Browsing articles tagged with " mf global"

I Found Jon Corzine!

Dec 6, 2011
J. Webster
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These days everyone and their mother is looking for MF Global CEO Jon Corzine. Well, search no more, I've found him holding up a sign protesting Newt Gingrich believe it or not. As you can see, he's done a full reversal, instead of making huge losing leveraged bets on European debt he's now protesting corporate greed and excess. I love the peace necklace he's wearing. It's a nice touch. This is quite a disguise he's worked up. Reuters

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Jon Corzine Found, MF Global Money Still Missing

Nov 23, 2011
J. Webster
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Really, what was found was the back of Jon Corzine's head as he goes into his apartment and then we get a glimpse of the beard and his face for a second as he enters the elevator. Yeah, he was found but this could easily be just a stunt double. FBN, that's Fox Business News for those uninitiated with the greatest business news source in the world (sarcasm), has the story below. But where is the MF Global money? Was that in Corzine's pocket? The missing MF Global customer money has gone from $633 million to $1.2 billion to

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Governor Jon Corzine Dealt with Lehman Brothers Then Got Wasted

Nov 22, 2011
J. Webster
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CNBC's Gary Kaminsky goes back to the SALT conference that Jon Corzine attended in May, in which the former MF Global leader discussed the collapse of Lehman Brothers and what it was like to have a frozen account or not having access to cash in a money market. Corzine talks about how he dealt with Lehman Brothers and then went and got drunk. This would be of course when Corzine was the Governor of New Jersey. I wonder what his choice of beverage was? What did the poor man do when MF Global collapsed...?

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Leveraged Up the Wazoo, Corzine Gets His Come to Jesus Moment

Nov 1, 2011
J. Webster
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Why is it so terribly interesting to read about the downfall of a firm on Wall Street? In this terribly good story in DealBook about the collapse of MF Global, we learn how incredibly leveraged up MF Global was on risky European debt and how Jon Corzine thought he could manage those come to Jesus moments when things go bad.
“Until you’ve actually traded and had to deal with one of those come-to-Jesus moments with a bad position,” he said, “and you have to make the decisions about whether to eliminate it, hold it, reduce it — those kind

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Occupy Wall Street: Welcome Governor Corzine

Nov 1, 2011
J. Webster
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A friendly protester down at Occupy Wall Street was kind and savvy enough to welcome former governor and Goldman Sachs chief Jon Corzine to Occupy Wall Street. Corzine of course was the CEO of MF Global, which just went bankrupt and regulators aren now saying failed to protect its customers' money. In fact, over $700 million is missing. Yes, missing. Getty

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$700 Million Gone Missing at MF Global

Nov 1, 2011
J. Webster
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If you need any more evidence as to why people are protesting the behavior on Wall Street, look no further than MF Global, the firm run by former New Jersey Governor Jon Corzine and Goldman Sachs chief. I'm guessing Corzine is shaving off his famous beard and going into hiding. And yes, it's another firm run by someone who worked at Goldman Sachs - the so called vampire squid. MF Global is going through bankruptcy but now $700 million has gone missing. Details from DealBook:
The discovery that money could not be located might simply reflect sloppy internal controls

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Jon Najarian’s Gutsy MF Global Trade

Oct 26, 2011
J. Webster
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CNBC's Fast Money regular and co-founder of OptionMonster.com, Jon Najarian, made a very gutsy trade in MF Global today. The stock was said to be on the verge of complete collapse when he stepped in to make the trade. Talk about buying stocks when there's blood on the streets, this was one of those cases. After a poor earnings release due to weaker-than-expected trading revenue and fears about the company's exposure to European debt (rumored to be upwards of $6 billion), the stock plummeted. Yes, the entire market cap for the company wasn't even worth $1 billion a few days

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