The big government fanatics are out in the media pounding their chests that we need more regulation. I thought we had great new regs with Dodd-Frank, and prior to that we made CEO’s and CFO’s responsible with Sarbanes-Oxley.
Jon Corzine left Goldman Sachs with a net worth far exceeding even that of Mitt Romney today. Many accounts of his tenure at Goldman suggest he "failed up" the corporate ladder.
In the futures industry, there isn’t a lower crime than stealing customer money. I suppose if we were to try and find a criminal equivalent, it would be child molesting.
There they stood, all three of them, being sworn in before the Senate Agriculture Committee. They were being questioned about the whereabouts of some $175 million that had gone missing as MF Global was going belly-up on their watch.