Kenneth Langone One on One about MF Global

Spook Story on Halloween Market takes a Header:

Interrupt my normally scheduled program for Halloween this just in MF Global files for BK. Trading on the floor for MF Global traders is stopped  and traders are not allowed to return after the news. But Langone says this what happens when you make bad decisions should not hurt the markets.

Ah we will be watching as this unfolds. Hope your fund manager did not have you vested in any MF Global Bonds.

Rick Santelli has the details. Watch this he is Pissed! how this went down on the floor!

Kenneth Langone, (born September 16, 1935) is a venture capitalist, investment banker and financial backer of  The Home Depot, and a former director of the New York Stock Exchange. He was elected as director of Yum! Brands effective October 7, 1997, and is a member of the Audit Committee.

Langone is also a trustee of  New York University. On July 8, 2010, Geeknet announced that Kenneth Langone was elected Chairman of its Board of Directors  and is now serving as CEO. Langone has an estimated worth of $1.3 billion.

Trick or Treat?  Well that did not take long!

MF Global is the 7th largest BK in US History that is not small friends at all!

11/1/11

FBI To Probe MF Global’s

Use Of Client Money

by THE ASSOCIATED PRESS

WASHINGTON (AP) — MF Global, the securities firm led by former New Jersey governor Jon Corzine, admitted using clients’ money as its financial troubles mounted, a U.S. official says. The FBI is expected to investigate whether the firm’s actions violated criminal laws, according to two people familiar with the situation.

MF Global is the first big Wall Street casualty of the European debt crisis. It filed for bankruptcy protection Monday, after a big bet on European debt threatened to topple it.

An MF Global executive told regulators early Monday that the company had diverted client money, according to an official familiar with a separate probe by regulators. It isn’t clear where the money ended up or what it might have been used for, the official said.

All three people spoke on condition of anonymity because they weren’t authorized to discuss the matter publicly.

This is the latest public embarrassment for Corzine.

He was ousted as chairman of Goldman Sachs Group Inc. in 1999 by executives including Henry Paulson, who later became U.S. Treasury secretary. Later, he lost his bid for a second term as New Jersey governor after sinking millions of his own money into the campaign. Frustrated voters had hoped his banking experience would help him clean up the state’s finances.

MF Global was seen as Corzine’s shot at redemption on Wall Street. He hoped to turn it into a major investment bank and restore his stature in the financial world.

After taking over MF Global last year, Corzine led MF Global to make more trades for the company’s own profits, a practice known as proprietary trading. Proprietary trading helped turn Goldman into a trading powerhouse in recent years.

Under Corzine’s leadership, MF Global bet $6.3 billion on debt issued by Italy, Spain and other European nations with troubled economies. Those bonds have lost value in recent weeks as fears have intensified that some European countries might default.

MF Global reported its biggest ever quarterly loss last week, mainly because of losses on proprietary trading. Credit rating agencies downgraded the company’s bonds to junk status. And business partners demanded that it put up more cash to guarantee its trades. The result was a cash crunch that forced MF Global into bankruptcy court.

Earlier Tuesday, the head of the Chicago Mercantile Exchange said that MF Global had violated rules requiring it to keep clients’ money in separate accounts.

Securities firms are required to keep clients’ money and company money in separate accounts. That makes it easier to repay clients if a broker fails.

Derivatives are investments whose value is based on the value of some underlying asset. MF Global was one of the biggest players in the derivatives market.

The Securities and Exchange Commission and the CFTC have said they and other regulators were monitoring MF Global’s situation for days “in anticipation of a transaction that would include the transfer of customer accounts to another firm.”

The regulators said MF Global had reported “possible deficiencies” in client accounts, but they did not reveal that the company had diverted client money.

The proposed sale through after regulators and the potential buyer, Interactive Brokers, couldn’t make the numbers add up. The discrepancies led to MF Global’s admission at 2 a.m. Monday, the official said.

Trading of MF Global shares was permanently suspended on the New York Stock Exchange Tuesday afternoon.

____

Hays reported from New York. Associated Press writer Larry Neumeister and AP Business Writer Pallavi Gogoi in New York contributed to this report.

