4 ms·

I have the strong sense that the New York court system, both federal and state, are particularly corrupt. The NYC based bankers all look out for each other. If

I have the strong sense that the New York court system, both federal and state, are particularly corrupt. The NYC based bankers all look out for each other. If you're plugged into the financial scene at the right levels in the NYC area, you're untouchable, and anyone who affronts you is going down. How else can you explain John Corzine is still walking free and Madoff was never arrested for years despite many people screaming there was an obvious fraud? Why do you think they had to extradite some guy all the way from London in their search for a scapegoat for the Flash Crash? These people have a mutual protection gang going.

PhantomGremlin 11y ago
How else can you explain John Corzine is still walking free I'm sure you know this, but for others not following so closely: the commodities broker for the "guy" from London was MF Global, the sleazy firm that Corzine was running during the Flash Crash So now they are trying to extradite a minnow, but the scum heading MF Global have so far avoided any fallout. As Wiki puts it[1]: "Crimes have been committed here without a doubt. We think there are enough facts out here to start arresting people and start filing charges." However, by August 2012, criminal investigators had concluded that charges against Corzine, or any other of MF Global's former executives or employees would be unlikely. MF Global allowed some clown trading out of his house to place orders for billions of dollars of futures contracts. If any reasonable percentage of those had been filled, the disruption to the markets would have been enormous. Not only did the "guy" in London not have enough capital to place those orders, they were big enough that MF Global itself didn't have enough capital. Of course, MF Global shortly later turned out to be a shell game, so maybe all that would have happened is they would have blown up a few months earlier. [1] https://en.wikipedia.org/wiki/MF_Global#April_2012:_Possible_Criminal.2C_Civil_Actions_Against_Executives.2C_Employees https://en.wikipedia.org/wiki/MF_Global#April_2012:_Possible...

PhantomGremlin 11y ago

How else can you explain John Corzine is still walking free I'm sure you know this, but for others not following so closely: the commodities broker for the "guy" from London was MF Global, the sleazy firm that Corzine was running during the Flash Crash So now they are trying to extradite a minnow, but the scum heading MF Global have so far avoided any fallout. As Wiki puts it[1]: "Crimes have been committed here without a doubt. We think there are enough facts out here to start arresting people and start filing charges." However, by August 2012, criminal investigators had concluded that charges against Corzine, or any other of MF Global's former executives or employees would be unlikely. MF Global allowed some clown trading out of his house to place orders for billions of dollars of futures contracts. If any reasonable percentage of those had been filled, the disruption to the markets would have been enormous. Not only did the "guy" in London not have enough capital to place those orders, they were big enough that MF Global itself didn't have enough capital. Of course, MF Global shortly later turned out to be a shell game, so maybe all that would have happened is they would have blown up a few months earlier. [1] https://en.wikipedia.org/wiki/MF_Global#April_2012:_Possible_Criminal.2C_Civil_Actions_Against_Executives.2C_Employees https://en.wikipedia.org/wiki/MF_Global#April_2012:_Possible...