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HomeIs Jon Corzine “Too Big to Be Indicted”? Part V
Posted by Larry Doyle on December 14th, 2011 7:13 AM |
Do you think it is believable that a financial firm’s CEO, CFO, and COO could all be ignorant in knowing where and how a billion dollars of customer funds may have gone?
You don’t? Neither do I, although if we were to take these aforementioned individuals’ statements to that effect on face value, we would be led to believe that the downfall and demise of MF Global was somehow just one big mistake.
I hope and trust that Americans are not so naive, and that our Congressional leaders will be appropriately rigorous in pursuing and unearthing the truth in this investigation.
To this end, I had previously suggested those investigating the MF Global bankruptcy should engage noted financial sleuth Harry Markopolos. Whom else might we want to listen to? (more…)
Is Jon Corzine “Too Big to Be Indicted?” Part IV
Posted by Larry Doyle on December 8th, 2011 8:58 AM |
With most eyes and ears today fixated upon Brussels to see what version of “charades” will next be played by the European heads of state in an attempt to save their union and their euro, there should actually be a slightly more entertaining ‘show’ on Capitol Hill today.
What ‘show’ might this be?
The testimony provided by the recently humbled and one-time Wall Street titan and Democratic political bigwig Jon Corzine in the ongoing saga of MF Global.
What really happened at MF Global? Who knew what and did what? (more…)
Is Jon Corzine “Too Big To Be Indicted”?
Posted by Larry Doyle on November 7th, 2011 7:16 AM |
Any manger—let alone a chief executive officer—worth his salt should be laser focused on protecting the interests of his constituents, including shareholders, creditors, and employees.
Jon Corzine is not worth his salt or much of anything else these days as he protected none of his constituents.
While Jon Corzine may have fancied himself as a titan in both political and financial circles, the simple fact is the demise of the once renowned firm MF Global on his watch, relegates Corzine to the rubble with other outsized egos humbled and humiliated by Mr. Market. (more…)