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11.11.11 – Official Trailer

Happy Halloween and have a Great Weekend! enjoy the next 4 post:

Also Halloween Trouble

So what’s going to happen on 11.11.11 ?

Probably an avalanche of horrible things… 11/11/11 is a horror-thriller set on 11:11 on the 11th day of the 11th month and concerning an entity from another world that enters the earthly realm through Heaven’s 11th gate. Just that you know…Coming to theatres on Nov 10, 2011 Starring: Michael Landes, Wendy Glenn, Timothy Gibbs, Salomé Jiménez

OK here something for you and even more close to the real deal of numbers lining up lets look at 11/11/1111

The Synod of Rathbreasail marked the transition of the Irish church from a monastic to a diocesan structure.
Henry V is crowned Holy Roman Emperor by Pope Paschal II.
Baldwin VII becomes Count of Flanders.

That’s the best answer and were still here so go out and enjoy the movie. Also the long-awaited game SKYRIM is coming out 11/11/11 now that’s advertising! go and enjoy that too.

Video uploaded by U Tube user 


Wednesday 13 My Home Sweet Homicide

Wednesday 13 My Home Sweet Homicide official music video:

The song is taken from the 2006 album Fang bang.MembersWednesday 13 lead vocals and guitars Jamie Hoover bass, background vocals, organ, guitar Ghastly drums, percussion Kid Kid background vocals and guitar.

My brother once coined a phrase “What is worst then being alone? Wanting to be alone!

That could be no truer words as depicted in this video, ever have that feeling when going home and as you put the key in the door you did not want to be there?

Welcome Home!

Video uploaded by U Tube user


Murderdolls-“My Dark Place Alone”

The official video for “My Dark Place Alone”

The first single from the Murderdolls’ from the record WOMEN AND CHILDREN LAST

Wow this vid puts you in the state where the body is alive but your brain-dead a coma if you will so whats that?

From Wikipedia:

Coma may result from a variety of conditions, including intoxication (such as illicit drug abuse, overdose or misuse of over the counter medications, prescribed medication, or controlled substances), metabolic abnormalities, central nervous system diseases, acute neurologic injuries such as strokes or herniationshypoxiahypothermiahypoglycemia or traumatic injuries such as head trauma caused by falls or vehicle collisions. It may also be deliberately induced by pharmaceutical agents in order to preserve higher brain functions following brain trauma, or to save the patient from extreme pain during healing of injuries or diseases.

In order for a patient to maintain consciousness, two important neurological components must function impeccably. The first is the cerebral cortexwhich is the gray matter covering the outer layer of the brain, and the other is a structure located in the brainstem, called reticular activating system(RAS or ARAS). Injury to either or both of these components is sufficient to cause a patient to experience a coma.

Video uploaded by U Tube user 


Jack and Sally – Love Song

The film Night before Christmas with Jack and Sally: Great Story!

The Cure is picked to play their Love Song I don’t know sometimes a fan can do a better job then the producer.

Take a look!  Happy Halloween

Jack’s obsession with Christmas leads him to usurp the role of Santa Claus, known to him as “Sandy Claws”. Every resident is assigned a task, while Sally, a rag doll woman who was created by the town’s mad scientist, has romantic feelings towards Jack. However, when she is alone, she has a premonition of Jack’s Christmas ending in disaster. When she tells Jack that it would be a bad idea for him to take over Christmas, he misinterprets her anxiety to mean that she is worried when given the responsibility to make Jack’s Santa costume.

Meanwhile, Jack assigns Lock, Shock and Barrel, a trio of mischievous children, to bring Santa to Halloween Town. When he arrives, Jack tells him of his plan that he will take over Christmas this year, much to Santa’s protests. After this and against Jack’s wishes, and largely for their amusement, the trio deliver Santa to Oogie Boogie, a gambling-addict bogeyman who plots to play a game with Santa’s life at stake.

