Farmers sue Corzine of MF fund for stealing their money out of bank accounts

Discussion in 'Up to the Minute' started by Show Me, Jan 9, 2012.

  1. Show Me

    Show Me New Member

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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.
     
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  3. tiredblondy

    tiredblondy New Member

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    I agree Show Me.
     
  4. Quiche

    Quiche New Member

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    Because, all of a sudden our lawmakers are all mega-millionaires who sit on boards of trustees that strategize long before running for the Senate what earmarks they need to make them all richer than kings, and which loopholes are needed to exploit and plunder the voters' money.

    Did we really think Madoff was the only one? Brace yourselves, imo. This kind of carp is as common as dress shoes in the House and Senate-- until these folks take a public flogging (that isn't a hearing by their cronies) it will continue.

    A Chateau in France, indeed! He should not be capable of leaving the country-- imo, he's a terrorist and a traitor. Reach into to those laws, and the loopholes have been sewn up rather nicely. MOO

    :furious:
     
  5. Show Me

    Show Me New Member

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    Why won't our government go after these Financial Terrorists as zealously as they do foreign terrorists?

    Maybe because the financial terrorists didn't say publicly..."We are going to destroy Americans with our weapons of mass financial destruction? We will destroy your economy and wreck havoc on your retirement accounts, small business', pensions, savings, homes and jobs.
    You will have no money left to buy food or your medications. Your grown children will have no decent paying jobs or future. And when we are done stealing from you, we pay ourselves a great big fat BONUS!"

    No these terrorist traitors told us, 'We are so brilliant we deserve the ridiculouly high wages and outrageous bonuses, even at the cost of the
    taxpayers.'

    Yet when you ask Corzine where's the money, all he can say....duh I don't know where the money is.
     

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