STOCK RESULTS DEC 9,11

DOUG AND LAURIE FRI'S 6-9 PM EST ABOUT THE ISSUES OF THE DAY
http://www.usaradio.com/listen_live_usa2.php
LAURIE ROTH SHOW ARCHIVES 2011-DOUG-LAURIE ON MOST FRIDAYS FOR 3 HRS
http://therothshow.com/show-archives/january-2011/
http://therothshow.com/show-archives/february-2011/
http://therothshow.com/show-archives/march-2011/
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http://therothshow.com/show-archives/may-2011/
http://therothshow.com/show-archives/june-2011/
http://therothshow.com/show-archives/july-2011/
http://therothshow.com/show-archives/august-2011/
http://therothshow.com/show-archives/september-2011/
http://therothshow.com/show-archives/october-2011/
http://therothshow.com/show-archives/november-2011/
http://therothshow.com/show-archives/december-2011/
HAGMANN & HAGMANN-JUDI MCLEOD REPORT SAT'S 8-10PM ON BLOGTALK RADIO
http://www.blogtalkradio.com/cfp-radio

LAURIE ROTHS SITE
http://therothshow.com/
DOUG HAGMANNS SITES
http://homelandsecurityus.com/
https://hagmann-pi.com/Home.html
http://theneinblog.blogspot.com/
CANADA FREE PRESS-JUDI MCLEOD
http://www.canadafreepress.com/
I-Q'S SITE
http://www.al-rassooli.com/
OLIVE TREE MINISTRIES SHOWS
http://olivetreeradio.com/OTM2011_07_09A.mp3
http://olivetreeradio.com/OTM2011_07_09B.mp3

OLIVE TREE MINISTRIES SHOWS
http://olivetreeradio.com/OTM2011_10_15A.mp3
http://olivetreeradio.com/OTM2011_10_15B.mp3
http://olivetreeradio.com/OTM2011_10_08A.mp3
http://olivetreeradio.com/OTM2011_10_08B.mp3
http://olivetreeradio.com/OTM2011_10_01A.mp3
http://olivetreeradio.com/OTM2011_10_01B.mp3
JACK VAN IMPES LATEST SHOWS-VIDEO)
http://wm.thegospel.com/jvi/jvi1152.wmv (DEC 31,11)
http://wm.thegospel.com/jvi/jvi1151.wmv (DEC 24,11)
http://wm.thegospel.com/jvi/jvi1150.wmv (DEC 17,11)
http://wm.thegospel.com/jvi/jvi1149.wmv (DEC 10,11)
http://wm.thegospel.com/jvi/jvi1148.wmv (DEC 03,11)
http://wm.thegospel.com/jvi/jvi1147.wmv (NOV 26,11)
http://wm.thegospel.com/jvi/jvi1146.wmv (NOV 19,11)
http://wm.thegospel.com/jvi/jvi1145.wmv (NOV 12,11)
http://wm.thegospel.com/jvi/jvi1144.wmv (NOV 05,11)

DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.

JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

REVELATION 13:16-18
16 And he(FALSE POPE) causeth all,(WORLD SOCIALISM) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/
CNBC VIDEOS
http://www.cnbc.com/id/15839263/?tabid=15839796&tabheader=false

HALF HOUR DOW RESULTS FRI DECEMBER 09,2011

09:30 AM +2.43
10:00 AM +115.25
10:30 AM +125.86
11:00 AM +127.48
11:30 AM +165.59
12:00 PM +159.69
12:30 PM +187.91
01:00 PM +165.56
01:30 PM +178.16
02:00 PM +170.59
02:30 PM +165.70
03:00 PM +198.82
03:30 PM +188.45
04:00 PM +186.56 12,184.26

S&P 500 1255.19 +20.84

NASDAQ 2646.85 +50.47

GOLD 1,718.00 +4.60

OIL 99.44 +1.10

TSE 300 12,034.75 +82.96

CDNX 1547.31 +29.93

S&P/TSX/60 683.36 +5.19

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow +81 points at 4 minutes of trading today.
Dow +1 points at low today.
Dow +165 points at high today so far.
GOLD opens at $1,714.60.OIL opens at $98.03 today.

AFTERNOON,NEWS,STATS
Dow +1 points at low today so far.
Dow +215 points at high today so far.

