{"id":5093,"date":"2012-03-24T23:40:57","date_gmt":"2012-03-25T03:40:57","guid":{"rendered":"http:\/\/www.thedailygouge.com\/?p=5093"},"modified":"2012-03-25T09:03:22","modified_gmt":"2012-03-25T13:03:22","slug":"the-daily-gouge-sunday-march-25th-2012","status":"publish","type":"post","link":"https:\/\/www.thedailygouge.com\/?p=5093","title":{"rendered":"The Daily Gouge, Sunday, March 25th, 2012"},"content":{"rendered":"

It’s Sunday, March 25th, 2012….and since TLJ is out of town celebrating her youngest sister’s birthday and masquerading….<\/strong><\/p>\n

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….as Carolina Panthers’ cheerleader, here’s The Gouge!<\/strong><\/p>\n

First up on this special Sunday edition, more trouble in Obamaland, courtesy of the WSJ<\/em> and another corrupt Dimocrat:<\/strong><\/p>\n

Email Ties Corzine to Missing Funds<\/span><\/h1>\n

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Jon S. Corzine gave “direct instructions” to move $200 million from an MF Global Holdings Ltd. account containing customer funds three days before the securities firm collapsed, according to an employee email reviewed by congressional investigators. The Oct. 28 email was disclosed in a five-page memo released Friday afternoon by a House Financial Services subcommittee.<\/strong><\/span> The panel is investigating what caused an estimated $1.6 billion shortfall in customer funds at MF Global, which collapsed into bankruptcy Oct. 31.<\/strong><\/span><\/p>\n

Edith O’Brien, an assistant treasurer who was among the employees involved in moving money at MF Global, wrote in the email that the $200 million transfer to an MF Global account at J.P. Morgan Chase & Co. in London was “Per JC’s [Jon Corzine’s] direct instructions,” according to the memo.<\/strong><\/span> <\/strong>The transfer was needed to fix a $175 million overdraft in the bank account that was making it harder for MF Global to buy and sell securities as it scrambled to survive in late October, according to the memo.<\/p>\n

Customer accounts hold both firm money and customer money that isn’t supposed to be touched under federal regulations. In testimony to lawmakers in December, Mr. Corzine, the former Goldman Sachs Group Inc. chairman and New Jersey governor who was MF Global’s CEO, said he never directed anyone to misuse customer funds.<\/strong><\/span><\/p>\n

….”He stands by that testimony,” a spokesman for Mr. Corzine said in a statement Friday. “He never directed Ms. O’Brien or anyone else regarding which account should be used to cure the overdrafts, and he never directed that customer funds should be used for that purpose,” the statement said.<\/p>\n

Of course he didn’t; after all, assistant Treasurers take it upon themselves to make illegal transfers of large amounts of customer cash three days before their firm goes belly-up and then blame the boss all the time!<\/strong><\/p>\n

Yeah….<\/strong><\/p>\n

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Since we’re on the subject of faults, enjoy the latest on Etch-a-Mitt from Jonah Goldberg as he recounts….<\/strong><\/p>\n

A Fawlty Slip of the Tongue<\/span><\/h1>\n

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There’s a great old “Fawlty Towers” scene (if you’re unfamiliar with the 1970s British sitcom, hie thyself to YouTube!) in which Basil Fawlty (John Cleese), an innkeeper, welcomes some German patrons. He gives explicit orders to everyone: “Don’t mention the war!” He then proceeds to mention the uncomfortable subject of World War II over and over again.<\/p>\n