Tuesday, April 24, 2012

So, What's the Deal With Corzine?

Just because Corzine is an Obama supporter, is he going to get a free pass?  Madoff should have thought of this: "hey, it was just an accident!"  Or, perhaps: "I never intended to mislead anyone."  Would that have gotten Bernie Madoff a free pass?  I don't get why Madoff is in jail and Corzine is free as a breeze.

It looks like Corzine is getting a free pass on the $ 1.2 billion of customer money that disappeared on his watch at MFGlobal.  If there is a difference between what Corzine did (presiding over the looting of customer accounts, protected by law as segregated from firm accounts) and what Madoff did (running a ponzi scheme with customer money), I fail to see the distinction.  Why is one guy behind bars and the other guy still the President's best buddy and on the loose?

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