No Justice For Wall Street - J. Corzine

Discussion in 'Politics' started by Listening, May 28, 2012.

  1. Listening
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    Listening Gold Member

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    The second said that disgraced former New Jersey Gov. and Sen. Jon Corzine took home more than $3 million in the last year as he was running MF Global into the ground. In what may be the 2011 prize for chutzpah, Corzine made it a point that he would not press for $12.1 million in severance payments from what is now a corpse of a company. Gee, thanks, Jon.

    In case you’re counting, it’s been seven long months since Corzine’s firm was forced to file for bankruptcy, leaving 3,200 people without jobs. That’s about the number who work at Facebook.

    Since then, not a penny of the billion-plus in “missing” funds has been recovered. Mr. “I Don’t Know Where the Money Is” hasn’t even been hit with civil charges, after he assured Congress late last year that he “never intended” to break any rules.

    Perhaps not. But in the commodities pits in Chicago, the anger is palpable. “Someone at MF Global made the decision to swipe customer money,” John Roe, head of the Commodities Customer Coalition, told the Financial Times. “If nothing happens, this means people can misuse customer funds and have no criminal liability.”

    If Corzine didn’t order the transfer of assets, he should be forced to testify about who did and why he didn’t supervise the transactions.

    Many industry executives have now resigned themselves to the idea that there will be no charges forthcoming, despite the massive losses incurred by upwards of 30,000 customers.

    Little wonder. Corzine, who is considered one of President Obama’s most effective “bundlers” of campaign contributions, used his influence with laser-like focus before the firm’s demise.

    Read more: Terry Keenan: Lack of charges for former MF Global boss Jon Corzine shows there's no justice on Wall Street - NYPOST.com

    We need more regulations !!!

    The ones we have don't seem to do any good. Or does Obama really want to press Corzine in court ?

    Three million.......After losing how much ?

    And the morons on the left gripe about Bain ?

    ROTFLMAO
     
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  2. The Rabbi
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    The Rabbi Diamond Member

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    It is the crony capitalism the Obamaites have been playing for the last 3 years.
     
  3. Listening
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    Listening Gold Member

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    The problem with the left is that it all looks good on paper.

    But when it comes right down to it....they won't enforce it (and they whine about the right).

    I have not heard much about the automatic cuts, but it seems they were balking at those. After saying it was great they could bypass the system to make the cuts.

    Go figure.
     
  4. The T
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    The T George S. Patton Party Supporting Member

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