Monthly Archives: December 2011

Is Corzine cooked? When did he find out and what did he do when he found out?

MF Globals Jon Corzine testifying under oath said he was not aware that customer segregated funds were removed and transferred out of customer accounts prior to the Oct 30th, 2011 bankruptcy filing. Some are making a big deal of CME executive … Continue reading

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European Crisis – Lets get on with it

Now that European leaders convince themselves that they have cobbled together a pact to save the Euro and Europe itself, it will only be a matter of time until the crisis resumes. Germany has lost its power and has basically … Continue reading

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Americans slumber while MF Globals Jon Corzine goes before the U.S. House of ill Repute

MF Globals Jon Corzine is going before a U.S. House of Representatives committee to explain how he bankrupted MF Global Holdings Ltd. This is the most serious collapse of a futures trading house on record. It further highlights the holes in the … Continue reading

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European Banks on Verge of Collapse.

In a blatant attempt to stave off another European bank failure, the U.S Federal reserve and 6 other western central banks joined forces to cut the cost of emergency U.S. dollar lending rates and swap rates for European banks. It … Continue reading

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