John Corzine and Solyandra are Obama's biggest problems if re-elected .
Storming the Bastille is the next great big thing in American politics . When a huge amount of money goes missing there is always MF Global's former executives, the CFO and the COO, along with Jon Corzine, the former CEO, testified before the senate agriculture committee. They told the committee that they don't know how an estimated 1.2 billion dollars in customer funds went missing.Unfortunately, all three of them could not offer an explanation, with both Henri Steenkamp and Bradley Abelow saying that they have no idea where the money is. Jon Corzine, former CEO of Goldman Sachs, danced around the question. If you feel like you've heard this before, that's because you have. You heard it last week when former MF Global CEO Jon Corzine testified on the hill -- before the house agriculture committee. Remember, this is the former CEO of Goldman Sachs, the former governor of new jersey and a former united states senator. He was at the helm of MF Global when it disclosed a more than 6 billion dollar bet on european sovereign debt that was part of an entire portfolio that counter parties started to run from in droves as the firm headed towards illiquidity and bankruptcy. How does all this sit with MF Global customers? Well, we speak with one of those customers, Gerald Celente, who was stopped out of his gold futures positions because he was unlucky enough to be a customer with MF Global. He had a segregated account, but apparently, that was no viewed as sacrosanct by Jon Corzine et al. .
NOTES & COMMENTS:
Check out Wall Street and Goldman Sachs as they created the mess and have the money! The people of America have been robbed. Their own leaders ensured that it would be possible.
Be prepared for the collapse. The tsunami is coming soon .Both - corruption in doing the deal and incompetence for not arrainging to hide it properly. HA! Although if we had transparency - something that will never be found in politics, then this whole administration would be out the door and a few would be impeached and or fired, and in jail. .After the collapse, Jon Corzine, the former CEO opf MF Global, immediately went into self imposed exile. Like the money, he simply vanished. No one questioned his disappearance or silence. Not the media, politicians, or the various organizations who normally loudly and publicly protest. Unlike others, who were denigrated, disgraced, and dehumanized, Jon Corzine is getting a free pass. From everyone. The president on down.