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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