21 Replies to “Obama And Corzine: Not Allied Enough!”
So Corzine helped Obama develop his national economic plan?
Well that explains a lot.
“Report: Child homelessness up 33% in 3 years” http://tinyurl.com/7wo9pwf
I don’t see the contrast.
Both speakers – Obama & Corzine – excel at honest, straightforward speech not intending to deceive. And they both have the public’s best interests at heart. And clearly both are better able to manage my income than I am.
These two are birds of a feather.
More and more the Romanian solution seems to be the only option…..
More and more the Romanian solution seems to be the only option…..
“Agriculture , Nutrition and Forestry”.
What’s the motivation for the Corzine family to give those senators over a billion dollars of their money they stole, again?
Corzine is knee deep in the MF Global scam – where select insider clients were tipped off about the bankruptcy allowing them to withdraw their funds in full before the collapse and leave the rest of MF’s customers with crumbs. The real story here is where the gold they were holding for clients went.
Do we see a pattern forming here with Pres. Barry Soetoro’s “Czars” and criminal entrourage? Insider gangsters who helped plunder the treasury for the Wall Street Banksters. Will we ever see the prosecution of the criminal cabals who have infested Washington for the past 30 years?
What’s truly incongruous is the sign in front of that lying fool in clip #2, identifying him as “Honorary”.
Corzine joins the long line of flacks in Obama’s stable: Ayres, Rev.(?)Wright, van Jones, Richard Trumpka, SEIU’s Andy Stern, Valerie Jarrett, Geithner, Rahm Emanuel, et al.
Most people are wise enough to know that it is prudent to judge people by the friends they keep. Not democrats.
Drum roll please, the big winner in the collapse of MF was, wait for it,————“George Soros”.
Now tell me with a straight face that you are surprised.
Invest with CONfidence with the corruptocrats!!
Why just stop at billions, when you can make trillions disappear…?
So now CDS is really an acronym for Customer Defrauding Swindle…
Great job guys, building CONfidence in the economy.
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
Google “corzine knew” and you’ll see Corzine was misleading the senate committee.
The MF collapse is the only argument I can see for keeping the CWB. Oh wait, they lost a third of a billion dollars of client account money.
I would recommend Canadian laws (and enforcement) that would see Corzine doing jail time in Canada (assuming Canadian accounts were also purloined). Would also be interesting to hear what Conrad Black ‘s assessment is.
Listening to Corzine speak with all his “ugh’s”, was more painful than hearing Porky Pig with his stutter…
Were they separated at birth maybe?
Corzine sure is good at “humble and contrite”. I guess his acting is bolstered by the knowledge that he’ll never have to pay for his malfeasance.
“Romanian solution”,sasquatch? Not a bad idea sometimes…
When anyone is involved in something like this it is prudent to ask if the individual knew what he was doing was wrong and did it anyway or had no idea that it was wrong and did it. If the former is true, he’s a crook; the latter, he’s stupid. Corzine is not stupid. He’s lying, he knows. He’s a crook.
It shouldn’t be too hard to work the first clip into several different campaign ads by whoever becomes the Republican Presidential candidate next year.
These two are birds of a feather.
Oh, oh, just came home and checked this thread and it appears that my Yourlink Internet provider had some issues this morning.
Sorry about that. The moderator could delete the repeats.
Crooks the lot of them. they remind me of the Adsam Liberals. Most of them got away as well.
The word of the week over at Zerohedge is “rehypothecation”. It’s explained this way:
Suppose you have a margin account with a broker. You “buy” $10,000 of stocks or commodities or something, but only put up $7,000 in cash. The remaining $3,000 is loaned to you by the broker “on margin”. In the US, the broker is entitled to use that margined amount of stock as collateral (“rehypothecation”) against loans the broker may take out for other purposes (like, say, making a huge bet on Euro bonds). Sounds fair, right? You owe the broker $3k, the broker owes someone else $3k, everything is square.
Except in the US, brokers are allowed to use 140% of the margined amount as collateral. So, if you have $3k on margin, the broker can borrow $5.2k against it. This enables the broker to control even more assets (“leverage”), and if they are guessing correctly, make pots of money. But that wasn’t enough for Corzine and his cronies at MF.
