Monday, October 31, 2011

Expect an Apology from Former Goldmanite Jon Corzine

Jon Corzine, the former Goldman Sachs CEO and former New Jersey governor, has just blown up the  MF Global hedge fund. He was betting that banksters holding EuroZone paper would be bailed out by EZ governments, and that may still occur. Former Goldmanite Mario Draghi takes over as head of the European Central Bank tomorrow, bit its too late for Corzine.

Writes a trader friend:
Expect an apology from Corzine, simliar to 2007.You may laugh, but it was Corzine's disregard for safety -- not to mention the law -- that also resulted in him taking far too much risk, leading to current bankruptcy of MF Global 
 What happened in 2007? Here's how NYT reported that apology:

 Gov. Jon S. Corzine is really, really sorry that he was not wearing a seat belt when the sport utility vehicle he was riding in hurtled into a guardrail on the Garden State Parkway


  1. You have to be "sorry" in order to be considered viable to run the next ponzi scheme...otherwise it's all too insincere to attract investors.

  2. The terrorist Corzine was counting on his fellow terrorists to steal from the tax livestock...Yeah...I bet the filthy animal is sorry...LOL!

  3. Gotta love that a Federal Reserve Primary Dealer bit the dust.