I haven’t said much about the losses/scandal at MF Global.
If Jon Corzine or any of his people committed crimes, I hope they spend the rest of their lives in jail, hopefully with big burly biker cellmates.
And if this was just a case of bad investments, then I’m glad there was no bailout. Maybe the morons in Washington have learned something from the TARP fiasco.
But if Corzine is charged with a crime, he does have a very plausible defense, as shown in this Mike Ramirez cartoon.