Both legacy parties collude to keep Jon Corzine out of jail
In case anyone missed the news — and judging by the fact that there aren't angry mobs storming Washington, everyone missed the news — Congress recently absolved Jon Corzine of being criminally responsible for actions that "wiped out thousands of jobs and billions of dollars of customers' and creditors' money."
The congressional report states, "Choices made by Jon Corzine during his tenure as chairman and CEO sealed MF Global's fate." Turns out, these choices include the unlawful transfer of its customers' money. Oh well. We all make mistakes.
This statement of responsibility, which carries no punishment, comes from the same institution we're expecting to steer us away from a series of fiscal measures so extreme that neither party would be able to stomach their implementation. Good luck with that. ...
Republicans got first shot at Mr. Corzine. In an audacious statement of the obvious, GOP Rep. Randy Neugebauer of Texas stated, "We found that Jon Corzine contributed greatly to the demise of this company. … There was a breakdown in communication in the regulatory community." [Way to throw that red meat, there] And of course, neither of the above is considered a criminal offense, until you couple it with the $1.6 billion shortfall (i.e., vanishing into thin air) of customer funds.
To date, the money is still unaccounted for. Thousands with MF Global lost their jobs and reputations. All the while, Mr. Corzine, a major contributor to the Obama campaign, maintains a net worth estimated to be in excess of Mitt Romney's by $50 million to $150 million. ....
The Associated Press reports that "much of the missing money belonged to farmers, ranchers and other business owners" who were looking to protect their farms, ranches and businesses from financial losses resulting from natural price fluctuations. Turns out, it was the protectors that they needed protection from. Had they simply put in a few years at Goldman Sachs and then a little glad-handing with the political elite, they could have simply been absolved of their losses. Like Mr. Corzine.
The next time you hear a member of Congress start to lecture us on the need for economic fairness, ask yourself how any institution that oversees a farce of this magnitude can use the word with a straight face. This is the same institution that we're counting on to steer us away from the fiscal cliff? I wouldn't hold out hope.
Of course, Reed -- surprisingly, since he's from Baltimore -- isn't cynical enough, since the so-called "fiscal cliff" is a scam run by the same perps looking for another pile of money too loot.
And this shows the intensity of the kabuki going on in the 2012 election, no?
I mean, Corzine was a Democrat, a top bundler, his company went bellly-up, and his company looted millions and millions of dollars from customer accpunts, which is against what we used to think of as "the law" ha ha ha, stupid us. And his net worth is $150 million.
So, did the Republicans make an issue of this? Of Democratic corruption? Of course not. Look! Over there! Solyndra! Look! Over there! [stupid gun flap whose name I forget]. Look! Over there! Benghazi!
And now both parties compete to see which one can give Corzine the fewest lashes with the softest wet noodle. What a farce.