poor guy?
You don't really expect his buddies in Congress and the White House to put a good ole boy
like Jon in jail just because he can't find a couple billion dollars do you? Beside you made
enough money in the oil bidness yourself so quite your gosh darn bitchin.
Just a common sense thinker from flyover country!