If the logic of the Bernie Madoff resolution is valid, (where clients who unknowingly made money had to return it because Bernie made it illegally) then MF Global clients should be able to get cash back from JPMorgan.
The only differences here (In my view) are political.
Monday, April 23, 2012
- Madoff - MF Global Parallel
If the logic of the Bernie Madoff resolution is valid, (where clients who unknowingly made money had to return it because Bernie made it illegally) then MF Global clients should be able to get cash back from JPMorgan.
The only differences here (In my view) are political.
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3 comments:
Say that Romney does win in November..
Do you still think that Corzine will be insulated enough that he will stay out of prison?
I don't think those things depend so much on elections. But the truth is I don't really know. My guess (pure guess) is that he's dug in deep enough that there is no getting to him... ever.
I fear you ar correct.
The currnt administration would have to be the prosecutor, not for any other reason than to send a message that it stands by its word.
When Obama goes back to civillian life, Corzine will escape prosecution. Its bad precedent for a new administration to prosecute the prior admins' crooks.
Recall the Obama-bolshevieks wanted to prosecute the entire Bush Admin as war criminals.
It doesn't happen in the United States, at least not yet...
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