Corzine shows there’s no justice on Wall St.
Read more: http://www.nypost.com/p/news/business/corzine_shows_there_no_justice_on_EdUwVFlpOR4966IyltGvBN#ixzz1wBTjOkna
"Little wonder. Corzine, who is considered one of President Obama’s most effective “bundlers” of campaign contributions, used his influence with laser-like focus before the firm’s demise."
"Not only did Corzine work his connections to help MF become a primary dealer of Uncle Sam’s debt obligations (a growth business if there ever was one), but also a recent PBS “Frontline” program reports that Corzine personally lobbied for permission to let MF borrow from customer accounts through internal repurchasing agreements. This was so he could fund all his firm’s leveraged bets on things like the prospect of the improving health of Europe’s economy."
"Time was, not so long ago, when accusations of such blatant fraud by a CEO weren’t swept under the rug. It’s a thought that must enter Corzine’s mind at least once in a while when he walks through the lobby of 950 Fifth Ave. The building — one of the most exclusive in the city, with just seven apartments and drop-dead views — will live in infamy as the address where former Tyco CEO Dennis Kozlowski hung his artwork and his $6,000 shower curtain."