Tuesday, November 1, 2011

Does Corzine Sound Like a Crook?

While shocking, this story fails to put the lede in the right place. Former Governor of New Jersey John Corzine has not been accused of wrongdoing. Customer funds have been misallocated. And there is no allegation, at this time, of wrongdoing. The article does make it look like Corzine is a crook, however, and that's why the whole thing sounds pretty fishy right now.

So what's really happening here?

Our moneyed elites can't run anything and the complexities of modern finance are too much for a class of people that has skated for decades on good looks, connections, and buying the answers to tests. Is Corzine a symbol of incompetence, greed, or laziness? Or does he just have trouble finding good help?

1 comment:

  1. My husband has been a successful futures trader for 22 years with a perfect record. John Corzine took tremendous risk and lost illegally. He pulled my husband and the clients accounts illegally to cover his butt., just like taking your checking account out of your bank. He is a man who has a small brain, is a crook, and the senators are protecting one of their own. He needs to be behind bars.