WRAPUP,NEWS,STATS
Dow +1 points at low today.
Dow +215 points at high today.

GOLD ALLTIME HIGH $1,902.60 (NOT AT CLOSE)

DANIEL 7:23-24
23 Thus he said, The fourth beast(THE EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADE BLOCKS)
24 And the ten horns out of this kingdom are ten kings that shall arise:(10 NATIONS-10 WORLD REGIONS) and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(BE HEAD OF 3 KINGS OR NATIONS).

EU leaders embrace fiscal compact demanded by central bank Today DEC 9,11 @ 01:21 By Leigh Phillips

BRUSSELS - European Union leaders have endorsed a series of rules tightening budget surveillance and institutionalising limits on public spending - the fiscal compact that the European Central Bank (ECB) has demanded before it can more aggressively purchase Italian and Spanish debt.We agreed today on a new fiscal compact and on significantly stronger coordination of economic policies in areas of common interest,reads a statement by the premiers and presidents of countries that use the euro and contained in a wider draft concluding document from all 27 EU leaders and seen by EUobserver.Last week, speaking before the European Parliament, ECB chief Mario Draghi had hinted that the central bank could begin to intervene more robustly in the market if a fiscal compact was reached at the EU summit.All EU leaders, including from states that do not employ the single currency such as the UK and Denmark, said that they have endorsed the decisions taken by the euro area.But employing language stressing the unity of the bloc as a whole, they said: The European Council is determined to preserve the integrity of the EU and the coherence between the euro area and the EU as a whole.States outside not using the single currency have been worried that as deeper integration proceeds apace in the eurozone, decisions affecting all 27 countries will be agreed by the smaller grouping and delivered as faits accomplis to the wider EU.Key to a new legal framework governing the compact will be a golden rule enforcing balanced budgets that must be inscribed in domestic constitutions or at an equivalent level.

Governments will be deemed to have achieved balanced budgets so long as deficits do not exceed 0.5 percent of GDP and the rules will have to include automatic correction mechanisms.The European Court of Justice would be tasked with ensuring that this golden rule is transposed into national law, a watering down of previous proposals by Berlin.For those countries that breach existing EU rules forbidding deficits exceeding three percent of GDP, there would now be automatic consequences unless a qualified majority of states decided otherwise.The eurozone leaders also endorsed new rules proposed by the European Commission on 23 November that give the EU executive far-reaching new powers over domestic fiscal policy decision-making.
Under the proposals, almost all fiscal policy-making would be taken out of the hands of national assemblies and delivered up to European civil servants.Governments in member states that use the single currency would be obliged to submit their budgets to both the commission and the eurogroup of states for vetting - before they are submitted to their own national parliaments.

If the commission does not like what it sees, it can demand changes to the budget, as well as other mid-term plans a government may have for its economy.Those countries that have exceeded EU rules on the size of their debt and deficit would also be subject to tighter monitoring by Brussels and would have to submit regular reports on how they are progressing in trying to correct the situation.The commission would be able to issue recommendations for how this should be done.All eurozone states would also be forced to create independent fiscal councils - bodies of experts unaccountable to parliaments - who would issue budgetary and economic forecasts. A country's budget would in turn have to be based on the reports of these fiscal councils.For countries in deeper troubles and facing serious financial difficulties, Brussels could send teams of inspectors - akin to the Troika monitors sent to member states that have received bail-outs.The overseers could be sent to any state that the commission decides, even if the county has not requested any international assistance.The commission would also be given the power to recommend to the Council of Ministers, representing the member states, that a country should take a bail-out.For the longer term, we will continue to work on how to further deepen fiscal integration, the eurozone leaders say in the draft statement.This will imply more intrusive control of the national budgetary stance by the EU, they continue.Additionally, the draft statement mentions the possibility of moving towards common debt issuance in the longer term and in a staged and criteria-based process, a reference to the establishment of so-called eurobonds, long opposed by Berlin.EU Council President Herman Van Rompuy is to produce a report on such further moves in March next year, a document that is also to tackle the thorny question of relations between the euro-area and the broader EU.

