When the CEO of the broker-dealer MF Global misuses customers’ funds, he should be prosecuted for criminal activity. But corruption in government and in finance now run so deep and wide that financial crimes are just ignored. Conflicts of interest no longer seem to matter.
Two directors of the oxymoronically described “self-regulatory” National Futures Association have recommended that Jon Corzine be banned from trading futures. Is that all the public gets for regulatory reform of rogue financiers? Shame!
Jon Corzine: Sounds like Mafia to me