BBC: MF Global files for Chapter 11 bankruptcy protection.
US brokerage firm MF Global has filed for Chapter 11 bankruptcy protection after revealing £4bn of eurozone debt exposure….
Jon Corzine, who took over as chief executive of MF Global last year, made big bets on sovereign bonds issued by European countries, it is claimed.
And now for the detail you don’t get from the BBC…
Jon Corzine was the Obama-backed former governor of New Jersey who was defeated by Chris Christie in 2009.
Can’t think why the BBC chose to ignore that.
………………and never ever ever mention to the BBC audience or to the layabouts at St Paul’s that the root cause of the collapse in the world economy was Democrat politicians pushing stupid intervention in the market – and then lining their pockets and backing Obama’s election campaign with the proceeds :
http://hotair.com/archives/2011/11/01/bloomberg-to-ows-congress-caused-the-mortgage-crisis-not-the-banks/
The BBC censored Corzine’s connection to The Obamessiah because the NY Times did. That’s their get-out-of-bias free card.
You can’t trust the BBC on US issues because they behave like this. But they won an award, see, so I’m totally wrong.
Imagine if he had been a Republican ! It would be the BBC headline for the next 100 years.
FORMER REPUBLICAN GOVERNOR PROBED OVER MF GLOBAL COLLAPSE
The former Republican governor of New Jersey John Smith is under investigation following the collapse of brokerage firm MF Global.
Mr Smith took over as chief executive of MF Global after he was defeated in the 200x election. Republican president George Bush campaigned on his behalf.
[Clip of Bush/Smith campaign ad]
Mr Republican Smith (Republican) made a series of big Republican bets on European Republican sovereign bonds. George Republican Bush. £4bn debt, 2.000 staff. Republican Republican…
DB,
I am outing you as a closet Beeboid !!!!!
Damn, busted.
. . . . . and, by the way, Governor Smith is a Republican.