Comments on: Corzine’s culpability http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: fresnodan http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/comment-page-1/#comment-33864 Fri, 09 Dec 2011 10:17:40 +0000 http://blogs.reuters.com/felix-salmon/?p=11423#comment-33864 “Is Sarbanes-Oxley still on the books?”
Yes, yes it is.
The problem is the meaning of the word “is” adequate…..Whoops!!!! Another president.

The problem is the meaning of the word “adequate”
“Adequate” is…uh….er, adequate to make it appear that we have laws that are EFFECTIVE to stop financial fraud,and to deflect attention from Wall Stree criminality.
But not ACTUALLY effective to prosecute, and certainly not effective enough to convict anyone of anything. So Sarbanes Oxley is a perfect law….from the standpoint of our leaders (Wall street).

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/comment-page-1/#comment-33861 Fri, 09 Dec 2011 09:21:56 +0000 http://blogs.reuters.com/felix-salmon/?p=11423#comment-33861 I don’t have any problem if the masses want JC drawn up on charges. The internal controls were clearly inadaquate and he did sign off on them. It’s worth point out though, that previous to this recent unpleasentness he was one of the most 100 successful men in the world.

If you have a billion dollars why on earth would you run for office if you did not truely think you could make your world a better place? Maybe it’s all ego but to me signing up to play senator or govenor does seem like a true public service if your bank account has 9 zero’s in it. The guy could have traveled the world living in 7 star hotels the rest of his life but he apperently wanted to keep working… hard to fault him for that.

Think about what brought him down too… a failed long bet on the soverign debt of first world democratic nations… he wasen’t betting on the ponies here.

… all his lifes positive accomplishments overshadowed in a weeks time. Sad.

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By: Sechel http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/comment-page-1/#comment-33854 Fri, 09 Dec 2011 02:17:51 +0000 http://blogs.reuters.com/felix-salmon/?p=11423#comment-33854 The CFTC seems to be saying rule 1.25 is not an issue here. This makes media reporting very confusing, and while I tend to believe the CFTC, then the question re commingling becomes even more bizarre.

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By: river4 http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/comment-page-1/#comment-33849 Thu, 08 Dec 2011 20:38:29 +0000 http://blogs.reuters.com/felix-salmon/?p=11423#comment-33849 The cynic in me thinks this is all much ado about nothing, as eithet they won’t prosecute him or he will just get himself a nice presidential pardon.

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By: TFF http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/comment-page-1/#comment-33846 Thu, 08 Dec 2011 19:12:07 +0000 http://blogs.reuters.com/felix-salmon/?p=11423#comment-33846 +1 to ErnieD.

It helps to be politically connected.

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By: ottorock http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/comment-page-1/#comment-33845 Thu, 08 Dec 2011 18:04:55 +0000 http://blogs.reuters.com/felix-salmon/?p=11423#comment-33845 What ErnieD said

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By: ErnieD http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/comment-page-1/#comment-33843 Thu, 08 Dec 2011 18:00:34 +0000 http://blogs.reuters.com/felix-salmon/?p=11423#comment-33843 “I simply do not know where the money is, or why the accounts have not been reconciled to date.”

Is Sarbanes-Oxley still on the books? Jon Corzine must have signed off at least once on statements that he had adequate financial controls in place. For him to now simply state that $1.2B is lost in the sofa cushions should mean that he did not have adequate financial controls.

It has baffled me why this Administration has been totally unwilling to go after senior executives under SarbOx. As long as Corzine and tohers can do this and then just walk away, it will continue.

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By: utterfly1 http://blogs.reuters.com/felix-salmon/2011/12/08/corzines-culpability/comment-page-1/#comment-33842 Thu, 08 Dec 2011 18:00:29 +0000 http://blogs.reuters.com/felix-salmon/?p=11423#comment-33842 Social unrest is on the rise. Who does still taping his eyes and does not want to see the direcction we are heading. It is just a matter of time till the whole thing collapses. We will have a Western Spring soon when people will rioting in Berlin, New York and London. http://djia.tv/press-tv/oecd-report-port ugal-champion-in-social-economic-gap/

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