Jon Corzine and the executives of MF global robbed their clients and the government is allowing them to get away with it.
Where is the accountability? Lost in technicalities? The bottom line is that clients sent in their money, MF globals executives stole it, and they now claim they don't know what happened. Of course, they are lying.
That would be like everyone in this forum meeting me at a hotel for an investment pitch and giving me 100 clownbucks to invest, totaling, say, $2000. I open my empty wallet and put the $2000 in there in plain site of everyone.
Then, someone feels uneasy about the investment and asks for their $100 back. I say, "Sorry. I don't have your money." The other party says, "Sure you do. There's $2000 in your wallet that we just gave you." I say, "No, that's my salary and bonus. Sorry. I don't know where your money is. Good luck!"
Then, the government backs me up because I'm in their clique in this imaginary story, but that's basically what happened, GZ. The MF Global executives, led by a thief and liar, Jon Corzine, stole their money. It was all nice and legal. -nfg-
The alarming part of this crime is wondering about who will it happen to next? One of us? All of us?
What if you have a large sum of money invested and suddenly you are told, "Your account balance is $0. You also owe us $238 for having a zero balance." What would you do? It's all nice and legal. What would your recourse be? Sure there's the legal route, but there's a good chance it would not work. What then? |
