tag:blogger.com,1999:blog-5724181159639068489.post4129494181901280269..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs--The Bully of Wall StreetRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5724181159639068489.post-25286415117955939952011-11-04T15:41:08.400-04:002011-11-04T15:41:08.400-04:00Friday, November 4, 2011
Could MF Global Be The Le...Friday, November 4, 2011<br />Could MF Global Be The Lehman/AIG Event Trigger?<br /><br /> Segregated reserve bank accounts under SEC Rule 15c3-3: The SEC Act of 1934 requires broker dealers to maintain "special reserve bank accounts" strictly for customers which are separated from the broker dealer's own accounts.<br /><br />First off, I just want to say that if Jon Corzine does not see jail time over this then our system is seriously corrupt and fraudulent and we're all a bunch of lifeless serfs if we don't join the Occupy movement to protest the raping and pillaging our country by a select few. That's the bottom line.<br /><br />The brokerage accounts of MF are being moved to several different brokers who are presumably on sound financial footing. Here's the problem: it looks like there must be some missing collateral associated with those customer accounts to the tune of about $1 billion:<br /><br /> Call it the mother of all margin calls: Up to 50,000 former customers of bankrupt broker MF Global must post some $1 billion in additional collateral to new brokers almost overnight, or be forced out of their trades.<br /><br />http://truthingold.blogspot.com/2011/11/could-mf-global-be-lehmanaig-event.htmlMaster Blaster runs bartertownnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-12154949867442687012011-11-04T15:25:13.079-04:002011-11-04T15:25:13.079-04:00CFTC Update on the Investigation Into Manipulation...CFTC Update on the Investigation Into Manipulation of the Silver Market In Progress Since 2008 <br /><br />http://jessescrossroadscafe.blogspot.com/2011/11/cftc-update-on-investigation-into.htmlDisgracefulnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-1397405299453932822011-11-04T09:31:43.961-04:002011-11-04T09:31:43.961-04:00TSF TAVAKOLI STRUCTURED FINANCE, INC.
Credit Deri...TSF TAVAKOLI STRUCTURED FINANCE, INC.<br /><br />Credit Derivatives and Leverage Sank Jon<br />Corzine’s MF Global<br /><br />Credit Derivatives and Leverage Sank Jon Corzine’s MF Global<br />“Repo to Maturity” Transactions Are in Substance Total Return Swaps, a Type of Credit Derivative.<br />Fallout Is Worse Than Lehman For the Exchange-Traded Futures Markets.<br /><br />MF Global Admitted “Diverting” Money from Segregated Accounts<br />What isn't usual is diverting money from segregated customer accounts. It’s too late to blame<br />“sloppiness, bookkeeping, or accounting,” MF Global admitted it “diverted” money from customers’<br />segregated accounts.<br />The fact that MF Global was exposed to default risk and liquidity risk because of its “repo-to-maturity”<br />transactions and that the risk was- linked to European sovereign debt was disclosed in MF Global’s 10K<br />for the year ending March 31, 2011, a required financial statement filed with the SEC. The CFTC and<br />other regulators had the information right under their noses, but it appears they didn’t understand<br />that they were looking at a leveraged credit derivative transaction that could lead to margin calls that<br />MF Global would be unable to meet.<br />Even if all the money can eventually be recovered, it doesn’t change the fact the MF Global took<br />impermissible steps.<br /><br />http://www.tavakolistructuredfinance.com/MFG.pdfThe regulators sucknoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-66098379738305960122011-11-04T07:52:28.089-04:002011-11-04T07:52:28.089-04:00Yep, Lloyd Blankstein and the goldman boys really ...Yep, Lloyd Blankstein and the goldman boys really have got the system woked.<br /><br />@d57fd9d9ea2d717099cb9e9f32ad1d93 :<br />http://truthingold.blogspot.com/2011/11/just-another-in-our-corrupt-paradise.html<br /><br />Thanks for the link<br /><br />Emma<br />http://americanbitchinlondon.comEforeragonnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-86546291737621662182011-11-03T22:35:26.099-04:002011-11-03T22:35:26.099-04:0016 Arrested in March on Goldman Sachs
“The bankin...16 Arrested in March on Goldman Sachs<br /><br />“The banking system has been shot through with greed,” said West, a <br />professor at Princeton University. He marched arm in arm with several <br />protesters, whom he referred to as his “brothers and sisters.” Some <br />protesters held signs that read “Out of Your Ivory Tower” and “Don’t <br />Feed the Bull.”<br /><br />Reverend Billy, dressed in his signature white suit, called the <br />Occupy movement “real, physical, actual hope,” and he blamed President <br />Barack Obama for “drain[ing] all meaning from the word ‘hope.’” Talen <br />added: “He’s no less corrupt than George Bush. He’s been unable to <br />regulate these people,” referring to financial institutions.<br /><br />http://blogs.wsj.com/metropolis/2011/11/03/16-arrested-after-protesters-march-on-goldman-sachs/?mod=google_news_blogDivine intervention requestednoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-49529198749389911822011-11-03T21:09:54.114-04:002011-11-03T21:09:54.114-04:00http://www.youtube.com/watch?v=Smqh7EemSXYhttp://www.youtube.com/watch?v=Smqh7EemSXYChoose42noreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-24712242172170682592011-11-03T12:48:30.566-04:002011-11-03T12:48:30.566-04:00Just Another In Our (Corrupt) Paradise
Hopefully,...Just Another In Our (Corrupt) Paradise<br /><br />Hopefully, if there is a hell, Jon Corzine will burn there. A good friend of mine back in NY who is plugged into the Wall Street "whisper" news affirmed that the scuttlebutt about the real number in the MF Global missing funds case is $1.5 billion, not $700 million. Not only that, but that the internal control systems had been designed to prevent regulators from detecting the illegal activity. This means that both Corzine and the CFO should go down hard. Unfortunately for the CFO, he was never CEO of Goldman Sachs or Governor of New Jersey, so he will likely go down in flames while Corzine skates away in shame because of this hidden code in our system: "when you see money flowing to those who deal, not in goods, but in favors." <br /><br />http://truthingold.blogspot.com/2011/11/just-another-in-our-corrupt-paradise.htmlMore of the samenoreply@blogger.com