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:furious: When are we going to make these thieves who have destroyed innocent people lives pay for their crimes? Corzine and his executive buddies used the farmers regular bank accounts to cover their wild bets on the European market. When it all crashed down on the Masters-of-the-Universe the best excuse Corzine came up with is....'I don't know where the money went'.
Why is their two sets of law? If you are poor and rob a bank you go to prison. If you are rich and rob a bank, you pay a tiny penalty if you are unlucky and get a bonus if you are lucky. Is it the gun thing that makes the difference?
The farmers money is gone! Kaput! Freakin' stolen out from under them, illegally taken from the farmers 'secure' accounts. Accounts not tied to investing or hedging and supposed to be segregated from such activity. Some of the farmers are in dire straits because of what these crooks have done to them.
Americans may also face more rising costs in food if the farmers are not reimbursed.
Quotes and article link below.
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http://abcnews.go.com/Blotter/farmers-sue-jon-corzine-missing-millions/story?id=15321298
"This is a suit by the real victims of MF Global," said plaintiff's attorney Mark Baker of the law firm Anderson, Baker & Swanson. "The missing funds were not investments in MF Global, or loans to MF Global, but rather the customer's own money as collateral to guaranty their contracts. They were not to be used by others let alone their own broker to speculate on risky and exotic securities."
Corzine was at the helm of the firm when it declared Chapter 11 on October 31 , the eighth-largest bankruptcy filing in U.S. history. Regulators initially thought $600 million in customer funds had gone missing, but later upped their estimate to $1.2 billion. Only 60 percent of customer funds could be found.
Why is their two sets of law? If you are poor and rob a bank you go to prison. If you are rich and rob a bank, you pay a tiny penalty if you are unlucky and get a bonus if you are lucky. Is it the gun thing that makes the difference?
The farmers money is gone! Kaput! Freakin' stolen out from under them, illegally taken from the farmers 'secure' accounts. Accounts not tied to investing or hedging and supposed to be segregated from such activity. Some of the farmers are in dire straits because of what these crooks have done to them.
Americans may also face more rising costs in food if the farmers are not reimbursed.
Quotes and article link below.
--------------------------------
http://abcnews.go.com/Blotter/farmers-sue-jon-corzine-missing-millions/story?id=15321298
"This is a suit by the real victims of MF Global," said plaintiff's attorney Mark Baker of the law firm Anderson, Baker & Swanson. "The missing funds were not investments in MF Global, or loans to MF Global, but rather the customer's own money as collateral to guaranty their contracts. They were not to be used by others let alone their own broker to speculate on risky and exotic securities."
Corzine was at the helm of the firm when it declared Chapter 11 on October 31 , the eighth-largest bankruptcy filing in U.S. history. Regulators initially thought $600 million in customer funds had gone missing, but later upped their estimate to $1.2 billion. Only 60 percent of customer funds could be found.