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Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S | 200 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: JamesK on Sunday, May 27 2012 @ 05:48 PM EDT
The other day, I watched a "Frontline" (PBS) show about MF Global.
The CEO of MF Global, when it failed, was Jon Corzine, a former Goldman Sachs
CEO. At MF Global, he also used some "creative" techniques that
destroyed the company and even included conversion of customers money. One
thing that was mentioned in the show was that the regulator,the Commodities
Futures Trading Commission was planning to ban inside borrowing, where one part
of a company borrowed from another. As this was something MFG was doing a lot,
Corzine lobbied the CFTC to not implement that ban. It would appear from these
two cases, and many more, that the execs in many financial institutions are
bankrupting the economy for their own greed. A lot of these harmful practices
started after the Reagan administration brought in a lot of deregulation of the
financial industry.



---
The following program contains immature subject matter. Viewer discretion is
advised.

[ Reply to This | Parent | # ]

Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: Anonymous on Sunday, May 27 2012 @ 05:51 PM EDT
Didn't somebody comment about the 'talent pool' from which senior corporate
suits are recruited.

[ Reply to This | Parent | # ]

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