The pure form of seamless government-corporate "crony capitalism formerly also known as Liberal-Fascism" was at work here. It even included the now defunct and bankrupt financial side company, MF Global. It even had corporate CEO of Goldman Sachs - turned US Senator - turned NJ Governor - turned MF Global CEO. It seemed to be a who you know rather than a what you know (and are competent of doing anything) scenario that played out in this case, as in so many others, recently.
The strong whiff of corruption lingers in the air, but it hasn't yet been uncovered, nor has $1.2 Billion.
♘Former MF Global CEO Jon Corzine was exiting the room during a recess in Thursday’s House Financial Services Committee, when a man attempted to serve him with papers on behalf of one of the firm’s former clients.
CNBC cameras captured a man walking up to Corzine as he exited the hearing room and attempting to serve him with a lawsuit. Corzine told the process server to see his lawyer and kept walking as someone in his party bent over to pick up the documents, which had been put on the ground in the former New Jersey senator and governor’s wake. The network’s Kayla Tausche said the suit is on behalf of a customer who had a $95 million MF Global account, filed in the Southern District of New York.
Earlier during Thursday’s hearing, Corzine reiterated that he never authorized the misuse of customer money, never intended to do so and never said anything that could have been misconstrued to those ends.
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