EU to channel €150bn to IMF for its own rescue
08.12.11 @ 20:54 By Valentina Pop and Leigh Phillips

BRUSSELS - EU leaders are discussing an increase of Europe's contribution to the International Monetary Fund by €150 billion, which in turn could be used to rescue troubled euro-countries.Germany does not want the future fund to run in parallel with the current one (Photo: Stephanie Jones)Central banks in the 17 states of the eurozone may increase their contribution to the IMF by a total of €150 billion, a senior EU official told reporters in Brussels under condition of anonymity. Another €50 billion may come from other non-eurozone countries, the source added.Half the sum would go to troubled eurozone countries while the other €100 billion would be made available to rescue programmes all around the world.The IMF solution is intended circumvent opposition from Germany and the European Central Bank to the latter intervening directly to assist countries such as Italy and Spain, the third and fourth largest economies in the euro area.Speaking to reporters on his way into the meeting, Swedish Prime Minister Fredrik Reinfeldt said his country - a non-euro member - is absolutely in favour of the IMF solution, because markets have huge confidence in the well-established financial institution. It should be part of the solution, alongside the eurozone rescue mechanisms (EFSF/ESM),he added.Danish leader Helle Thorning-Schmidt told EUobserver that her country, which also lies outside the single currency, will contribute 40 billion kroner, or €5.3 billion, to the IMF as well. She said her government had already told the national central bank to be ready. For us it is a gesture. We want to show we take our responsibility seriously, the prime minister said.

Leaders at the two-day summit are also trying to overcome German resistance to lifting a €500 billion cap on lending from the existing and future bail-out funds for the eurozone. Berlin has agreed to advancing by one year the bigger and permanent bail-out fund (ESM), which should have come into being mid-2013, but is adamantly opposed to the fund being awarded a banking licence. We think that would be going in a completely wrong direction,one senior German official told media on Wednesday.The official confirmed that talks on how to boost the IMF's lending power were ongoing, but dampened expectations that a deal would be reached over the weekend.The legal wrangling about about a possible EU treaty change demanded by Germany on deficit sanctions and rules have somewhat overshadowed ongoing talks on how best to use bail-out mechanisms and the IMF in saving the euro.Efforts to boost the current bail-out fund, the European Financial Stability Facility, a €440 billion patchwork of loan guarantees as the German official put it, flopped last month after EU leaders failed to attract the hoped-for scale of investment from countries such China and Brazil.The permanent fund (ESM), agreed upon last year when it became clear that the EFSF was insufficient, is still pending ratification in all 17 eurozone countries - a process leaders hope to fast-track.But the Slovak experience, with its government collapsing earlier this year over the ratification of the law just enabling the ESM to be set up, indicates what hurdles still lay ahead.

ECB cuts rates, defies expectations

As EU leaders headed into a crunch summit, the European Central Bank cut interest rates and introduced a range of measures to aid Europe’s troubled banking system, but defied hopes that the institution would aggressively expand its government bond-buying programme.The ECB unveiled a quarter-point cut to its rate, down to one percent.As banks have increasingly been closed off from funding from each other and other sources, the sector has become addicted to liquidity provided by the central bank. However, fears have grown that they may be reaching the limit of what they can provide as collateral.Responding to the problem, the ECB has now relaxed what it will accept as collateral against loans to banks.In another move intended to ease the pressure on the sector, the ECB reduced the ratio of deposits the banks must park with national central banks from two percent to one percent.However, the bank made no moves to boost its purchase of government debt in Italy and Spain, a development bank chief Mario Draghi hinted at last week when speaking the European Parliament.Separately, the European Banking Authority announced the results of a fresh round of stress tests of the continent’s financial institutions, declaring that some 30 banks across 12 countries out of 71 tested, must recapitalise themselves to the tune of €114.7 billion by next June.Spanish banks - hit by the worst funding shortfalls - must fill gaps totalling €26.2 billion, followed by Italian banks, which must plug a hole of €15.4 billion.In Germany meanwhile, banks face a gap of €13.1 billion, a substantial increase on the €5 billion shortfall the EBA estimated in October.

