Political Nutz

Observations on the pathetic state of American politics

Why Isn’t Jon Corzine in Prison?

I listened to snippets of Jon Corzine‘s testimony before the House Agriculture Committee yesterday.  This guy is another arrogant, clueless, greedy financial wheeler-dealer who contributes nothing to the clients he is supposed to serve.  And he ought to be in jail. Mr. Corzine told the Committee:

“I simply do not know where the money is, or why the accounts have not been reconciled to date.”

As CEO of a securities firm managing billions of dollars of other people’s money, Mr. Corzine had a legal fiduciary obligation to more or less keep an eye on that money.  Simply saying “I kind of lost tract” of $1.2 billion isn’t an adequate explanation of what happened.  If I’m driving along the highway, as CEO of my car, and I get distracted and kill a pedestrian, it’s manslaughter and I go to jail.  “I wasn’t paying attention” isn’t an adequate defense.

So Mr. Corzine and the other Wall Street crooks like him should be watching soap operas in their cells and mopping floors for a few years.  And their personal fortunes should be liquidated and the monies returned to shareholders.


One response to “Why Isn’t Jon Corzine in Prison?

  1. frederick muhlbauer January 11, 2012 at 4:21 am

    Lock him up and take away everything and give it to the victims NOW

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