As Day In Court Looms, Corzine Tries To Settle MF Global Fraud For Just $5 Million

Ah yes, Mr. Corzine. We haven’t seen much of you these days. Of course we didn’t summer in the Hamptons this year.

$5 million is slightly more than a speed bump for Mr. Corzine. But just barely.

Here’s a little refresher on what happened at MF Global.

(From Zerohedge)

Five years after MF Global’s collapse after big, levered bets on European bonds blew up leaving a $1.6 billion shortfall in customer funds,

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What Clinton said in her paid speeches, ‘She sounded more like a Goldman Sachs managing director.’

Hillary and former Goldman Sachs CEO and disgraced financier John Corzine. Photo: Truthdig

The speeches are starting to leak out. I wonder what she said when she addressed other banks? I wonder what Bill Clinton said in his speeches? That would be pretty interesting.

Hillary and Robert Rubin. Former Co-Chairman of Goldman Sachs
Hillary and Lloyd Blankfein, current CEO of Goldman Sachs


(From Politico)

“I don’t know how she does it,

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And now a clip of Bernie Sanders taking Hillary Clinton to task (at the debate) for the $600,000 she’s taken from Goldman Sachs in the past year (VIDEO)

We have no horse in the presidential race as we often say but we sure have an issue with Government Sachs, the bank which long ago should have died but was saved by virtue of its connections in government. (Not the only bank.) The bank then, post-2008 went on to expand further around the world all fresh and “recapitalized.” (Recapitalized with your money.)

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Our Corporatist President: Obama gives a shout out to crony companies in SOTU speech

Obama knows in the end who butters his bread. Obama loves him some corporations and he gave a nod to a few last night. But in the State of the Union Address the president failed to mention many of the other companies which have shown him favor and which his administration has smiled upon.


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Civil Fines for Corzine, No Criminal Charges Most Likely

King Corzine has had his crown more than dented. The former Goldman Sachs CEO, Governor of New Jersey, and Senator is no longer a candidate for the Treasury job as he was in the fall of 2011. His brand is tarnished. His legacy bruised. But it looks like he won’t be going to jail.

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How a Secret Mortgage Settlement with the Banks Actually Saves the Banks Billions

The big banks and the government have become one. Regulation has been completely captured and now banks and government do what is little more than a PR dance for the public whenever anything goes wrong.

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Goldman Sachs Takes Over the Bank of England

Technically one of their alums is taking over the Bank of England, Mark Carney, but it is pretty clear that the “vampire squid” now holds sway over nearly the entire European banking system.

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Goldman Sachs Tells Washington What To Do – Again

You will recall how a former CEO of Goldman Sachs, Hank Paulson, ran the Crash of ’08 as Bush’s treasury secretary by getting an ethics waiver so that he could talk almost every day with Lloyd Blankfein, CEO of Goldman Sachs.

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