Friday, March 9, 2012

Court Says MF Global Executives Still GET Bonuses for 2011! WTF? They Stole people's money and they are getting Bonuses?!



WOW the news is not stopping this morning 3/9/12 that is just mind boggling at how the people are getting raped by the banks!

Besides what I posted earlier that Goldman Sachs has demanded (when push comes to shove) that the banks are to be paid debt before Social Security and Medicare benefits for U.S. citizens. 

It has been revealed that MF Global executives are still going to get bonuses of millions of dollars for 2011!

I am at a loss of words of what is happening and how those who have defrauded the world and have out right stolen money from the people and they are not just not being prosecuted for the stealing and out right fraud but they are being given money for it!

You just can't make this stuff up!  How is this even possible?  How is it a court is giving bonuses to those who stole billions directly from people's personal accounts?

Part of some of the executives bonuses will be on what amount of money they can get for the  clients owed from the bankruptcy.  But don't think those are the clients that had their money stolen from them.  Remember the Judge put it as an Equity Bankruptcy so that means Wall Street banks are in line ahead of the people.  So sounds like the bonuses will be based on how much more money they can give Wall Street.

Portion from link:

The payments could vary in size depending on progress with the estate and likely would be paid in batches throughout 2012, a person familiar with the matter said. The total payouts are expected to be smaller than bonuses received by the same executives before MF Global sank amid panic over the big bets made on European sovereign debt under Jon Corzine, the company's former chairman and chief executive. He resigned in November.

For example, Bradley Abelow, president and chief operating officer at MF Global, got a salary of $829,545 and a bonus of $1.25m for the fiscal year ended March 31, 2011, according to a securities filing. His total compensation was $7.6m. After the Chapter 11 filing, Abelow agreed to cut his annual salary to $60,000, another securities filing shows.

The other high-ranking MF Global executives who could collect bonuses under Freeh's plan are Henri Steenkamp, the company's chief financial officer, and Laurie Ferber, general counsel, people familiar with the matter said.

All I can ask is.... What Will be the  trigger for the people to wake up?  The way it is going, I can't imagine it will take too much more.  We the people need to get the real news to those who have refused to see it up to this point, somehow.


This morning all I can keep saying is WTF! when I have read how the banks are moving in for the final kill of everyone's money.  

Yesterday I posted about all stocks and bonds are actually owned by the Federal Reserve and how I then understood how MF Global got away with stealing the billions.  

FOR THE COURT- TO NOW REWARD THEM FOR STEALING BILLIONS!?  OUT F ING RAGEOUS!

5 comments:

  1. I'd like to think that it would make people wake up too, but I don't think it will. Sadly, I think we've slipped to far into, "I got to get all mine. You're on your own," attitude in this country.

    This new twist to me is terribly vial and really just pulls the curtain back further on the corruption in our legal and governmental agencies.

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  2. When I remember that the American Bar Association is a trade union and a branch of The London Lawyers' Guild, it starts to make sense. Most judges are part of the American Bar Association, which has been misbehaving a lot recently. Combine this attack in the American courts of the foreign 'Black Robes' with the other Wall Street crime, 9-11, Knights of Malta(a foreign based entity)directing slaughter of middle eastern people and our own troops from America's top echelon of officers, Fukushima, and other attacks and I see a need to discover the overall motivations and sources of attacks. The motivation of destruction of the U.S. for the benefit of the beneficiaries of the European royal houses has consistently been my conclusion for about a yer now.

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  3. "What will be *the* trigger for the people to wake up?" I ask that question every day and given all that has happened, I wonder if ever they will. I don't like to think about what it will take, it's downright scary. We are drowning in corruption and fools are looking to be rescued by the same folks sinking us.

    Obama's Dept of Justice has no intention of punishing any of these thieves. MSM doesn't tell people that but the fact DOJ hasn't done anything by now should be clue enough. Unfortunately most people don't realize gov has had Non-Prosecution-Agreements with the frauds since 2008 or they wouldn't have cheered Obama's new "financial crimes unit". Obama and DOJ are a unit for financial criminals all right. If only they knew, NPAs are nothing but a free pass and open invitation to commit crime and only a co-conspirator would do that, and see that's why Obama gets the fat donations from guys like Jon Corzine (he's contributed $902,232.00 as one of Obama's biggest "Bundlers"). MF Global committed outright theft and those execs should be in jail, not getting a bonus!!!

    Obama's Bundlers;
    http://www.opensecrets.org/pres12/bundlers.php?id=N00009638

    Thanks for doing what you do Sherrie. Keep waking em up so they'll stop dragging us down with them... if they don't want to swim, well maybe it's not their destiny. Truth on!

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  4. It apears That we are awake and awoke. we realize the legion of money hords will kill there own to keep eating .after all they have removed The respect Of Our Lord and Savior JESUS CHRIST > the Have at all Stages replaced The LORD JESUS Christ With a Synthetic replacement called some thing more so healthy ........anti depressants and psycho theropy. we have been Brain washed to fear . We are poisened with Chemicals . Its an epidemic formed to cause the hopeless to kill there selves so the upper class may have authority and take over using money to manipulate goverment and laws against is own people. But NO WORRY ...JESUS CHRIST IS ALIVE AND WELL HE COMMETH ! YES HE KNOWS THERE INNER WORKINGS SEES THERE EVIL > YOUR BIGGEST WEAPON TO THIS EVIL IS TO SURRENDER YOUR ENTIRE BEING TO THE LORD JESUS CHRIST . GIVE OUR LIVES TO HIS WORK CLEANSE HIS SHEEP . FEED HIS SHEEP. AMEN CONVERT BABY CONVERT TO THE ONLY FORCE WHO CAN WIN .FEED ON THE SPIRIT OF TRUTH KNOW HIS WILL FOR YOU. AMEN .

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    Replies
    1. Those of us who understand and believe what is REALLY happening in the world will be best prepared when the shit hits the fan. I share your heartache in having friends and family with their heads stuck in the sand. I think some are weak and can't handle the truth, and some think this is Y2K all over again (hype for nothing). Maybe that is why our government created the Y2k hype. They plan things years in advance! I don't believe you can forse people to see what is happening, as long as they keep the stock market up and the news cast keeps smiling the majority are going to remain lulled. The best thing to do is keep reading and venting to those who do care. If family and friends don't ask...THEY DON'T WANT TO KNOW, you have to let it go...Send them jokes, that's all they want :)

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Thank you for commenting. I moderate the comments due to a mass amount of spam, even though there is a word verification needed. I also moderate them due to some very foul and violent comments at times. Thank you for understanding. I am not at the computer constantly so sometimes it takes a little longer for the comment to show up. I appreciate hearing from you and you adding your voice to the conversation. Sherrie