Did You Know...

   

‘Show Us the MF Money’ Part II: Latest Round of Corzine Congressional Testimony

Share
By Doug Powers  •  December 13, 2011 01:35 PM

**Written by Doug Powers

Yet another day of “Occupy Congressional Hearing” for former MF Global CEO & Joe Biden phone-a-friend economic advice lifeline, Jon Corzine. C-SPAN 3 is carrying the hearing live.

From USA Today:

WASHINGTON – Jon Corzine has told a Senate panel that he never told anyone to “misuse” customer money that vanished when MF Global collapsed this fall.

An estimated $1.2 billion in client money is missing. Senators are demanding Corzine and two other executives at the securities firm explain who authorized the transfer of money in the days before the firm collapsed in the eighth-largest bankruptcy in U.S. history.

“I never gave any instruction to anyone at MF Global to misuse customer funds,” Corzine testified at a hearing of the Senate Agriculture Committee on Tuesday.

Corzine, a former Democratic New Jersey senator and governor, resigned as CEO of the securities firm last month.

Bradley Abelow, the firm’s president and chief operating officer, and Henri Steenkamp, the chief financial officer, also tried to distance themselves from any decision to transfer the money at the hearing.
[…]
All three witnesses said that they don’t know where the money is.

Yet their testimony varied in subtle ways. Corzine said he did not direct anyone to misuse the money. Abelow said he does not recall directing anyone to divert the money. Steenkamp said clearly that he did not “authorize, approve or know of any transfers of customer funds” out of their accounts.”

Wow. It’s like asking my kids what happened to the $1.2 billion worth of cookies that were in the jar.

Meanwhile, the RNC is seizing the day:

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus
Posted in: Corruption,Politics

Why Hillary’s private server existed, example #4,204: It’s good ta be da Clintons!

July 30, 2015 08:42 AM by Doug Powers

drebin1

Mountain of coincidences grows

House Dems find perfect committee replacement for indicted Rep. Fattah

July 29, 2015 08:55 PM by Doug Powers

fattah

Passing the ethics baton

Hey AP, you spelled ‘Democrats’ wrong in this story about foundering O-care state exchanges

July 27, 2015 07:54 PM by Doug Powers

trainwreck

Blaming “taxpayers” for the epic fail

Hillary announces vision for America: Make EVERY home a Solyndra home

July 26, 2015 10:15 PM by Doug Powers

obamahillary

Continuing, and increasing, the cronyism legacy

Hillary trots out a new scapegoat for email shadiness: Global warming

July 24, 2015 12:59 PM by Doug Powers

hillarychillin

From “just chillin” to “heat is getting to everybody” overnight


Categories: 2016 Campaign, Corruption, Democrats, Hillary Clinton

Follow me on Twitter Follow me on Facebook