France and Germany detail sweeping changes to eurozone set-up 08.12.11 @ 09:26 By Leigh Phillips

BRUSSELS - The Franco-German powerhouse at the heart of the EU has proposed a series of sweeping changes to the bloc's institutional set-up in an effort to bring an end to the eurozone crisis that has laid low European economies and threatened the survival of the Union.German Chancellor Angela Merkel and French President Nicolas Sarkosy in a joint letter to EU Council President Herman van Rompuy delivered on the details of what they agreed last week must be altered in the eurozone.The current crisis has clearly demonstrated the shortcomings of the architecture of EMU [European Monetary Union]. We must address these deficiencies,the two write.We believe that we need to strengthen the architecture of the economic and monetary union by going beyond the necessary measures that are urgently needed for the immediate settlement of the crisis, they continue.These measures should be taken without delay. We believe that this is essential for the credibility and confidence in the future of economic and monetary union.The two are looking to a treaty change to achieve the reconstruction of the single currency area, to be agreed on Thursday (8 December) at an EU summit in Brussels and approved as soon as March next year.

If it is not possible for all 27 EU member states to agree on the changes, they warn that the 17 members of the eurozone must forge ahead without them.The core of the proposals would see a new framework of tough rules on fiscal policy that would enforce a limit to national budget deficits of three percent as a proportion of gross domestic product.This maximum would be backed up by automatic penalties that could be imposed on eurozone states.Such budget limits should in turn be inscribed in national legislation - a golden rule - setting in stone balanced budgets.The two leaders also said they wanted to see regular eurozone summits at least twice a year, and monthly for as long as the crisis lasts.The duo want to see the implementation of the bloc's permanent rescue fund, the European Stability Mechanism brought forward to 2012 - a year earlier than originally planned.And, in a move that is already being opposed by some smaller member states, Merkel and Sarkozy also want to see management of the bail-out funds streamlined by moving from unanimity to majority-based approval of decisions.Both also make clear that private-sector involvement in rescues will be strictly limited to Greece and that no such write-downs would occur with any other states whose solvency is in question.
Rounding out the changes to the bloc's set-up, France and Germany want to see a convergence of labour-market regulation and a harmonisation of the corporate tax base.The pair also backed the introduction of a financial transactions tax across Europe.

Montenegro and Serbia fail to get EU candidate status
Today DEC 9,11 @ 01:46 By Valentina Pop

BRUSSELS - Leaders are to grant Serbia EU candidate status in March 2012 provided it steps up talks with Kosovo, while Montenegro's membership talks will start in June pending a crackdown on corruption and crime.EU enlargement is slowing down as the bloc struggles with the economic crisis (Photo: European Commission)With a view to granting Serbia the status of candidate country by March 2012, EU leaders ask for more progress in talks with Kosovo, according to draft conclusions seen by EUobserver.Serbia had hoped to be given candidate status at this EU summit after earlier this year handing over top war crimes suspects to The Hague and last week agreeing to joint customs and immigrations checks with Kosovo.But Germany - backed by Austria, Denmark, Finland and the UK - said the Kosovo deal was too little, too late after Kosovar Serbs injured Austrian and German Nato soldiers with live ammunition and rocks last week.The three other if-s attached in the EU draft conclusions - implementation in good faith of the customs deal, inclusive regional co-operation and allowing EU police and Nato troops to execute their mandate in north Kosovo - indicate that even the March date is not set in stone.It won't happen if they start shooting German troops again, one senior EU official told this website on condition of anonymity.

The March date is important because Serbian President Boris Tadic - the EU's biggest ally in Belgrade - faces parliamentary elections in May.For his part, Nato chief Anders Fogh Rasmussen earlier this week said Serbia should get status this year.But a senior Nato official at the same press breifing in Brussels said people do not buy Serbia's line that it does not control the north Kosovo militants.We welcome President Tadic's call on the Serbs to remove the blockade and we want to see that happening. Serbia still has links in this part of the world, we would appreciate its help to restore freedom of movement,the official said.Meanwhile, Montenegro - which split from Serbia in 2006 but, unlike Kosovo, is recognised by Belgrade as an independent country - will start EU membership talks in June 2012, the draft conclusions said.The EU leaders noted it still has work to do on tackling organised crime and corruption.A special report by the European Commission in the first half of 2012 will also looking at how the new country protects fundamental rights and guarantees the independence of its judiciary.

