SWIMMING IN BLUE POOL WATER

SWIMMING IN BLUE POOL WATER

MF GLOBAL CRIMINAL BANKRUPTCY TAKES AN EVEN GREATER TURN FOR WALL STREET: aka  J.P. Morgan and George Soros

 The recovery of supposedly secured and segregated client funds from Jon Corzine’s engineered re-hypothecated theft that turned into MF Global’s bankruptcy has now risen to 72% of the total client funds.   This leaves 28%, or somewhere between $1.2 and $1.6 billion of those client funds, “out there”, somewhere.

   At least according to the Wall Street Journal who reported them “disappeared”, upon which a host of bird dogs screamed bloody murder accusing the WSJ of assisting the cover-up and identifying the “fences” (aka JPM & Soros), who had received these “stolen” funds.

   These are the client funds that were churned in the Federal Court/CME/CFTC accommodated chapter 7 bankruptcy, which by law should have been a chapter 11 bankruptcy, which would have returned all supposedly segregated client funds, but, which would have left J.P. Morgan and George Soros out in the cold, because these are the rascals that have the money.

    And it was Jon Corzine (with the criminal complicity of staff and possibly aided and abetted by the CME/CFTC), former CEO of Goldman Sachs, key player in the LTCM bankruptcy, former Governor and U.S. Senator of New Jersey (an state indictment matched only by Illinois), who is the lying scurvy dog that gave J.P. & Soros the money.

    Now we come to find that Triax Capital Corporation has offered the plaintiff’s in the bankruptcy (aka, the clients), 57 cents on the dollar for the remaining $1.2 to $1.6 billion of client funds…. that J.P. Morgan and George Soros are sitting on.

    Interesting.   Triax is a boutique bank, or quasi-bank, or capital corporation whose CEO is a bankruptcy attorney in where else, New York City.

    This would bring the plaintiff-client funds recovered up to 88% of the funds stolen/lost, less of course attorney’s fees, for both the plaintiff and MF Global attorneys.

    But like I said, interesting.   Does Traix plan on roasting Morgan and Soros over an open pit, or are they fronting for Morgan and Soros and just working out a plan where Morgan and Soros buy their way out of any further litigation and possible criminal indictments, and still keep a healthy chunk of the money?  

    I don’t know, but I think inquiring minds would like to know.

    But I think it will all come to naught, because the plaintiff’s would probably end up spending the 12% left after the total 88% recovery on attorney fees, so they’ll probably take the now money and walk away feeling quite lucky.  And J.P. Morgan, George Soros, and Triax will walk away with between $684 to $912 billion scott-free and feeling even luckier.  

   So if you’re ever wondering how crooked the bank lobby has created an almost imperceptible funnel out of all America that's inclining towards New York City, well, let’s just say you just received an education.  

   And if you’re relieved that you weren’t one of the unlucky few to be a MF Global client then your stupid, because the scenario that bled those unfortunate to be MF Global clients, is the same pool that your swimming in right now.

   And the water in the pool has turned blue.

   Now, what are you going to do about it?