Jon Corzine deserved to be on trial for the theft he helped perpetuate at MF Global though I’d prefer to see him go straight to sentencing.
Jon Corzine brought down MF Global, a firm that was successful until he came aboard. He accomplished this immediately after he dragged New Jersey down into the sewer while he served as Governor.
MF Global is still missing the $1.6 billion in client funds, and there is strong evidence that Corzine was involved in the theft (possibly out of incompetence) and cover up.
So why isn’t Corzine in jail?
It was previously thought that it was because of his relationship with Obama.
It turns out the reason is possibly more sinister than that. It’s all about the cronyism.
Those wondering why the Department of Justice has refused to go after Jon Corzine for the vaporization of $1.6 billion in MF Global client funds need look no further than the documents uncovered by theGovernment Accountability Institute that reveal that the now-defunct MF Global was a client of Attorney General Eric Holder and Assistant Attorney General Lanny Breuer’s former law firm, Covington & Burling.
Records also reveal that MF Global’s trustee for the Chapter 11 bankruptcy retained as its general bankruptcy counsel Morrison & Foerester–the very law firm from which Associate Attorney General Tony West came to DOJ.
As Government Accountability Institute President Peter Schweizer explains in the Washington Times Thursday, the trustee overseeing MF Global’s bankruptcy is former FBI Director Louis Freeh. At Holder’s Senate confirmation hearing Freeh served as a character witness for Holder and revealed that Holder had previously worked for Freeh. “As general counsel,” Freehsaid, “I could have engaged any lawyer in America to represent our bank. I chose Eric.”..
This is so corrupt that crony socialism is the only descriptor that comes close enough to describing these incestuous relationships among party members as they reward and protect each other.