News broke that more than a billion dollars in MF Global client funds had apparently been “vaporized” in the firm’s collapse, with investigators clueless as to where the money might have gone. As recently as last month, new evidence emerged pointing to Corzine’s direct involvement in using clients’ cash to cover the firm’s debts. And yet, presumably, he was squeezing his rich friends for dough for Obama the whole time. Ace asks a good question: “Why is a man under investigation by a government agency permitted to raise money for the man who controls that agency?” Wouldn’t be the first time Corzine’s used his political leverage to personal advantage.
This is getting old (about as old as politicians referring to the famous "shocked, shocked" line in Casablanca), but what if something like this had happened during the Bush Administration? And what happened to all of the lectures about the unprecedented transparency this administration was going to be implementing?
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