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$1 billion vaporizes and Corzine merely sued by government

Credit: veteranstoday.com

Credit: veteranstoday.com

This overblown sentence from Dealbook ignores the real problem. $1 billion was transferred out of MF GLobal in its final days. CEO Corzine failed to prevent it so the feds have sued. Corzine now faces his “biggest fight”? I think not. He’ll send in the lawyers, end up paying a fine, and not go to prison. If we had a functioning legal system, Corzine would be been indicted on criminal charges.

Jon S. Corzine, no stranger to bare-knuckle brawls after spending nearly 40 years on Wall Street and in New Jersey politics, now faces the biggest fight of his career: a showdown with the United States government.

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