Wall Street skates again

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A ten-month investigation into the collapse of brokerage firm MF Global and one billion dollars in customer money that disappeared is unlikely to lead to any criminal charges according to those involved with the case.

Former New Jersey Governor John Corzine is the former chief of MF Global and has been at the center of this investigation – yet it looks unlikely that he’ll be held criminally responsible, as investigators believe too much risk taking and not fraud was behind the disappearance of a billion dollars in customer money.

Corzine now joins the long list of other bankers who get off scot-free in America after screwing over their customers.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 9:59 am

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Obama & Holder are not going to prosecute the former democrat Senator and Governor from New Jersey?

At lease Bush got 1300 of them convicted.

Obama has zero.

http://dailybail.com/home/convicted-bush-1300-clinton-1000-obama-00.html

Redwing's picture
Redwing
Joined:
Jun. 21, 2012 4:12 am

Neither Bush nor Clinton had the "Citizens United' ruling hanging over their heads and an election to consider. It isn't wise to offend one's banker(s).

Obama is just another neo-liberal politician...just like his neo-liberal opposition. He isn't a saint, and is far from being a statesman.

As Simon Johnson, former Chief Economist of the IMF noted, "the finance industry has effectively captured our [U.S.] government." Perhaps you're unaware of how elites of a nation actually run a nation: Governments and Presidents don't respond to what elites dis-allow. Let Mr. Johnson educate you with this Stanford Univ. link:

http://fcic-static.law.stanford.edu/cdn_media/fcic-testimony/2009-1020-Johnson-article.pdf

Thinking that will change under Romney is naive thinking. He won't offend his banker(s) either. The little fish are fair game. Most have been gobbled up. The Big Fish are off limits.

Retired Monk - "Ideology is a disease"

polycarp2
Joined:
Jul. 31, 2007 3:01 pm

Excuse # 15/150

Redwing's picture
Redwing
Joined:
Jun. 21, 2012 4:12 am

You guys are doing a great job with the nihilism.

Maybe we should give up on America.

Which way are you rats running?

anonymous green
Joined:
Jan. 5, 2012 10:47 am

Currently Chatting

The other way we're subsidizing Walmart...

Most of us know how taxpayers subsidize Walmart's low wages with billions of dollars in Medicaid, food stamps, and other financial assistance for workers. But, did you know that we're also subsidizing the retail giant by paying the cost of their environmental destruction.

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