As we head for the cliff, Congress throws Corzine a lifeline

In case anyone missed the news — and judging by the fact that there aren’t angry mobs storming Washington, everyone missed the news — Congress recently absolved Jon Corzine of being criminally responsible for actions that “wiped out thousands of jobs and billions of dollars of customers’ and creditors’ money.” The congressional report states, “Choices made by Jon Corzine during his tenure as chairman and CEO sealed MF Global’s fate.” Turns out, these choices include the unlawful transfer of its customers’ money. Oh well. We all make mistakes.
This statement of responsibility, which carries no punishment, comes from the same institution we’re expecting to steer us away from a series of fiscal measures so extreme that neither party would be able to stomach their implementation. Good luck with that.
More in the Baltimore Sun here.

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