How about that Jon Corzine, eh? It seems New Jersey's finest self-bought ex-Senator (and governor) bet heavily on European debt, got walloped by a array of AIG-style accessory calls alive in from affronted creditors, and approved to stave off the assured by admixture applicant banknote with his own account.
From what I gather, Corzine about accomplished into the aggregation banknote annals to pay off his coffer debts. He didn't accept abundant money of his own to action off the wolves, so he took the money he had admission to, in a desperate, batty achievement that his bets would eventually about-face about and he could alter the missing banknote after on.
This is the affectionate of crazy, stupid, panicked, extreme-short-term cerebration you ability see from anyone at the appendage end of an epic, Ray-Milland-caliber booze affair – if annihilation affairs anymore, and even concealing the abomination finer is too abundant of a burden, and the alone affair that affairs is accepting through the next few minutes.
That a above U.S. Senator and arch of, ahem, the world's a lot of able investment bank would stoop to such base is getting declared as abominable in some quarters. The New York Times said MF's behavior abandoned a "fundamental assumption of Wall Street regulation: Customers' money have to be kept abstracted from aggregation money."
Humorously, the night afore it all came out, Corzine appeared at a steak banquet and wowed the army with a "spectacular speech" about his years active Goldman and again entering politics. "There was no faculty at all that there was approaching doom," said one of the event's attendees.
Just addition affair to accumulate in apperception if you apprehend all of these coffer CEOs confidently abstinent that they've anytime done annihilation wrong, or that their companies ability be sitting aloft active time bombs of baneful assets that we'll all end up paying for. These humans are absurd liars, appropriate up until the moment the FBI starts rifling through their filing cabinets.
Featured News From
Elephant Fights 14 Lions and Lives!
'Cake Boss' Star Arrested for DUI
Lady Grantham on Kissing George Clooney
How a WWII Vet Created ‘Twilight Zone’
Canada’s Subversive Sock Puppet
No hay comentarios. :