enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Thursday, December 08, 2011

Posted 12/08/2011 05:22:00 PM by Douglas

I love it when life imitates SNL. Here's an investment banker with some problems.

Former New Jersey senator and governor Jon Corzine insisted Thursday that he has no idea what happened to an estimated $1.2 billion in missing client funds from failed investment firm MF Global, describing the firm's final days as a "chaotic" frenzy of transactions.

"There were many, many, many more transactions than typically occur," Corzine said, in rare testimony before Congress that marked his first public remarks on the firm's bankruptcy since he resigned as CEO on Nov. 3.

"I simply do not know where the money is, or why the accounts have not been reconciled to date," Corzine's said.

Silly banker, don't you know, you're supposed to take your client's money, then write down how much he gave you on a list. Be sure and keep that list in a safe place:

Also, here. I bet his wife found out about him shagging his secretary, too, which was bad. But not as bad as losing the list.

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