Oh, sorry. Not Fonzie … Ponzi.
MF Global: Largest Wall Street ‘Crime’ Since 2008 – No Criminal Case Likely
by Sad Hill
Our government’s extended protection of MF Global’s Jon Corzine – the former $ trillion taxpayer-funded Goldman Sachs bailout Chief – will most likely eliminate the threat of all criminal charges against one of the largest Ponzi ‘artists’ to walk the face of the earth.
And with Feds ‘quietly’ bailing out the likes of Harley-Davidson, Verizon, Toyota, Citigroup, Bank of America, Swiss-based UBS, Britain’s Barclay and countless others – not to mention ‘secretly’ putting Americans on the hook for over $250 trillion (with a ‘T’) in global derivatives – they simply can not afford to let US taxpayers pullback the curtain on one of their ‘wizards’ operating freely in the land of make-believe.
Let’s review, shall we? [snip]
Between 2008 and 2010, Goldman Sachs sent billions of American taxpayer dollars to 32 entities, including many overseas banks, hedge funds and pensions – as reported by the Senate Finance Committee. Asked about the significance of Goldman’s ‘disclosed’ global recipient list (under threat of subpoena), Senator Chuck Grassley stated, “We thought originally we were bailing out AIG. Then later on…we learned that the money flowed through AIG to a few big banks, and now we know that the money went from these few big banks to dozens of financial institutions all around the world.”
But if I try to keep my own money instead of letting the government steal it from me, I’d be in the slammer.