The Justice Department Supports the US Postal Service Monopoly

Yet, somehow, Jon Corzine is still roaming the streets looking for his next financial fraud scheme. I have almost lost my ability to be surprised by anything Mr. Holder and his partners in crime dream up. Continue Reading →

Jon Corzine Will Get Away With It With a Little Help From His Friends

Ms. O’Brien declined to cooperate with the investigation without receiving immunity from criminal prosecution. But the government is hesitating to grant her request, according to the people close to the case, fearing that doing so would set a bad example for future investigations. Continue Reading →

Will MF Global Get Away With It?

For those who have been asleep for the last six months, MF Global collapsed after making a highly leveraged (40:1) bet on European currencies. Mr. Corzine was the CEO who developed this great “strategy.” No problem so far. But there’s the small matter of $1.6 billion missing from supposedly segregated customer accounts. According to Mr. Nocera, that’s 25% of the total balance in customer accounts at MF Global. Continue Reading →