Smoking Gun on Corzine and MF?

Posted on March 25, 2012 by Brent Nyitray

Apparently the government thinks so…

Wow, Jon.  You had it all, money and power. And threw it away.

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3 Responses

  1. jnc4p, on March 25, 2012 at 2:02 pm said:

    Impressive the amount of hubris it takes to testify before Congress to the opposite of that.

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  2. jnc4p, on March 25, 2012 at 2:15 pm said:

    Worth a read:

    “At CIA, a convert to Islam leads the terrorism hunt
    By Greg Miller, Published: March 24”

    This in particular caught my attention:

    “A second proposal from the CTC chief, a year or so later, had even greater impact.

    “He came in with a big idea on a cold, rainy Friday afternoon,” said a former high-ranking CIA official involved in drone operations. “It was a new flavor of activity, and had to do with taking senior terrorists off the battlefield.”

    The former official declined to describe the activity. But others said the CTC chief proposed launching what came to be known as “signature strikes,” meaning attacks on militants based solely on their patterns of behavior.

    Previously, the agency had needed confirmation of the presence of an approved al-Qaeda target before it could shoot. With permission from the White House, it would begin hitting militant gatherings even when it wasn’t clear that a specific operative was in the drone’s crosshairs.

    Roger’s relentless approach meshed with the Obama mind-set. Shortly after taking office, Obama met with his first CIA director, Leon E. Panetta, and ordered a redoubled effort in the fight against al-Qaeda and the search for the terrorist group’s elusive leader.

    From 53 strikes in 2009, the number soared to 117 in 2010, before tapering off last year.”

    http://www.washingtonpost.com/world/national-security/at-cia-a-convert-to-islam-leads-the-terrorism-hunt/2012/03/23/gIQA2mSqYS_story.html

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  3. markinaustin, on March 26, 2012 at 7:24 am said:

    Brent, this may get Corzine off the hook, no?

    E-Mail to Corzine Said Transfer Was Not Customer Money

    Jon S. Corzine, the former chief executive of MF Global, was told during the brokerage firm’s final day of business that a crucial transfer of $175 million came from the firm’s own money, not from a customer account, according to an internal e-mail.

    The e-mail, sent by an executive in MF Global’s Chicago office, showed that the company had transferred $175 million to replenish an overdrawn account at JPMorgan Chase in London. The transfer, the e-mail said, was a “House Wire,” meaning that it came from the firm’s own money. The e-mail, sent at 2:20 p.m. on Oct. 28 to Mr. Corzine and two of his assistants in New York, says the transfer came from a “nonseg” account, industry speak for a noncustomer account.

    But the e-mail, a copy of which was reviewed by The New York Times, did not capture the full story behind the wire, which turned out to contain customer money. MF Global employees in Chicago had first transferred $200 million from a customer account to the firm’s house account, people briefed on the matter said. Once it was in the firm’s coffers, the people said, Chicago employees then promptly transferred $175 million of the money to the MF Global account at JPMorgan in London – the account that was overdrawn.
    DEALBOOK »

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