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Robert Kuttner: Why Corzine Won’t Do Time

Posted in Main Blog (All Posts) on December 5th, 2011 5:44 am by HL

Robert Kuttner: Why Corzine Won’t Do Time
Will Jon Corzine, former U.S. senator, former New Jersey governor, former chairman of Goldman Sachs, end his high-profile career in the slam? Don’t bet the farm on it. Corzine’s most recent gig was as head of MF Global Holdings, the firm that went bust when Corzine made some $6.3 billion in unfortunate wagers that European sovereign bonds were a bargain. But MF Global apparently not only bet its own wad but threw over a billion dollars in segregated customer funds into the same transactions; hundreds of millions of money from customer accounts went missing. A lot of the money is still unaccounted for. Mixing customer money with the firm’s own proprietary bets is illegal, big time. Or is it?

Russian Putin Supporter Thrown Into St Petersburg River (VIDEO)
A YouTube video has been posted online that shows a supporter of Vladimir Putin’s party, United Russia, being picked up and thrown into a river…

Michele Bachmann Lobbied For Campaign Donor’s Pardon
ProPublica’s Dafna Linzer reports: Long before Rep. Michele Bachmann, R-Minn., set her sights on the White House, she became embroiled in a donor’s request for…

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