1. #1
    marcojuiceman
    marcojuiceman's Avatar Become A Pro!
    Join Date: 05-25-11
    Posts: 2,873

    Six Billion Dollar Bet


  2. #2
    marcojuiceman
    marcojuiceman's Avatar Become A Pro!
    Join Date: 05-25-11
    Posts: 2,873

    The story of Jon Corzine, the former head of Goldman Sachs and political power broker, who took over MF Global in the spring of 2010 with oversize ambition and a passion for risk. But after a massive bet on European debt turned sour, the firm lay in ruins, with more than a billion dollars of customer funds missing.

  3. #3
    milwaukee mike
    milwaukee mike's Avatar SBR PRO
    Join Date: 08-22-07
    Posts: 26,906
    Betpoints: 7585

    it's easy to bet 6 billion of someone else's money

  4. #4
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    He should be in jail

  5. #5
    marcojuiceman
    marcojuiceman's Avatar Become A Pro!
    Join Date: 05-25-11
    Posts: 2,873

    Quote Originally Posted by milwaukee mike View Post
    it's easy to bet 6 billion of someone else's money
    If I get a traffic ticket and dont pay it I could go to Jail..
    If Corzine magically loses billions of other peoples money.. He gets a bonus

  6. #6
    marcojuiceman
    marcojuiceman's Avatar Become A Pro!
    Join Date: 05-25-11
    Posts: 2,873

    Or the Government will give them another Bailout of taxpayers money

  7. #7
    Sportsbetting123
    Sportsbetting123's Avatar Become A Pro!
    Join Date: 03-01-08
    Posts: 1,400
    Betpoints: 7617

    This type of behavior is par for the course in Finance today. Greed is rampant.

  8. #8
    alling
    alling's Avatar Become A Pro!
    Join Date: 05-13-10
    Posts: 1,403
    Betpoints: 1802

    Only a democrat would bet $6 billion on socialism.

Top