Report: Missing Funds From Corzine's MF Global Said To Be Found

[warrior1]

http://livewire.talkingpointsmemo.com/updates/1655

Bloomberg reports that $658.8 million in missing funds from Jon Corzine’s MF Global firm have been located in a custodial account at JP Morgan and Chase.

[Atman]

1. I thought you were going to say "In a steamer trunk under his bed."

:shrug:

.

[closeupready]

2. Then, they weren't 'missing', were they? I don't get it.

Who said they were missing in the first place if they hadn't first checked all the associated accounts? I mean, did anyone ask Corzine?

[warrior1]

3. miss place

That's very scary.

[banned from Kos]

4. It was shameful the way Due Process hating "liberals" rushed to convict Corzine

really shameful.

That said - Corzine did run the firm into the ground with his long bet on Euro-bonds.

[Kaleko]

6. The shame is all yours.

Earlier this week, an MF Global executive admitted to a federal official that they had used customers' money.

Read more:
http://www.businessinsider.com/mf-admits-to-using-clients-money-federal-official-says-2011-11

What about admitting to a crime don't you understand?

On second thoughts, no need to answer that.

[banned from Kos]

7. I know this business and you will end up forlorn and wrong again.

Still wanting a supporter of President Obama wrongfully convicted.

Co-mingling funds? He will lose his license at the worst.

[Kaleko]

8. You're in effect saying that an Obama supporter like Corzine won't be criminally convicted.

And about that much you may be right.

Corruption has become the norm throughout the business you purport to know so much about.

[Name removed]

9. Deleted message

Message removed by moderator. Click here to review the message board rules.

[girl gone mad]

10. No bankster is too corrupt or sleazy for you.

[Kaleko]

5. Not so.

Misinformation according to this article:

UPDATE: JPMorgan Denies That It's Holding The Missing MF Millions

Read more: http://www.businessinsider.com/found-the-missing-mf-millions-in-an-account-at-jp-morgan-2011-11#ixzz1cldw4KZ5