As for Corzine, and other thieves, tell me of a single one that has been prosecuted? None. What happened to those 20,000 bankers that resigned? What happened to the head of Goldman Sachs that resigned? They disappeared but no court action against any of them. It was a ruse to get us to back off of the bankers, on the prayer and hope that the system would work. WELL, IT DIDN'T, IT WON'T AND NEVER WILL IF WE GLOBALIZE. Now THAT, you can take to one of their scummy banks.
Now you know why you must never go into the markets for your investments and retirement. Invest in hard assets, or go directly to the company to buy shares and never trade through the brokerage houses. That is like giving your money to "THE MAN". without receiving anything in return. The brokerage houses are owned by the same crooks who own the Fed Reserve that has stolen all our gold.
As the US is hell bent on hanging the ‘traitor’ Assange (VN: See what I mean? This is all just a game they play with us to keep us entertained so we won't really go after those who need gone after) authorities have announce they will not prosecute MF Global for stealing $1 billion in client funds.
The warning, stemming from a recent federal appeals court ruling surrounding customer funds lost during the 2007 collapse of Chicago futures broker Sentinel, indicates that individuals who lose deposited funds because a financial institution improperly manages that money, even if those funds are supposed to be “segregated” from other operations of the firm, are essentially left with no recourse if the firm goes belly-up. According to the court, a misallocation of those customer funds, “is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”
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US Will Not Prosecute Corzine’s $1 Billion+ Theft Of Client Funds
Posted by Alexander Higgins - August 16, 2012 at 5:32 pm ;Permalink - Source via Alexander Higgins Blog< style="background-color: white; border: 0px; font-family: Verdana, Geneva, sans-serif; line-height: 1; margin: 0px 0px 0.6em; padding: 0px; vertical-align: baseline;">
As the US is hell bent on hanging the ‘traitor’ Assange (VN: See what I mean? This is all just a game they play with us to keep us entertained so we won't really go after those who need gone after) authorities have announce they will not prosecute MF Global for stealing $1 billion in client funds.
If you haven’t heard the news MF Global and Jon Corzine will not be prosecuted for stealing over $1 billion in client funds:
Lehman? Meh.The Squid? *pfft*AIG? Fuggetaboutit.This MF Global thing is noise level by comparison.Via: Atlantic Wire:Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.Source: Cryptogon
Of course, those who keep up on the news aren’t suprised by this because not only do we not prosecute Wall Street crooks our courts just made it legal for banks to steal customer deposits at will to pay off their debt:
Warning: Get Your Money Out: ‘All Legal Bank Deposit Protections Are Now Officially Gone’ (VN: Remember, laws were passed that allows the brokerage houses to become banks. So they want you to pull from small local banks and state banks, so the brokerage houses can buy them up for pennies on the dollar. So if you do the pull out from banks, PULL YOUR MONEY OUT OF NATIONAL AND INTL BANKS AND REDEPOSIT IT IN LOCAL COMMUNITY BANKS, STATE BANKS AND CREDIT UNIONS. SAME WITH YOUR CREDIT CARDS. CANCEL THEM AND REINSTATE THEM WITH THE SMALL LOCAL BANKS. Then the big banks will go under and the small banks will be saved SO THE GOLDMAN SACHS OF THE WORLD CAN'T BUY THEM UP FOR PENNIES ON THE DOLLAR.)
Federal Courts explicitly rule banks can steal your deposits to pay down their down their debt and you have no legal recourse if the bank fails. (VN: Like I said, put your money in the small banks protected by the state and local officials)
Former money manager Ann Barnhardt, who in November of 2011 made the decision to cease operations of her brokerage firm and return funds to her customers citing “systemic” problems within the entire financial industry, has issued a new warning about the stability of US banks and the safety of individual deposit accounts.
The warning, stemming from a recent federal appeals court ruling surrounding customer funds lost during the 2007 collapse of Chicago futures broker Sentinel, indicates that individuals who lose deposited funds because a financial institution improperly manages that money, even if those funds are supposed to be “segregated” from other operations of the firm, are essentially left with no recourse if the firm goes belly-up. According to the court, a misallocation of those customer funds, “is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”
The implications of the ruling, according to Barnhardt, will affect the monies of all private individuals who have seen their deposit accounts wiped out in the collapse of firms like John Corzine’s MF Global and put all deposit account holders in the country at risk should their bank be faced with a financial windstorm:[...]
Which brings us to the question of Assange Vs Corzine:
Assange Or Corzine?Submitted by John Aziz of AzizonomicsPriorities are a bitch.The United States won’t prosecute Corzine for raiding segregated customer accounts, but will happily convene a Grand Jury in preparation for prosecuting Julian Assange for exposing the truth about war crimes. (VN: see? You can't believe anyone anymore.... John Aziz is either naive or a puppet. Assange has been proven to be a disinfo agent for Israel and vets all his stuff through Israel and Hillary Clinton at State. That is why he NEVER DISCLOSES ANYTHING BAD ABOUT ISRAEL, AND is still free, healthy and running around the globe living like royalty while manning rots and is tortured in prison.)From the New York Times:A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.Corzine is considering opening a new hedge fund, though the notion that anyone — even a slack-jawed muppet happy to buy whatever Goldman ‘s prop traders want to sell — would seed Corzine money so he can trade or steal it away seems absurd — rather like putting a child molester in charge of a day-care.But nobody knows how much dirt Corzine has on other Wall Street crooks. Not only may Corzine get away with corzining MF Global’s clients’ funds, he may well end up with a whole raft of seed money to play with from those former colleagues and associates who might prefer he remain silent regarding other indiscretions he may be aware of.Butthe issue at hand is the sense that we have entered a phase of exponential criminality and corruption. A slavering crook like Corzine whostole $200 million of clients’ funds can walk free. Meanwhile, a man who exposed evidence of serious war crimes is for that act so keenly wanted by US authorities that Britain has threatened to throw hundreds of years of diplomatic protocol and treaties into the trash and raid the embassy of another sovereign state to deliver him to a power that seems intent not only to criminalise him, but perhaps even to summarily execute him. The Obama administration, of course, has made a habit of summary extrajudicial executions of those that it suspects of terrorism, and the detention and prosecution of whistleblowers. And the ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on unpunished.Source:Zero Hedge
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