The American Empire in a Changing World


Friday, November 16, 2012

''Fraud: Jon Corzine, George W. Bush and the 2005 Bankruptcy Reform''

From ZeroHedge
By Christopher Whalen

''Yesterday the House Financial Services Committee confirmed what we already know, namely that former Goldman Sachs CEO Jon Corzine deliberately stole customer funds when he was CEO of MF Global.

But what the Republican Committee report does not say is that the mechanism that allows Corzine and many others to walk away from such disasters without any civil liability for fraud is the 2005 Bankruptcy Reform Act, which the Republicans sponsored almost unanimously.  And we wonder why nobody is pursuing MF Global for the theft that it clearly involved?''

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