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MF Global collapses ?
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teeth53
Supreme |
14-Mar-2012 22:40
Yells: "don't learn through life, learn to grow with life " |
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As Greece's debt is more settled for now.   Goldman Sachs is making headlines news again for d wrong reason. http://money.cnn.com/2012/03/14/markets/goldman_sachs/index.htm?iid=Lead Smith -- who resigns as a Goldman executive director and head of U.S. equity derivatives business in Europe, the Middle East and Africa -- detailed the disintegration of the company's culture during his time there. teeth53 thot: Anyone wishes for advise?. Angmo style, Goldman Sach way...can see what happen to Greece. |
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teeth53
Supreme |
14-Mar-2012 22:21
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2012/03/14/markets/goldman_sachs/index.htm?iid=LeadA Goldman Sachs executive has resigned in a very public manner -- calling the firm " toxic" and disrespectful of its clients in a scathing op-ed piece published in Wednesday's New York Times." I can honestly say that the environment now is as toxic and destructive as I have ever seen it."An Anti-Goldman Sachs Op-Ed...And Resignation(Reuters) - A Goldman Sachs banker has launched a withering attack on the bank in a newspaper column announcing his resignation, saying that several managing directors at the Wall Street firm had ... More  »Departing Goldman banker slams " rip-off" cultureteeth53 thot: Oneself believe in Goldman Sachs, will be like Greece's believing in themself.
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alexchia01
Elite |
18-Dec-2011 20:12
Yells: "Catch The Stars And Ride With Them" |
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I think their Asia Operation is okay. Client Money and Company Money are separated. The money he used are their US clients one. I heard there are US traders losing all their money to this Fraud.
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victortan
Master |
18-Dec-2011 19:01
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Finally , you guy can get back your $$$, congra!!! me at first thought was gone case,   was sorry for my friend,    |
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teeth53
Supreme |
17-Dec-2011 13:32
Yells: "don't learn through life, learn to grow with life " |
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http://sg.finance.yahoo.com/news/MF-Global-prober-much-money-rsg-341654258.html?x=0 Commodity Futures Trading Commission's investigation said on Friday. CFTC Commissioner Jill Sommers, who heads up one of several probes of a massive shortfall in money that was supposed to be segregated for MF Global customers, said in a statement that " dozens of auditors, investigators and attorneys" are continuing to work on the case. But " subsequent transfers of those funds are currently being traced, and there is still a lot of work to do" before the CFTC will be in a position to identify the exact source of the shortfall and work to pay back customers, Sommers said. Most customers have already been paid back about 72 percent of the value of their accounts. MF Global filed for bankruptcy on October 31 after it was forced to reveal that it had made a $6.3 billion bet on European sovereign debt, spooking investors and customers. Regulators and others probing MF Global say a huge chunk missing, but they cannot agree on the amount. James Giddens, the court-appointed trustee liquidating the brokerage, has estimated the shortfall at $1.2 billion. Earlier estimates by other regulators pegged it at $600 million, while CME Group, MF Global's front-line regulator, has put it at between $700 million and $900 million. MF Global's former CEO, ex-New Jersey Governor Jon Corzine, resigned on November 4. In three days of testimony before three separate Congressional panels, he has said he does not know what happened to the missing money. |
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teeth53
Supreme |
11-Dec-2011 08:01
Yells: "don't learn through life, learn to grow with life " |
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http://business.financialpost.com/2011/12/09/mf-global-judge-approves-2-2-billion-transfer-to-customers/ U.S. Bankruptcy Judge Martin Glenn on MF Global Inc.’s customers can get another $2.2-billion distribution, allowing them to recover 72% of what they lost when the brokerage failed. Most of the transfers will go out in the next few days, though some will take two to four weeks, James Kobak, a lawyer for Giddens, told Glenn. “Suspicious transactions” in the days before the brokerage’s parent filed for bankruptcy, and the shortfall in the brokerage’s segregated customer accounts may still be $1.2 billion. |
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teeth53
Supreme |
09-Dec-2011 23:04
Yells: "don't learn through life, learn to grow with life " |
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One and oni thing he know is....money is...his wealth $$$. | ||
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teeth53
Supreme |
08-Dec-2011 21:54
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2011/12/08/news/companies/corzine_mf_global/index.htm?iid=Lead MISSING CASH: 'DON'T KNOW'
Jon Corzine, former CEO of bankrupt MF Global, apologized for the failure of his company and said  " I don't  know where  the money in... 8:06AM: Ex-MF Global CEO Corzine apologizes for firm's failure in prepared testimony for House panel.  More |
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teeth53
Supreme |
06-Dec-2011 22:53
Yells: "don't learn through life, learn to grow with life " |
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Just for sharing latest info. The $1.2 billion question: What happened to the customer money at MF Global? http://money.cnn.com/2011/12/06/news/companies/mf_global_money/index.htm?iid=Lead 6:26AM: Jon Corzine summoned to appear before Congress, amid search for missing $1.2 billion.  More
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bsiong
Supreme |
22-Nov-2011 09:34
Yells: "The Greatest Wealth is Health" |
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Turk - MF Global Disaster to Create Another Lehman Crisiskingworldnews.com “So the contagion is the first reason for concern.  The second reason for concern is it’s taking so long for them to find this so called missing money, which I find shocking.  It’s been three weeks now since the MF Global bankruptcy was declared and they started talking about $600 million of missing funds.  
