What, no pitting for Alex or Jon?

[Hentor_the_Barbarian]

@Lobohan

He got better. [/python]

Any chance you’ll leave the country if Obama is re-elected?

Or otherwise? I’m not picky.

[mlees]

@Oakminster

Stop this annoying tendency to just throw shit at the wall and hope someone else actually posts some content worth reading or printing to wipe my ass with.

:eek:

What kind of fancy schmancy paper do YOU have loaded in your printer??

[Czarcasm]

@mlees

:eek:

What kind of fancy schmancy paper do YOU have loaded in your printer??

White 24 lb. gloss twin ply, non-scented.

[mlees]

@Czarcasm

White 24 lb. gloss twin ply, non-scented.

…

Doesn’t that hurt?

[Lobohan]

@Czarcasm

White 24 lb. gloss twin ply, non-scented.

Well, it started out non-scented…

[Lobohan]

@mlees

…

Doesn’t that hurt?

Band Name: Anal Paper Cut

[Trom]

@The_Second_Stone

Corzine may have done something wrong. His firm cost its investors zillions. Shame on his 1 percenter firm. Be nice to see some prosecutions of the Wall Streeters doing this. I won’t hold my breath.
…

Actually, Corzine royally fucked over The Little People. Imagine if Bank of America told you that they lost the money in your checking account due to bad bets on European debt. That’s essentially what happened at MF Global. They lost customers’ funds, not just investors’.

Farm belt rage over MF Global could chill markets

“I would be hedging some feeder cattle right now, but I’m not going to do it. I’m leaving them exposed to the cash market and I don’t like that,” Rietzke said.

Rietzke may reside far from the trading pit in Chicago, but he and thousands of other ranchers and farmers across the country are at the heart of futures trading.

With billions of their dollars locked up by MF Global’s October 31 bankruptcy filing, they are a key voice in determining if and when the futures business regains its poise and reputation.

“I have no confidence in the market, because it could happen at any other brokerage,” Rietzke told Reuters from his 8,000 acre ranch near the southwest Kansas town of Coldwater.

Dozens of other market participants, most of them smaller introducing brokers or independent traders, say the painful lesson of MF Global is forcing them to reconsider a livelihood in the market and how they hedge future crops and livestock.
…
Take, for example, the plight of Andy Belshan, who runs a grain elevator business in Albert Lea, a town of 18,000 in southern Minnesota. Belshan buys corn and soybeans from about 75 local farmers for further resale on the market.

By entering into future-delivery contracts with farms, elevators like Belshan’s provide a crucial hedging service to small farmers throughout rural America. Belshan then hedged his own risks through MF Global, run by former Goldman Sachs & Co Inc chief and New Jersey governor Jon Corzine before its bankruptcy.

After the bankruptcy filing, Belshan’s positions were transferred to another broker. But his accounts are still short a significant amount, he says.

“The customer funds we had for a hedge position, that’s the bedrock that the system is supposed to be built upon,” said. “Somebody dropped the ball and let those funds go somewhere. If something doesn’t get fixed, it will have a ripple effect” in the rural economy.

See this post in the GD thread where CJJ* highlights how Corzine was personally warned by the firm’s head of risk management multiple times about the firm’s new involvement with proprietary trading - one of Corzine’s major initiatives.

There isn’t a better representative of what’s wrong with the financial/governmental/regulatory system than Jon Corzine.

[Little_Nemo]

@Clothahump

Alec Baldwin’s still around? I thought he left the country in a huff after Bush got re-elected.

Maybe this isn’t the first time this has happened. Maybe every time he tried to leave the country, they kicked him off the plane.