Farmers Sue Corzine Over Their Missing Money?

by ~ The Rebel ~ Posted 2012/01/11 22:37:33

Related Topics: Debt, Wall Street, Funds, Financial, New Jersey, Missing, Montana, Led, Cattle, Sue

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Montana farmers have filed a class action suit against former New Jersey governor Jon Corzine, charging that the failed financial firm run by Corzine stole millions from their accounts to pay off its spiraling debts, and that Corzine’s “single-minded obsession” with making MF Global a big player on Wall Street led to the firm’s collapse.

MF Global’s clients included 38,000 wheat farmers, cattle ranchers and others who “hedged” their crop prices by placing millions in MF Global accounts. Those accounts were supposed to be “segregated and secure,” according to the federal suit, meaning MF Global could not draw on those funds.

Tom 2012/01/11 22:44:51

+3
Another FOO making a buck via crony capitalism.
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keymanjim 2012/01/11 23:09:56

+2
You are judged by the company that you keep.

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U-Dog 2012/01/11 23:06:43

+2
If the American people are not going to work together to yank these crony-cap weeds from the political soil in this country then the entire economy will eventually fail. 2008 will look like a sunny spring picnic in the park compared to the economic hail storm that is brewing on the horizon.

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Tom 2012/01/11 22:44:51

+3
Another FOO making a buck via crony capitalism.

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Aurora 2012/01/11 22:39:56

+3
Sweet, now they will have to go after Obama to get their money, What did corzine do with this money, I don't recall. Campaign Contributions to obama. nice Post.

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