They, without telling customers, transferred thousands of accounts to Britain, where there is no 140% limit on rehypothecation. According to what I’ve been reading, there is NO statutory limit in the UK at all. This means the only limits on how many times a broker can pledge the SAME piece of collateral against different loans it takes out are 1) the size of their collective risk appetite (aka “balls”) and/or their stupidity, and 2) the credulousness/due diligence of the entities making the loans and/or their stupidity. It appears that the latter parts of these limits swamped the former. MF made a huge bet, using this purloined money, that the Eurozone crisis would be resolved, and that the sovereign bonds of the PIIGS, now selling at pennies on the dollar, would recover. Other, more wary people were only too happy to sell the bonds to MF; other, less cautious people were only too happy to lend MF the money to pay for them. When the bonds didn’t recover, and MF was asked to pay for them, the lenders discovered that not only was MF’s cupboard bare, but it had looted its customers’ accounts as well.
The big question here is why would Corzine do this? His reputed net worth was over $300,000,000. He’s in his 60’s. How many homes can he buy, how many cars can he drive, how many steaks can he eat? Did he feel left out because he wasn’t part of the “billionaire” club?
I’ve posted before that I have a pretty low opinion of the OWS protesters tactics, message, and “solutions”, but I sure as h*ll understand their anger. That someone with so much would rip off his own customers for no apparent reason other than to feed his ego would make me pretty mad; what’s worse is, thanks to his friendship (i.e. campaign cash) with Bambam, he’ll probably never serve a day in jail.
Romanian solutions, indeed.
‘thanks to his friendship (i.e. campaign cash) with Bambam, he’ll probably never serve a day in jail.
Romanian solutions, indeed.’ KevinB
Bingo!
Producers and elevators that used MF Global for future contracts on hard assets such as grain, hogs, cattle, etc. are really taking a financial hit:http:
//www.agweb.com/article/mf_global_collapse_hits_u.s._farms_hard_LN/
So Corzine helped Obama develop his national economic plan?
Well that explains a lot.
“Report: Child homelessness up 33% in 3 years”
http://tinyurl.com/7wo9pwf
I don’t see the contrast.
Both speakers – Obama & Corzine – excel at honest, straightforward speech not intending to deceive. And they both have the public’s best interests at heart. And clearly both are better able to manage my income than I am.
These two are birds of a feather.
More and more the Romanian solution seems to be the only option…..
More and more the Romanian solution seems to be the only option…..
“Agriculture , Nutrition and Forestry”.
What’s the motivation for the Corzine family to give those senators over a billion dollars of their money they stole, again?
Corzine is knee deep in the MF Global scam – where select insider clients were tipped off about the bankruptcy allowing them to withdraw their funds in full before the collapse and leave the rest of MF’s customers with crumbs. The real story here is where the gold they were holding for clients went.
Do we see a pattern forming here with Pres. Barry Soetoro’s “Czars” and criminal entrourage? Insider gangsters who helped plunder the treasury for the Wall Street Banksters. Will we ever see the prosecution of the criminal cabals who have infested Washington for the past 30 years?
What’s truly incongruous is the sign in front of that lying fool in clip #2, identifying him as “Honorary”.
Corzine joins the long line of flacks in Obama’s stable: Ayres, Rev.(?)Wright, van Jones, Richard Trumpka, SEIU’s Andy Stern, Valerie Jarrett, Geithner, Rahm Emanuel, et al.
Most people are wise enough to know that it is prudent to judge people by the friends they keep. Not democrats.
Drum roll please, the big winner in the collapse of MF was, wait for it,————“George Soros”.
Now tell me with a straight face that you are surprised.
Invest with CONfidence with the corruptocrats!!
Why just stop at billions, when you can make trillions disappear…?
So now CDS is really an acronym for Customer Defrauding Swindle…
Great job guys, building CONfidence in the economy.
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
Google “corzine knew” and you’ll see Corzine was misleading the senate committee.
