It’s Good To Be The KingA Bundler

Losing, and perhaps stealing, billions of dollars is no problemo when you provide cash for politicians

Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.

The New York Times is reporting this morning that after ten months of investigation by federal prosecutors, sources say there isn’t even enough evidence to charge any of the firm’s executives in a criminal probe. The company may have failed spectacularly when it came to oversight and risk management, but the losses cannot be chalked up to outright fraud.

How conveeeenient.

4 Responses to “It’s Good To Be The KingA Bundler”

  1. aelfheld says:

    […] the losses cannot be chalked up to outright fraud.

    And I’ve got some Arizona coastline that is a steal at the price.

  2. JeffS says:

    This is Chicago cronyism at its worse.

  3. Gary from Jersey says:

    Corzine rapes farmers, bankrupts his company then raises $500,000 for Obama. And now he gets off. Couldn’t see that coming.

  4. nightfly says:

    Hell, Gary, Corzine got off (allegedly in more ways than one) in that high-speed Parkway accident from when he was governating here in Jersey. Granted that he wasn’t driving at the time, but it’d be nice if the Chief Executive of the State said to his NJ Trooper driver, “Hey, could you dial back the speed a bit?”

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