• 28 Aug 2014 at 10:00 AM

So Did Anyone Lose Any Money At MF Global?

Oh sure, obviously, the answer is yes, everyone. But Jon Corzine would like it to be noted that, eventually, it all came back and then some.

The bulk of the money is earmarked for unsecured creditors, who would receive a first distribution of about 20% of what Mr. Giddens has agreed to pay….

“From the beginning, we have worked aggressively and diligently to pay customers 100% and marshal assets for distributions to the general estate, which were two goals that many thought would not be possible,” Mr. Giddens said. “Both goals have now been achieved, and I am satisfied that we are positioned to make these distributions.”

MF Global Seeks Permission to Repay Creditors [WSJ]

13 comments (hidden to protect delicate sensibilities)
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Comments (13)

  1. Posted by J Corzine | August 28, 2014 at 10:12 AM

    F*ck you Jon Shazar!

  2. Posted by Central_Wanker | August 28, 2014 at 10:41 AM

    See that Corzine, they always revert to the mean… just sometimes not as quickly as we'd like…
    -John Meriwether

  3. Posted by Guest | August 28, 2014 at 11:10 AM

    Jon Shazar, Jon Corzine, John Meriwether, John Brian Hunter, Jon Doe, John Hitler, Jon the Cannibal, John D Mental, the comon John….

    No trend at all.

  4. Posted by Guest | August 28, 2014 at 11:16 AM

    Forgot John McCain.

  5. Posted by Guest | August 28, 2014 at 11:16 AM

    And John Kerry

  6. Posted by Guest | August 28, 2014 at 11:19 AM

    Johnas brothers.

  7. Posted by C. Reinhold | August 28, 2014 at 11:43 AM

    Mommmmmm, the mouseover!!!!!

    Also, the meatloaf.

  8. Posted by S. Haar | August 28, 2014 at 12:00 PM

    Is it OK if I steal your car, Jon, as long as I bring it back next year?

  9. Posted by Guesteban | August 28, 2014 at 12:38 PM

    their = belonging to them
    they're = they are

    It can be confusing sometimes.

  10. Posted by John Shaziggans | August 28, 2014 at 12:49 PM

    Fuck you Chone Figgins!

  11. Posted by Jon Voight's car | August 28, 2014 at 5:50 PM

    Ahem.

  12. Posted by The John | August 29, 2014 at 9:42 AM

    Sitting down on the job, eh?

  13. Posted by guest | August 29, 2014 at 11:17 AM

    Or maybe just bring back the tires and the panties hanging from the rearview mirror:

    "The bulk of the money is earmarked for unsecured creditors, who would receive a first distribution of about 20% of what Mr. Giddens has agreed to pay"