Jerry Mazza
Intrepid Report
Posted on December 9, 2011 by Jerry Mazza
What follows is a shockingly revealing interview conducted by James J. Puplava CFP, President and Chief Investment Strategist at PFS Group in San Diego. On his radio show, Financial Sense Newshour, he speaks with broker Ann Barnhardt, who pillories Jon Corzine for his unprecedented theft of MF Global investor accounts. She claims, and rightly so, that Corzine committed the most egregious financial crime when he comingled client monies with company monies in high-risk investments, without informing clients, literally stealing their money. This occurred while the Chicago Mercantile Exchange [the “Merc” duh] looked on and did nothing.
What is most interesting and hopeful is her level of passion for fair dealing and honesty in finance. When asked by Jim Puplava, “Why, after being a commodity broker for eight years and having formed your own independent brokerage for six years, did you make the painful decision to shut a couple weeks ago, to shut your doors because you felt your clients’ money and positions were no longer safe? What had led your to draw those conclusions?”
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