Sure, Corzine was a top bundler for the Obama campaign, so he had some juice. But if Obama's owners thought that looting a measy billion or so was any big whoop, they would have had Obama put Corzine away long ago. They don't, so they haven't. The story here is that the 1% have impunity, so there is no rule of law. Jesse's Cafe Americaine:

"But please, to our friends in the Big Media, could we stop saying that we don't know the location of the missing $1.6 billion of client funds from MF Global? The money is safe and sound at JPM and other counterparties. As with Goldman Sachs et al and American International Group, the banks have been bailed out at the cost of somebody else. And the various agencies of the federal government are complicit in the fraud...

The effort by former New Jersey governor and MF Global CEO Jon Corzine to save his firm by stealing customer funds seems to warrant further discussion, yet instead we have silence...

So why is it that the Large Media have such trouble reporting this story? The fact seems to be that the political powers that be in Washington are protecting JPM CEO Jamie Dimon from a possible career ending kind of stumble with respect to MF Global."

It is nice to see that someone who occasionally appears on the mainstream media can tell the truth on this. Usually one has to look for sources overseas, small cafes, and the occasional economic maverick to hear what really happened.

But in quiet whispers, the Street knows the truth, that the money was stolen, not once but twice.   And even these hard cases are shocked.  The first time by MF Global and from the very top, and then afterwards in the courts and the regulatory bodies that used the bankruptcy to take the funds from the customers and give them to the creditors.

And it does stink to high heaven. But the clean up men are giving the evidence a thorough scrubbing while justice waits, Chicago-style.

It has placed a chill on those trading in the US markets. Even they are frightened of such lawlessness. They can't help but wonder, who's next?   And how far will they go?

When Mubarak's rich neighbors in Persepolis turned against him, he was toast. It's finally dawning on the 5% and the 2% that with no enforceable contracts and no rule of law, they're for the 1%'s meatgrinder too, and if not in their lifetimes, their children's lifetimes. Some of the financial blogs get this. It would be nice if some of the friggin career "progressive" blogs got it too.