Well the feds shuffled a few papers, peeked into a desk drawer or two at MF Global, and shockingly found nothing criminal with which to charge Jon Corzine, or anyone else. $1.2 billion dollars in customer money went poof! and federal investigators have been “unable to find a smoking gun.”
As if Eric Holder’s Injustice Department is feeling particularly motivated to look for one.
They say the money was lost due to “chaos and poor risk control systems.” In other words, simple incompetence. Yeah, the taxpayers of New Jersey can relate.
On the other hand, investigators barely scratched the surface before giving up.
However, there are still a ton of questions here. Like why the feds have not made a deal with Edith O’Brien, the MF Global staffer who was ordered to handle sending money in and out in the end days of MF Global. She said she will not speak unless she gets a deal offering her immunity from prosecution. Why don’t the feds give her the immunity she wants, and talk with her to find out the scoop?
Uh, because they’re afraid of what she’ll say? When you’re “investigating” a guy who’s raised millions for your boss’s re-election you really don’t want to upset the apple cart. Not unless you don’t like your job.
And besides, it’s much more politically expedient to sic the dogs on those infernal Tea Partyers. The feds have limited resources you know, and they have to point them wherever they’ll do the most good. MF Global? There’s nothing to see here, move along.