The MF collapse is the only argument I can see for keeping the CWB. Oh wait, they lost a third of a billion dollars of client account money.
I would recommend Canadian laws (and enforcement) that would see Corzine doing jail time in Canada (assuming Canadian accounts were also purloined). Would also be interesting to hear what Conrad Black ‘s assessment is.
Listening to Corzine speak with all his “ugh’s”, was more painful than hearing Porky Pig with his stutter…
Were they separated at birth maybe?
Corzine sure is good at “humble and contrite”. I guess his acting is bolstered by the knowledge that he’ll never have to pay for his malfeasance.
“Romanian solution”,sasquatch? Not a bad idea sometimes…
When anyone is involved in something like this it is prudent to ask if the individual knew what he was doing was wrong and did it anyway or had no idea that it was wrong and did it. If the former is true, he’s a crook; the latter, he’s stupid. Corzine is not stupid. He’s lying, he knows. He’s a crook.
It shouldn’t be too hard to work the first clip into several different campaign ads by whoever becomes the Republican Presidential candidate next year.
These two are birds of a feather.
Oh, oh, just came home and checked this thread and it appears that my Yourlink Internet provider had some issues this morning.
Sorry about that. The moderator could delete the repeats.
Crooks the lot of them. they remind me of the Adsam Liberals. Most of them got away as well.
The word of the week over at Zerohedge is “rehypothecation”. It’s explained this way:
Suppose you have a margin account with a broker. You “buy” $10,000 of stocks or commodities or something, but only put up $7,000 in cash. The remaining $3,000 is loaned to you by the broker “on margin”. In the US, the broker is entitled to use that margined amount of stock as collateral (“rehypothecation”) against loans the broker may take out for other purposes (like, say, making a huge bet on Euro bonds). Sounds fair, right? You owe the broker $3k, the broker owes someone else $3k, everything is square.
Except in the US, brokers are allowed to use 140% of the margined amount as collateral. So, if you have $3k on margin, the broker can borrow $5.2k against it. This enables the broker to control even more assets (“leverage”), and if they are guessing correctly, make pots of money. But that wasn’t enough for Corzine and his cronies at MF.
They, without telling customers, transferred thousands of accounts to Britain, where there is no 140% limit on rehypothecation. According to what I’ve been reading, there is NO statutory limit in the UK at all. This means the only limits on how many times a broker can pledge the SAME piece of collateral against different loans it takes out are 1) the size of their collective risk appetite (aka “balls”) and/or their stupidity, and 2) the credulousness/due diligence of the entities making the loans and/or their stupidity. It appears that the latter parts of these limits swamped the former. MF made a huge bet, using this purloined money, that the Eurozone crisis would be resolved, and that the sovereign bonds of the PIIGS, now selling at pennies on the dollar, would recover. Other, more wary people were only too happy to sell the bonds to MF; other, less cautious people were only too happy to lend MF the money to pay for them. When the bonds didn’t recover, and MF was asked to pay for them, the lenders discovered that not only was MF’s cupboard bare, but it had looted its customers’ accounts as well.
The big question here is why would Corzine do this? His reputed net worth was over $300,000,000. He’s in his 60’s. How many homes can he buy, how many cars can he drive, how many steaks can he eat? Did he feel left out because he wasn’t part of the “billionaire” club?
I’ve posted before that I have a pretty low opinion of the OWS protesters tactics, message, and “solutions”, but I sure as h*ll understand their anger. That someone with so much would rip off his own customers for no apparent reason other than to feed his ego would make me pretty mad; what’s worse is, thanks to his friendship (i.e. campaign cash) with Bambam, he’ll probably never serve a day in jail.
Romanian solutions, indeed.
‘thanks to his friendship (i.e. campaign cash) with Bambam, he’ll probably never serve a day in jail.
Romanian solutions, indeed.’ KevinB
Bingo!
Producers and elevators that used MF Global for future contracts on hard assets such as grain, hogs, cattle, etc. are really taking a financial hit:http:
//www.agweb.com/article/mf_global_collapse_hits_u.s._farms_hard_LN/