Bonfire of the Absurdities in News New Format

NY Times: As regulators pressed changes, Corzine pushed back, and won

NY Times: Months before MF Global crashed and burned, federal regulators attempted to restrain risky proprietary trading. But MF’s CEO, Jon Corzine, fought the changes and won. Well, he won then he lost, at least his employees and shareholders did (the 99%!) Federal regulators are like toothless watchdogs that run and hide when high-roller crooks growl “Don’t you know who I am?” And we need MORE gubbermint regs and enforcement people WHY? The ones we have are effing useless. Caveat emptor.

This post was last modified on January 26, 2021

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Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (2)

Joe Redfield says:

November 4, 2011 at 11:07 am

As best I can gather from the Times article, Mr. Corzine is a member of the Goldman Sachs political party. PETA should consider it cruelty to fish to wrap them in the New York Times.
- danybhoy says:
  
  November 4, 2011 at 11:56 am
  
  Corzine is in it for himself, & they way he carries himself proves it. He could very well be going to prison, & it would serve him well to serve time.