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coalportal
Member |
13-Nov-2011 22:43
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Hi All! This is such an amazing thread. Feel free to visit my site to learn about coal industry and coal market news. http://coalportal.com
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teeth53
Supreme |
13-Nov-2011 21:11
Yells: "don't learn through life, learn to grow with life " |
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http://www.reuters.com/article/2011/11/11/us-mf-global-asia-f-idUSTRE7AA2FV20111111 (Reuters) - MF Global's (MFGLQ.PK) liquidators are struggling to sell the Asian business as one concern because of problems unwinding trading positions, so they may now sell the various country units separately. |
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teeth53
Supreme |
13-Nov-2011 13:34
Yells: "don't learn through life, learn to grow with life " |
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MF Global bust erodes trust in brokeragesNEW YORK - Almost two weeks after the bankruptcy of commodities firm MF Global, customers at rival firms are all asking the same question: How safe is my money?  Full  Article 
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teeth53
Supreme |
12-Nov-2011 21:42
Yells: "don't learn through life, learn to grow with life " |
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http://sg.finance.yahoo.com/news/MF-Global-fires-brokerage-rsg-1858070727.html?x=0 MF Global fired all 1,066 of its brokerage employees on Friday, triggering anger and resentment about the firm's collapse after bad bets on European debt under former CEO Jon Corzine's leadership. How the abrupt, final blow was delivered....and How all clients will be...Die now and or  later, oso hav to die  - Be prepare for the worst. |
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baberic
Senior |
09-Nov-2011 09:33
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LHK is the problem.  His backside is growing bigger while his tummy is expanding!  | ||
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teeth53
Supreme |
08-Nov-2011 00:10
Yells: "don't learn through life, learn to grow with life " |
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On Greece, now that both politician (main players) has had help each others from fallen into abysses. They survive and yet the fight remain to be seen, till Feb 19 after...This man. Mr  Papa can earn much more outside politic, given his much experience trouble shooting to save Greece.  http://sg.news.yahoo.com/parties-agree-early-greek-elections-date-030158513.html |
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teeth53
Supreme |
07-Nov-2011 17:30
Yells: "don't learn through life, learn to grow with life " |
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teeth53 thot: Anyone wishes for advise?. Angmo style, Goldman Sach way...can see what happen to Greece. Don blame Greek nor pointing finger at...Greece is a victim by itself by believe in Angmo Goldmans Sach style, Greek is itself like it that way, run it in that particular fashion, by Greece leaders in a bid to join Euro. European Union, Global Investors?We're All Fed up with Greece! In all, it is Goldmans Sach job paid to do it that way. so again I ask this same question. Anyone wishes for advise?. Angmo style, Goldman Sach way...can see what happen to Greece.   |
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krisluke
Supreme |
07-Nov-2011 16:57
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krisluke
Supreme |
07-Nov-2011 16:30
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teeth53
Supreme |
07-Nov-2011 15:36
Yells: "don't learn through life, learn to grow with life " |
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When one is  over  d hill and once  belong to  a very big battleship, what happen is?...this can happen. Jon Corzine, a former chief of Goldman Sachs, characterized his abrupt departure, he once joked as " too small to care about" . Now - MF Global's  seeking bankrupt protection triggered steep declines in stks of other financial companies, such as Morgan Stanley and investment bank Jefferies Group Inc.   |
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