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Tuesday, January 31, 2012

That answers a lot

Have you ever wondered how it is that MF Global could "misplace" 1.2 billion dollars of its customers' money and no action gets taken against its chairman Jon Corzine? Corzine, of course, is a former senator and governor in New Jersey with close ties to the Obama administration. Corzine resigned as CEO of MF Global just when it filed for bankruptcy and the fact of the missing funds became public. Today, the Weekly Standard reports that according to the website of the Obama campaign, Corzine has already raised over half a million dollars for the Obama re-election effort. Could there be any relationship between all that fundraising and the lack of any indictment efforts by the Department of Justice concerning the "disappearance" of all those customer funds? Everyday seems to bring another scandal where Obama helps out big contributors. First was Solyndra, then four other "green energy" schemes. Now comes Corzine. It stinks; it truly stinks!

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