Friday, August 17, 2012

Corzine, MF Global Will Face No Criminal Charges

Are we still a nation of laws or have we become a nation of men? - Reggie

After ten months of investigating Obama campaign bundler and former MF Global chief Jon Corzine’s role in the loss of $1.6 billion of customer funds, the New York Times is reporting that Eric Holder’s Department of Justice is unlikely to file any criminal charges against Corzine or top MF Global executives.

As Breitbart News has reported, the case is riddled with serious conflicts of interest.

  • The Government Accountability Institute revealed last month that MF Global was a client of Attorney General Eric Holder and Assistant Attorney General Lanny Breuer’s law firm, Covington & Burling. 
  • Breitbart News discovered that the attorney representing MF Global Treasurer Edith O’Brien is Reid Weingarten, Eric Holder’s “best friend” and his own personal attorney. Weingarten and Holder also co-founded a non-profit together, the See Forever Foundation.
  • MF Global’s trustee for the Chapter 11 bankruptcy retained as its general bankruptcy counsel Morrison & Forester, Associate Attorney General Tony West’s old firm.
  • Former FBI Director Louis Freeh is the trustee overseeing MF Global’s bankruptcy. Freeh was a character witness at Holder’s Senate confirmation hearing. Freeh also previously retained Holder to do legal work when he was General Counsel for MBNA America Bank in Wilmington, Delaware.  

To date, despite Barack Obama and Eric Holder’s “get tough on Wall Street” rhetoric, the Department of Justice has not charged, prosecuted, or jailed a single Wall Street executive in the wake of the largest financial collapse in U.S. history.

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