Perdido 03

Perdido 03
Showing posts with label Jon Corzine. Show all posts
Showing posts with label Jon Corzine. Show all posts

Wednesday, August 15, 2012

Corzine, Top Execs To Get Away With MF Global Robbery

Leave the poor 1% robber barons alone!!!!!! They work really, really hard and sometimes they just, you know make mistakes:

A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.

After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.


Just more evidence of how crooked and corrupt this country is.

Michael Fiorillo likes to say this is what a banana republic looks like.

He is exactly right.

Saturday, March 3, 2012

I Thought It Was All About Accountability

The Mayor of Money and his toady chancellor declared today that they had to release the Teacher Data Reports with the 87% maximum margins of error because "it's all about accountability":

This morning, after a week in which Mayor Bloomberg defended the release, Walcott revised his message.

“It’s all about accountability,” he said, appearing on a panel in Washington, D.C., with Bloomberg and the mayors and schools chiefs of Chicago and Los Angeles.

“It’s all about accountability,” Walcott added. “And as the mayor indicated, parents have a right to have this information. What I’ve been trying to do is making sure that the entire New York City community understands that this is a limited piece of information and they have to view the teachers in their full context.”


Meanwhile Jon Corzine and his merry crooksters at MF Global made $1.2 billion in customer cash disappear and NOBODY is going to be charged with a crime:

Federal authorities are struggling to find evidence to support a criminal case stemming from the collapse of MF Global, even after a federal grand jury in Chicago has issued subpoenas.

Investigators, unable to find a smoking gun amid thousands of e-mails and documents, increasingly suspect that chaos and poor risk control systems prompted the disappearance of more than $1 billion in customer money, according to several people involved in the case.

When the money first went missing, prosecutors in New York and Chicago scrambled to stake a claim. Now, four months later, both Preet S. Bharara, the United States attorney in Manhattan, and Patrick J. Fitzgerald, his counterpart in Chicago, are shying away from leading the case, one of those people involved in the case said.

Indeed, a number of federal prosecutors have expressed doubts to others involved in the case that anyone at MF Global — including the firm’s chief executive, Jon S. Corzine, and back-office employees in Chicago — intentionally misused customer money, said people involved in the case who were not authorized to speak publicly about the investigation.

See - it is all about accountability.

Make $75, 798 a year as an 8 year teacher and you are going to be held accountable for your performance, mister!

Run MF Global into the ground and allow somebody to steal $1.2 billion and nothing happens to you.

Kinda like how nobody from the Bloomberg administration has answered for any of the tech scandals that allowed crooks to steal close to $1 billion in cash.

Oops!!!

Sorry...Hey, look over there! A teacher with tenure!!!

He must be guilty of something...