Bloomberg: 0800

Questioned by senators he once served with, Jon Corzine told a panel Tuesday that he never told anyone to “misuse” customer money that vanished when MF Global collapsed this fall.

Reuters: 0900

The information is fourth-hand but is the strongest statement yet from a regulator that Corzine may have personally known customer funds were diverted for firm use.

An unbelievable estimated $1.2 billion in client funds are missing. Gone south with the birds and probably never to be seen again.

Here is a guy, Corzine that was a New Jersey senator and governor, finally decided it was in his best interest to resign as CEO of the securities firm last month. This is what thieves do. When the heat is turned up they get out of the kitchen.

Thus a prime example of what I said the other day. “How do you know when a politician is lying”? “When his mouth is open”.

His partners in crime Bradley Abelow, the firm’s president and chief operating officer, and Henri Steenkamp, the chief financial officer, elected to go hide under a log somewhere so they were not available for questioning. Should we expect anything different?

While the beat up investors of  MF Global are scratching their heads wondering which direction to go in order to survive, these bandits are lying their asses off while they are trying to figure out how to split up all that mulla they commandeered.

As long as these corporate gangsters get to walk away from these situations with no consequences there is never going to be any accountability.

Based on all of the corruption going on in the world, it is quite possible that the people that are trying to prosecute them are shacking up with the crooks and are just putting on a performance waiting for their kick back. You never know.

Put them all on bread and water for a couple of months in solitary confinement, introduce them to Buba and maybe their memories will be revived as to where the stashed  the loot.

“You can’t hold me, I have friends in high places”