Article Image
News Link • Justice and Judges

MF'ing Justice

•, by Jim Karger

Corzine, you may recall, bet $6.3 billion on the wrong side of European sovereign debt, a wager his own risk department at MF Global told him was nuts, and a wager so big and so wrong that it wiped out the entire firm.

After the news hit the wire and blood hit the water MF's customers started jumping ship and that is when MF deliberately took customer money as its own to keep its head above water. It was too little, too late. The company filed for bankruptcy protection and Corzine resigned.

Over $1 billion in customer funds remain missing in action.

Depending on who you listen to, Corzine may have known the funds he ordered transferred were customer money. He certainly should have known and there is little dispute he has a serious gambling problem and that he destroyed the savings and lives of hundreds of investors and businesses.

Now, after 10 months of a pretend investigation, one that has not involved so much as an interview by the FBI of Corzine himself, federal prosecutors have decided they are not going to charge him with anything.

Nothing. Nada. Vaya con dios, amigo.

Such is the nature of justice in America's fast lane.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: