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HomeTo Jon Corzine: This MF Global Client Wants Justice
Posted by Larry Doyle on October 29th, 2012 11:07 AM |
On the heels of my MF Global commentary a few days ago in which I ran the exchange I had with a farmer in central Michigan, I received a number of messages of gratitude for continuing to shine a light on this travesty.
The pain felt by the farmer is also experienced by a whole host of other MF Global clients. I received another communication just this morning from an MF Global customer who screams for justice and challenges the premise of the most recent MF Global coverage in the WSJ. With his permission, I welcome echoing his scream and running his letter sent to editors of The Wall Street Journal, (more…)
Jon Corzine v Edith O’ Brien: Let’s Rumble
Posted by Larry Doyle on January 18th, 2012 11:41 AM |
Some of the largest financial debacles of our lifetime revolved around individuals who were able to effectively arbitrage, that is knowingly manipulate, their back office operations.
I refer specifically to the financial follies surrounding Joe Jett and Kidder Peabody in the early 1990s, Nick Leeson and Barings in 1995, and Yasuo Hamanaka and Sumitomo in the copper scandal of the mid 1990s.
I would maintain that due to a shortage of quality collateral in our financial system, it is highly likely that over the course of the last few years many of our large financial firms have knowingly manipulated their back offices and accounting operations. (more…)
