After what seems like years trying to untangle this financial "jig-saw puzzle" by two "pitbull trustees, numerous Regulatory investigations, Congressional Hearings, FBI investigation, a worldwide search for "customer money ", a bankruptcy and wrangling with British Administrators of funds, it appears that US Customers will actually be "made whole"! Amazing, great news.
Jon Corzine , who has been dragged through the mud , actually may be vindicated by the whole process. His $6.3 billion bet on European Bonds paid off . US Customers will not lose their life savings. Although European customers won't fare as well. Anyhow, the beat goes on.
Hey, another day "on the Street"!
Steve Goldman reporting.
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