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If it ain't Goldman Sachs, it's J.P. Morgan

Submitted by Roanman on Thu, 01/19/2012 - 19:39

 

From Reuters.

It's always interesting when the thieves start turning on each other.

Click on the photo for the entire story.

 

In MF Global, JPMorgan again at center of a financial failure

 

Thu Jan 19, 2012 10:18am EST

 

(Reuters) - In late October, as MF Global Holdings Ltd teetered toward bankruptcy, Jon Corzine phoned his close-knit circle of Wall Street friends for help.

His firm, facing demands from customers and other firms for cash, needed to sell billions of dollars in securities to raise the money. As the week progressed, MF Global executives came to believe that JPMorgan Chase & Co., one of MF Global's primary bankers and a middleman moving that cash, was dragging its feet in forwarding the funds.

 

Scroll down one post to see who the boys are supporting in this years presidential election, having supported Obama in 2008.