The Collapse of MF Global

But it helps the landlord remain profitable, doesn't it? And if every tenant in his apartment complex were paying their rent with embezzled money every month, he would still be very profitable and would probably be considered one of the highest performing, most respected landlords in the business.

 

Given the number of fines already levied against Chase during the Dimon jubilee, Corzine's really more like a thief using stolen funds to pay off a brothel operator.

www.bizjournals.com/jacksonville/news/2012/02/09/regulators-fine-biggest-banks-394.html

www.huffingtonpost.com/2011/11/15/jpmorgan-chase-to-pay-36-million-fines-risky-investments_n_1095157.html

www.dailykos.com/story/2011/06/24/988540/-JP-Morgan-Chase-Fined-For-Fraud-19-Billion-Demanded-By-Madoff-Trustee

www.theatlanticwire.com/business/2011/08/treasury-department-fines-jpmorgan-chase-883-million/41760/

 

No, they didn't have zero to do with it. They might not be culpable, but they indeed DID have SOMETHING to do with it.

eta

I brought it up simply to point out that this man that you think is a great American and his business that you say is a scapegoat is actually entrenched in what has been an industry-wide fraud in the taking of homes, pensions, and 401Ks in order to feed their executive bonuses and shareholder demands.

 

That's a good point. It's like how they blame gun store owners for selling
a gun to a criminal.

 

I never blamed Chase for MF Global.

I compared JP Morgan Chase to a brothel.

 

You're honestly being irrational here.

If you wanted to make an argument like this, you'd be better off looking at the Bear Stearns bailout, where a large chunk of the money went right to Goldman Sachs.

 

Happy to do so. I'm making an argument for industry-wide fraud, theft, and corruption at the expense of retirees, small investors, and homeowners to fund salaries, perks, and bonuses that are fundamentally unsustainable.

 

No criminal charges?

 

That's crazy. Corzine should go to jail.

 

Thieves, all of them.