The Wall Street Journal reports that a new report on the MF Global fiasco ”blasts” Mr. Corzine, he won’t be seeing any time. In fact it appears that he won’t even be sued, but that instead the case will now go to arbitration.
Tag Archives: Corzine
Our Ponzi Economy: The Financial System is Now Based Fundamentally on Lies
How a Secret Mortgage Settlement with the Banks Actually Saves the Banks Billions
The big banks and the government have become one. Regulation has been completely captured and now banks and government do what is little more than a PR dance for the public whenever anything goes wrong.
John Allison, Former CEO of BB&T Explains Why Businesses Embrace Cronyism
One reason is to keep out competition with the help of the state.
Boy—If Corzine Could Have Held On—He’d be a Rich Man Today! Well, Richer.
Goldman Sachs Takes Over the Bank of England
Technically one of their alums is taking over the Bank of England, Mark Carney, but it is pretty clear that the “vampire squid” now holds sway over nearly the entire European banking system.
Goldman Sachs Tells Washington What To Do – Again
You will recall how a former CEO of Goldman Sachs, Hank Paulson, ran the Crash of ’08 as Bush’s treasury secretary by getting an ethics waiver so that he could talk almost every day with Lloyd Blankfein, CEO of Goldman Sachs.
Congress Wraps His Knuckles, But Corzine Is Let Off the Hook
“I’m no prosecutor, but this reluctance to hold Corzine criminally responsible for what happened at MF Global seems like a crime in itself.”
It’s Been 1 Year Since the Death of MF Global
Futures Magazine examines MF Global’s “Original Sin.”
Why No Perp Walks on Wall Street 4 Years into the Economic Crisis?
We are coming up on the 1 year anniversary of MF Global’s implosion yet Jon Corzine still roams free. He still holds that he has no idea where the $1.6 billion went to.
“It was there one minute, and then, it just disappeared. I wish I could help but I am just as befuddled as you. In the mean time you don’t mind if I jet out to the Hamptons while you guys sort this out do you? It is so nice by the sea this time of year.”
But Corzine is just one of dozens of bankers who in another era would have seen a pair of wrist shackles. Why is this era so different? Why in this time of unprecedented economic carnage and obvious chicanery has no one gone to jail?
