Accord between JPMorgan, MF Global pa...

Accord between JPMorgan, MF Global parent gets court approval

There are 12 comments on the reuters.com story from Mar 14, 2013, titled Accord between JPMorgan, MF Global parent gets court approval. In it, reuters.com reports that:

A bankruptcy judge on Wednesday approved a settlement that will increase JPMorgan Chase & Co's potential recoveries from the liquidation of MF Global Holdings to as much as 76 cents for every dollar in claims.

Join the discussion below, or Read more at reuters.com.

“Open your eyes”

Since: Sep 09

Central Florida

#3 Mar 14, 2013
You seriously cannot make this shit up.

I was actually laughing reading this. Shows how stupid people really are and how they got robbed.

Just prior to the collapse of MF Global,$1.6B was stolen from private segregated accounts and shuffled around to pay off debts to bigger financial institutions. JP Morgan Chase branch in London England had over $650M of the 1.6B stolen.

The people that got ripped off in the theft have been able to recoup maybe 60% of their investments that John Corzine stole. He committed fraud and instead of going to jail, he gets to throw fund raising campaign dinners for Obama.

Now did JP Morgan have to turn they $650M+ over to bankruptcy for funds distribution to all of those that got ripped off? Nope.

So they keep your stolen funs and now bankruptcy court approves a settlement of 73% from left over monies.

So they get to keep your money that was stolen and get to keep majority of the money from the bankruptcy.

This is freaking comical. And nobody goes to jail for fraud or theft.
Gary

Bellingham, WA

#4 Mar 14, 2013
Kahoki wrote:
You seriously cannot make this shit up.
I was actually laughing reading this. Shows how stupid people really are and how they got robbed.
Just prior to the collapse of MF Global,$1.6B was stolen from private segregated accounts and shuffled around to pay off debts to bigger financial institutions. JP Morgan Chase branch in London England had over $650M of the 1.6B stolen.
The people that got ripped off in the theft have been able to recoup maybe 60% of their investments that John Corzine stole. He committed fraud and instead of going to jail, he gets to throw fund raising campaign dinners for Obama.
Now did JP Morgan have to turn they $650M+ over to bankruptcy for funds distribution to all of those that got ripped off? Nope.
So they keep your stolen funs and now bankruptcy court approves a settlement of 73% from left over monies.
So they get to keep your money that was stolen and get to keep majority of the money from the bankruptcy.
This is freaking comical. And nobody goes to jail for fraud or theft.
You are looking at capitalism in its purest form.

The guys at the top rake it in while those down
below get screwed.

The Wall Street gangsters and banksters defrauded
millions of people out of trillions of dollars and
go on living their of opulence and privilege as though
nothing happened. Too big to jail.

“Open your eyes”

Since: Sep 09

Central Florida

#5 Mar 14, 2013
Gary wrote:
<quoted text>
You are looking at capitalism in its purest form.
The guys at the top rake it in while those down
below get screwed.
The Wall Street gangsters and banksters defrauded
millions of people out of trillions of dollars and
go on living their of opulence and privilege as though
nothing happened. Too big to jail.
That is not capitalism. That is Fascism. The merger of corporations and government.
Gary

Bellingham, WA

#6 Mar 14, 2013
Kahoki wrote:
<quoted text>
That is not capitalism. That is Fascism. The merger of corporations and government.
The gangsters and banksters on Wall Street are Fascists?

“Open your eyes”

Since: Sep 09

Central Florida

#7 Mar 14, 2013
Gary wrote:
<quoted text>
The gangsters and banksters on Wall Street are Fascists?
In a way, yes. The definition of Fascism is the merger of corporations and Government.

Now these bankers through bribes and pay offs (campaign contributions) are able to manipulate government officials and courts to rule and make laws that protect them.

Thus merging corporations and government.

