I have received endless requests from readers to continue to address the debacle that is MF Global and Jon Corzine. I have also received inquiries from friends and former colleagues on the street wondering why I persist in drilling Mr. Corzine whom they indicate is actually a pretty good guy.
To those in both camps, please allow me to state that the demise of MF Global reaches far beyond one man. I think of the countless numbers of farmers who at this very minute continue to suffer from the consequences of the actions that played out at MF Global. Beyond those individuals, I think about the truth, that prized virtue which remains under attack each and everyday in our once great nation.
In regard to Jon Corzine, a Congressional report released just yesterday points the finger squarely and solely at him for the failure of MF Global.
Truly courageous (NOT) anonymous sources indicate that criminal charges will not be forthcoming against Mr. Corzine or anybody else despite the fact that more than a billion dollars of customer funds somehow found its way out the door during those last fateful days at MF Global in late October 2011.
If the MF Global executives are not going to face the heat in a criminal court of law, let’s take this case to the court of public opinion. For those who may care to review a variety of angles to this tragedy, I welcome submitting, Sense on Cents/MF Global-Jon Corzine.
On that note, please take a mere few minutes and give us your thoughts and opinion on the following simple Sense on Cents Poll (can be as brief as one word answers, yes, no, guilty, not guilty):
1. Do you believe Jon Corzine is guilty of a crime in the process of his managing MF Global?
2. If so, do you believe other executives were involved in aiding and abetting Mr. Corzine?
3. Do you have confidence in the Department of Justice and the CFTC bringing the truth to light in this debacle?
4. Do you believe Jon Corzine’s relationships with the current administration prevent justice from being properly served?
Make no mistake, there is strength in numbers. This blog is read regularly by many in and around Washington. Tell Mr. Corzine, his spokesmen, and his friends in Washington exactly what you think!!
ISN’T IT TIME to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook?
I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
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