Friday, March 9, 2012

Why is Corzine not in jail?

That's a question surely many investors in MF Global are asking themselves these days, same as Roger Kimball here in this sickening accounting of the havoc this crook wreaked on all MF's stakeholders.  It is really disgusting that these guys are free to run rampant on Wall Street fleecing trusting investors who mostly think they are protected by regulations and laws from being taken advantage of like this.  Corzine reached the pinnacle of the finance "profession" as well as government and yet underneath it all he's just a crook.  No he's not been convicted of anything at this point, however when your company loses 1.6 billion of your clients' money and you don't know where it went, you are guilty of gross negligence or worse and should go to jail.  Truly makes one wonder about the kind of people attracted to Wall Street.

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