Christmas Eve arrives and Sally attempts to stop Jack with fog, but he embarks into the sky on a coffin-like sleigh pulled by skeletal reindeer and guided by the glowing nose of his ghost dog, Zero. He begins to deliver presents to children around the world, but the gifts (shrunken heads, Christmas tree-eating snakes, etc.) only terrify the recipients. Jack is believed to be an impostor attempting to impersonate Santa.

The army is alerted, and, using searchlights to spot him, they try to shoot him down. The sleigh is shot down and Jack is presumed dead by Halloween Town’s citizens, but in fact he has survived the crash, landing in a cemetery. Although he is depressed by the failure of his plan and the damage it caused, he quickly regains his old spirit by realising that he still tried his best at Christmas and enjoyed it. Having come up with new ideas for next Halloween and wanting to “set things right”, he rushes back to Halloween Town.

Meanwhile, Sally attempts to free Santa, but fails and is also captured by Oogie. Jack slips into the Oogie’s lair and frees both Santa and Sally. Jack then confronts Oogie and avoids his traps. While Oogie tries to escape, Jack uses a single loose thread hanging from Oogie’s sewn rag structure to rip him open, exposing the bugs Oogie is made of. He falls apart, and with Oogie defeated, Santa reprimands Jack before setting off to deliver his presents to the children of the world.

Jack asks Sally how she got into Oogie’s lair in the first place and he realises that she was trying to help Jack because she has feelings for him. When Jack and Sally return to Halloween Town, the citizens rejoice that Jack is alive and soon Santa is seen in the sky, making snow fall over Halloween Town to show that there are no hard feelings between himself and Jack. The townspeople are confused by the snow at first, but soon begin to play happily in it.

Jack follows Sally out into the graveyard after seeing the Doctor with his new creation. Jack and Sally begin to sing of their very strong romantic feelings for each other and then share a passionate kiss on top of the spiral hill in the graveyard. Zero watches them from afar before flying into the night sky forming a bright star shape and ending the film.

Video uploaded by U Tube user 

Canon 7D 2000 fps

Introducing Oton Bacar:

Found this on U Tube and I have to say this is a very talented young man his words below about the film. The young man is also modest.

“Second and final slow motion test…It was filmed months ago. Editing is rough because I don’t have time to work on details. Edited with Twixtor in After Effects. Rain was made with Trapcode Particular 2 in AELens.”

used: Canon EFS 18-135 mm

Shutter speed: unknown

Music: “Seagull”

Video uploaded by U Tube user


Night Pass over Central Africa and the Middle East

This video over Central Africa and the Middle East was taken by the crew of Expedition 29 aboard the International Space Station.

This sequence of shots was taken on Oct. 1, 2011, from 21:20:24 to 21:41:24 GMT, on an ascending pass from just southwest of Cote d’Ivoire in Africa to southern Russia.

The next 3 videos are something to see your hauling ass above the planet.

Thank ISS great vids!

Video uploaded by U Tube user 


Evening Pass over the Sahara Desert and the Middle East

This video over the Sahara Desert and the Middle East was taken by the crew of Expedition 29 aboard the International Space Station.

This sequence of shots was taken on Oct. 6, 2011, from 19:46:23 to 19:58:41 GMT, on an ascending pass from the Sahara Desert to western Kazakhstan. The rust color of the Sahara Desert is the first view in this video.

Video uploaded by U Tube user 


Halfway Across the World

This video was taken by the crew of Expedition 29 aboard the International Space Station.

The sequence of shots was taken on Oct. 8, 2011, from 20:53:10 to 21:24:58 GMT, during a long pass from the mid-Atlantic Ocean between South America and Africa, ascending to the Balkan Peninsula, and finishing on a descending pass southwest toward the Solomon Islands.

I found a video that extends this journey, violine777 (Catherine Laplace-Builhe) puts a great effort in editing this together and added a nice music track to go along with the ride.

Is it me or can you feel something here that is more human, like a divine presence which would be what in your mind? I ask you, the picture of the woman, is she like you? or you like her? I don’t even know you, are you like me? or me like you?

Seems to be all the same, sounds that way and man she is beautiful don’t ya think?

Mark-mb productions

Video uploaded by U Tube user