20 votes

No Criminal Case Is Likely in Loss at MF Global

Surprise surprise. Looks like the politically well-connected Corzine is off the hook for criminal charges.

Now they're going to interview him and no doubt that will be used to "crackdown on loopholes in regulation". In other words, they'll use this to build a case for more regulation that favors the crony capitalist types. Heck, maybe they'll even appoint Corzine commissioner of some oversight committee!

A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.

After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.

http://dealbook.nytimes.com/2012/08/15/no-criminal-case-is-l...




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Maybe I won't pay the IRS and see what happens...

I'll just tell the IRS that there was "chaos and poor risk controls" that caused me to make errors on my tax return.

Corzine should be in prison

Instead, he will probably get his own show on CNN or a position in the next Obama administration.

Oh I forgot, a job at CNN is a position in the Obama administration!

I like to use this one word to describe them

Crooks.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

The first comment under this

The first comment under this article read (and I paraphrase)," If only he had smoked a joint while stealing a billion of his customers dollars, then there would be real repurcussions." A perfect cynical assesssment. And that about suummed up how I see the entire "justice" system. Designed to keep us in line while TPTB and their cronys are encouraged to rape, pillage and steal.

If my need to be RIGHT is greater than my desire for TRUTH, then I will not recognize it when it arrives ~ Libertybelle

+ 1

That is a terrific comment.

Thanks.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15