Gene Burnett - Jump You F*#kers (A Song For PFG, MF Global, and all the Wall Street Banksters of like mind)Submitted by carpavel on Wed, 07/11/2012 - 04:27
Gene Burnett - Jump You F*#kers (A Song For Wall Street)
In light of the new MF Global PFG I share the following links ... While you read listen to the song in the back round.
PFGBest missing $220 million in funds; CEO attempts suicide
By Tiffany Hsu, Los Angeles Times 07/10/2012 - 9:21 PM EDT
WASHINGTON — It feels like doomsday at midsize Iowa futures brokerage PFGBest — where $220 million in customer funds has gone missing, federal regulators have filed suit, accounts have been frozen and the company's chief executive attempted suicide Monday.
Is 'Inept' CFTC "The Get-Away Driver" For PFG?
"I expect to lose money because of the complete incompetence of the Federal regulators" is how Factor LLC's Peter Brandt describes the farce that has rapidly become bankrutpcy for PFG Best to Bloomberg TV today. As we noted earlier, the recent and clearly total ineptitude of the CFTC in identifying (and acting upon) falsehoods is incredible - and twice within one year on a massive scale.
UPDATE: Chief of troubled Cedar Falls brokerage left suicide note; 911 recording released
CEDAR FALLS, Iowa --- The founder of Peregrine Financial Group was breathing but incoherent when his employees found him near death on Monday morning.
Russell Wasendorf, 64, had driven a car behind his office building on Peregrine Way in rural Cedar Falls and tired to poison himself with the vehicle’s exhaust, according to reports released Tuesday by the Black Hawk County Sheriff’s Office.
The sheriff’s office released its short summary of the attempted suicide call as well as radio traffic between dispatchers and emergency crews.
Included is the fact that Wasendorf left a note inside the car “that indicated possible discrepancies with accounts at Peregrine Financial Group which was began by Mr. Wasendorf,” according to the written sheriff’s office synopsis.