Stop criticising Merkel, Danish PM says
08.12.11 @ 23:12 By Honor Mahony

BRUSSELS - With Denmark taking over the EU presidency in January PM Helle Thorning-Schmidt has said she will fight to make sure that fellow non-eurozone countries are involved in all discussions concerning the internal market, as the eurozone crisis drives a potentially major wedge between those in and outside the single currency.I have no problems understanding that the 17 need to discuss certain things themselves. I think that is natural. But when we are discussing things that concern the internal market, we should all 27 be around the table, she told EUobserver ahead of a key summit of EU leaders.She added that she would have huge difficulty understanding if the 10 non-euro states were excluded from general issue debates.

Thorning-Schmidt's comments come as a Franco-German paper, feeding discussions in the summit, suggests that eurozone countries should meet once a month during the crisis to discuss competitiveness and growth issues - topics that non-euro states believe pertain to the EU club as a whole.The split between the Ins and the Outs, as they are colloquially known, has deepened alongside the eurozone crisis.While single currency countries, led by France and Germany, are pressing ahead with tightening economic governance rules, non-euro countries are worried that they will have no control over decisions that could potentially affect the single market.The rift has seen the non-euro states conduct their own meetings in parallel to eurozone meetings.
It is very important in a time of crisis that we stick to the 27 member states, our common method, our acquis [EU laws] - all the things that we have built up over the years,said Thorning-Schmidt.The Danish premier refused to criticise Berlin’s leadership in the crisis, despite the fact that Germany’s approach has raised hackles in some quarters both on substance and style.Anyone who criticises Chancellor Merkel for taking too much responsibility would have to see the opposite situation where Germany did not take that kind of responsibility, she said.With most member states considered reluctant to open the EU treaty to enshrine tighter budgetary surveillance, Thorning-Schmidt gave unequivocal backing to the idea.We can accept treaty change. We want to discuss with our partners what kind of treaty change is needed.She also indicated she supported a full-blown negotiation process, involving MEPs and MPs, so long as it is limited in time and scope.The reason why we involve the European Parliament is because we want to have a widespread European debate about these treaty changes.

Any treaty change would not see Denmark attempt to change its policy on the euro, however. We have an opt out on the euro and we are not intending to put that to the vote, she said.Highlighting the constructive role that non-eurozone countries can play, Thorning-Schmidt said Denmark's central bank would be stumping up €5.3 billion to the EU's contribution to the International Monetary Fund.For us, this is a gesture as well. We want to show that we are taking our responsibility seriously. I come here today with not only our backing of our central bank being involved but also a positive attitude towards treaty change.Aware that treaty talk can take over EU discussion to the exclusion of everything else, Thorning-Schmidt pledged to keep the Danish presidency focused on more concrete policy issues too.We will deal with the crisis, but we will also try and take some solid decisions for Europe,she said, referring particularly to Copenhagen's focus on green growth.

Tip: National Guard Unit Stands Down After Firing on Americans Questionnaire-Oath Keepers Receive Tip of National Guard Unit Stand-Down, Refusing to Answer Questionnaire Asking if They Would Use Lethal Force Against the American People Oath Keepers.org December 8, 2011

COMMENT FROM ALEX JONES: Again, this remains unconfirmed but would be very significant if verified. We will update once this information has been vetted. We know that there was a confirmed stand down during Hurricane Katrina. This new information would fit in with other movements we’re observing and continuing to investigate now.The below tip was posted on the official Oath Keepers Facebook Page by user Pat Lowe. We are in the process of verifying this tip, so it is as of yet unconfirmed, but we wanted you to be aware of it (it certainly would be good news for a change!). We will post and send out updates as we confirm and verify.Message on Oath Keepers Facebook Page:http://www.facebook.com/groups/163945586998396

Paul Lowe I hope you enjoy this great news as I did when I was told.Paul Lowe
OUTSTANDING!! I just left my neighbors house. Devon is with the National Guard for this area. He just got home from a EDRE (emergency deployment readiness exercise) at the armory. He said that during the exercise 3 companies of infantry were polled by questionare about the drill and it’s purpose. One of the questions was, will you as a member of the Nat. Guard use lethal force against the American public if ordered to do so? One of the men stepped forward and refused to take the poll and explained that it was a moral judgement on his part and that he could not do so. He then placed his weapon on the ground and fell in behind the formation. Devon said it was like a waterfall, Every member layed their weapons on the deck and fell in beside the one lone specialist. This included ALL NCO’s, STAFF NCO’s and SENIOR NCO’s. The only people left in front of the original formation was 3 Capt’s. 2 Lt’s and the BN Commander who was so upset he started having chest pains from yelling and screaming about court martials and disbandment of the unit into other units. Devon is a Mstr.Sgt and he went with his troops and told them that he could not be prouder of any of them. He was floating while he was telling me this. Maybe we have more than just hope on our side. SEMPER FI. my thanks for the honor of being here Robert.