The basis for capitalism is to have capital. However, today's capitalism does not have capital for all of the capital has been sold off multiple under the term Rehypothication.
Ninthman

“Obama Shames the USA”

Since: Apr 09

Location hidden

#9 Mar 14, 2013
If Corzine doesn't go to jail, I hope he dies of some form of horribly painful cancer. That's exactly how I feel.
How stupid is Biden? All democrats are jerk offs.
fatbacksx

Portland, OR

#10 Mar 14, 2013
Hold on to your wallets.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#11 Mar 14, 2013
No surprises that the Wall St. pirates who raped and looted our economy are being rewarded by the courts and government for doing so instead of being seized and having their executives tried and imprisoned.

America - land of the Corporate, home of the Greedy.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#12 Mar 14, 2013
Ninthman wrote:
If Corzine doesn't go to jail, I hope he dies of some form of horribly painful cancer. That's exactly how I feel.
How stupid is Biden? All democrats are jerk offs.
May your own vileness come back and poison you, creep.

“Open your eyes”

Since: Sep 09

Central Florida

#14 Mar 14, 2013
tha Professor wrote:
No surprises that the Wall St. pirates who raped and looted our economy are being rewarded by the courts and government for doing so instead of being seized and having their executives tried and imprisoned.
America - land of the Corporate, home of the Greedy.
In ancient times the people would have stormed the banks and hung the CEO's oh so high. Get the rope.

In today's world, the people accept it for they do not understand it and believe they have no power.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#16 Mar 15, 2013
Kahoki wrote:
<quoted text>
In ancient times the people would have stormed the banks and hung the CEO's oh so high. Get the rope.
In today's world, the people accept it for they do not understand it and believe they have no power.
I thought the folks in the Occupy movement were waaaay too gentle. I wanted to see bankers jumping out of windows or hanging from lampposts.

“Open your eyes”

Since: Sep 09

Central Florida

#17 Mar 15, 2013
tha Professor wrote:
<quoted text>
I thought the folks in the Occupy movement were waaaay too gentle. I wanted to see bankers jumping out of windows or hanging from lampposts.
I was always on the fence with the Occupy movement. I supported their right to peacefully gather and protest. They have that right and no matter anyone's ideological standpoint, all individuals should support that right.

Now were they correct in their voice? Yes and No.

Some of the protesters (majority actually) were there to stand up against corporate greed and government protections for the robber barons. However, they were split into so many different directions, what were they actually protesting against? This was the same problem for the Tea Party. Again, like the ideological standpoint or not, they have the right to peacefully assemble and protest the government. So, as individuals who may not agree with the ideological standpoint, the action itself needs to be supported.

And here is where the Occupy movement really failed. I mean bombed.

I went to Tallahassee to watch FSU versus Maryland in Doak Campbell stadium (had a blast, loved the town, Go Noles!). While traveling to the stadium, Occupy Tallahassee was out there in force. And the protesters were actually asking Obama to do something about the situation.

At that moment right there, it became clear to me that these protesters have 0 clue. And that the movement was destined to fail. A protest can not look to a corrupt individual in government to fix the problem of corruption. That is like the idea of drinking yourself sober. It does not work. And it took everything I had not to pull into the parking lot, go over to them, and put them straight.

Then when I got back from my trip I started seeing stories how the FBI and DNC were actually infiltrating the individual city protests to sway the opinion back to the support of government that helped cause the entire problem in the first place.

This is the exact same thing that happened to the original Tea Party movement when it was taken over by establishment Republicans and swayed from its Libertarian leaning constitutional following to the rank and file Republican spin.

I used to be active in the Libertarian Party here in my county. And one of the big things during the Tea Party movement was they were separating themselves from it. They saw how establishment Republicans were taking it over. In Orlando for instance, there was a big tax day protest by the Tea Party, good for them. Express the right to peacefully assemble and protest the government. However, it was funded by Newt Gingrich.....

So basically, all of these movements are then hijacked by establishment representatives whether it is the DNC swaying Occupy or Republicans sway the Tea Party. Once that happens, the movement from it's true grass roots foundation is then dead.

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