Ex-MF Global treasurer declines to testify about alleged Corzine money transfer:
A top former MF Global executive declined to testify Wednesday during a House hearing on whether she approved or had knowledge that CEO Jon Corzine approved a transfer of nearly $200 million in customer funds to cover losses days before the brokerage firm collapsed.
The firm MF Global filed for bankruptcy Oct. 31 after a disastrous bet on European debt. It was the eighth-largest bankruptcy in U.S. history and resulted in farmers, ranchers and other customers losing roughly $1.6 billion. They must have thought they were in Vegas shooting crap.
Edith O’Brien, the firm’s former assistant treasurer, who invoked her Fifth Amendment rights several times not having to testify .
It is very disturbing when I read about the “rich man’s loop hole” invocation that they take the Fifth Amendment whenever they are falling into a pit.
Joe Citizen would be put into jail without bond if he engaged in the same criminal activities that these high flying enemies of the government are engage in.
Another example of taking advantage of the system is the Solyndra boys. These two mobsters in executives clothing are stick up artists without guns and without consequences.
The two clowns, Brian Harrison and William Stover the chief executive and chief financial officer of Solyndra, the bankrupt solar company, took the Fifth Amendment numerous times refusing to divulge any information on how their company miss-managed and lost $ 528,000,000.00 that the government loaned them.
Between these two companies MF Global and Solyndra they lost a staggering $ 2,128,000,000.00 (That is a B not an M) of USA tax payer’s money. The only remarks they had to in their defense was “I reserve the right to invoke the Fifth Amendment under the grounds that what I say may be used against me in a court of law”. They did it with a straight face.
What other possible reason would anyone have to take the Fifth Amendment if they were not trying to hide something or committed a crime?
They all are guilty as sin and probably had not intentions of repaying the government prior to them conning their way into the Fort Knox.
It is imperative that our government takes a good look at the constitution and revises or gets rid of some of these amendments that are unreasonable and outdated. Secondly; the government has to set stringent guide lines when they are dishing out federal funds instead of expecting the recipients to use the “honor system” as their guide lines. It is very apparent that these federal thieves have no honor what so ever.
If the D.C. boys were handing out their own green backs they would have an iron clad agreement in place before they handed out a dime.
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
Why is it that these pilfering perpetrators are not indicted by a grand jury so they are compelled to answer questions asked of the them? There certainly has been crimes committed. Seems easy to me but I am not a politician or am I obliged to kick back to anyone.
As the old say goes “follow the money” and I am sure that there are more people getting their palm greased in these illegal transactions then have been publicized. From time to time they may even be addressed as “My esteem colleague”.