Timing Is Everything
The Federal Reserve and other central banks took action today to contain the sovereign debt crisis in Europe.
Stocks and commodity prices soared.
The bankers actions came six weeks too late for Jon Corzine.
More from my site
Victim of MF Global Fraud Joins Senator Kyrillos in Asking Menendez to Recuse Himself from MF Global Investigation
Menendez’s Self-Serving Double Standard
Corzine Moving to New York
Maybe the $1.2 billion is in France
Corzine facing proposed lifetime ban from futures trading
Stalking Jon Corzine
Corzine and other MF Global directors reach new $64.5M settlement with investors
Corzine is off the hook
Corzine’s got some ‘splainin to do- Ex-governor Corzine discussing plans to start hedge fund, report says
“What a brilliant idea” let the US printing presses run 24 /7 so we can help bailout Europe. What business does our Federal Reserve have in increasing the money supply for Europe? Don’t say if Europe defaults and goes bankrupt it will destroy the American economy.
Because the actions of the US Federal Reserve printing more money has a direct negative effect on our economy by causing out-of-control inflation. Food prices this year alone have risen 4% on average.
And nothing is corrected either these countries still have huge entitlement programs they’re still spending like crazy. Nothing is fixed we basically told them it’s okay keep on doing it will be here to help.
Yes Corzine would have been right on his buying of foreign debt ,and it would have covered up his using customer funds …..until the next time .He broke the law just as you or I would have if we robbed a bank to buy stocks …and won …