Jon Corzine: Poster Boy for Crony Capitalism?

President Obama unsuccessfully campaigned for Jon Corzine.  Since then, nearly $1 billion in client money disappeared into the ether in a firm Corzine steered into bankruptcy.

President Obama unsuccessfully campaigned for Jon Corzine in 2009. Since then, nearly $1 billion in client money disappeared into the ether from a firm Corzine steered into bankruptcy, but the Obama Administration concluded that Corzine committed no crime.

Jon Corzine is not a crook. No, really.

The Justice Department’s investigation of the former Wall Street titan, New Jersey Governor and U.S. Senator concluded last summer that he’d done nothing wrong. Or at least nothing criminal. Continue reading