Chicago Rules

It seems that Jon Corzine’s fingerprints been found on the loot in the MF Global theft. Bloomberg reports that, according to a memo written by congressional investigators, Corzine gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM).

If this is correct, it implies that not only did Corzine authorize the looting of customer accounts, he also lied to Congress about his involvement. “I did not instruct anyone to lend customer funds to anyone,” Corzine told Congress in December. Now we will see just how corrupt this administration is. If Corzine skates on this, then we will know that full Chicago rules apply. Anything is for sale so that Barack’s ego gets continuously stroked and Michelle can continue to enjoy living large.

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