Liberalism: Do You Agree We've Had Enough of It? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kenneth E. Phillipps who wrote (128532)	4/1/2012 1:34:46 PM
From: Hope Praytochange	1 Recommendation of 224728

SILENCE, THEN FRUSTRATION AT MF GLOBAL HEARING Top MF Global executives and their lawyers have been meeting with federal authorities investigating the collapse of MF Global and the firm’s misuse of customer money, Ben Protess and Mr. Ahmed reported. Edith O’Brien, an assistant treasurer of MF Global, continued her silence and standoff ensued as lawmakers hurled pointed questions. “I appreciate your consistency in having nothing to add,” Representative Michael E. Capuano, a Massachusetts Democrat, said to the witnesses. Some MF Global employees were aware of a shortfall in the firm’s customer accounts days before filing for bankruptcy on Oct. 31. Laurie Ferber, MF Global’s general counsel, broke her five-month silence. Jon S. Corzine 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.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next