Paul Lowe

I just heard from Devon. He was TX’d by his Plt LDR and advised that the Specialist Who first layed down his weapon is being held in county jail by the Bn CMDR, awaiting a hearing under the UCMJ. Devon couldn’t get any more info than that. I don’t want to post the mans name until we have more information. I am so upset by this that I am having chest pains. How can they do this to one soldier and not them all. I will let you know how things go. Think I might go lay down for a bit. SEMPER FI.Gary Greene-That is great, sort of, to hear. That the officers wont stand by THEIR oath is troubling. Where is this?

NOTE FROM STEWART RHODES:Again, this is unconfirmed, and we are working on confirming it. Please keep that in mind. But this is certainly the kind of mass, whole-unit stand-down that may well become necessary, especially in light of the treason of the US Senate, which voted 93-7 to authorize military detention and trial of U.S. citizens — claiming the power to apply the laws of war to the American people in the same way as they are used on a conquered, enemy population, like Iraq or Afghanistan. While National Guard units can, and have been used for riot control without violating their oath, we suspect that this survey was asking them about whether they would do something far worse than just keep the peace during riots. We will do our best to get to the bottom of this, and provide all details once confirmed.If accurate, this is reminiscent of the stand-down during Katrina by SSGT Joshua May’s Utah National Guard Unit, where the whole unit let their commander know, in a peremptory refusal, that they would not participate in any gun confiscation:
http://www.youtube.com/watch?feature=player_embedded&v=2HRZfvtYlCY

MF Global Swindle: House Committee Not Likely to Play Hardball with Corzine Kurt Nimmo Infowars.com December 8, 2011

Editor’s note: Following opening statement at Corzine’s House hearing, the video and audio feed on C-Span went mysteriously dead.It looks like John Corzine’s appearance before a House committee will be little more than a formality. Corzine, the former Goldman Sach’s CEO, New Jersey governor, and boss of MF Global days before it went toes up and made off with $1.2 billion in customer money, is expected to say little or nothing and take the Fifth.Corzine has retained Andrew Levander, a hired high-powered white-collar criminal defense lawyer, the New York Post reported yesterday. Sources told the newspaper Levander advised Corzine not to tell his side of the story during the House grilling today.The former MF Global boss has apologized to customers swindled out of money.The MF Global implosion is the largest since the 2008 bankruptcy of Lehman Brothers, in part triggered by $6 billion in gambling on European sovereign debt.I simply do not know where the money is, or why the accounts have not been reconciled to date, he declared in a written statement. He said he was not sure if there were operational errors at MF Global or elsewhere, or whether banks and counterparties have held onto funds that should rightfully have been returned to MF Global.According to the Associated Press, Corzine will tell Congress he inherited a firm doomed by the risks his predecessors took. Since his resignation from MF Global, Corzine will argue, he hasn’t had access to certain information he might need to reconstruct the events that occurred during the chaotic days and the last hours leading up to the bankruptcy filing.

According to Gerald Celente and others swindled by MF Global, Corzine should be arrested, jailed, and put on trial like any other accused felon.Celente insists that Corzine is not in jail because he is busy holding 35 thousand dollars a plate dinners for Obama fund raisers… he was slated to be the new US treasury secretary after the brilliant Timothy Geithner left if Obama wins the next term.Earlier this year, Corzine was rumored as a possible replacement for the embattled Timothy Geithner at the Treasury.As Luke Matthews notes, it is not likely Corzine will ever see the inside of a prison cell. He is well connected politically and it is not likely the House or Senate will play hardball with him. Most of the recipients of $111,500 in contributions from Corzine and his relatives since he lost the 2009 election were national committees or U.S. Senate candidates in other states, including $1,000 to Sen. Amy Klobuchar, a Minnesota Democrat who voted to give the Senate Agriculture Committee the authority to subpoena Corzine.
http://www.youtube.com/watch?feature=player_embedded&v=V4Bddny29GQ