20 April 2015

Jon Corzine, the Black Knight of Finance

“Crime, once exposed, has no refuge but in audacity.”


If there is a blatant, wanton theft of property for all to see, but no one is convicted or even indicted because of the lack of integrity in the justice system, is it still a crime?

Being a shameless narcissist means never having to say you are sorry, much less that you have failed so dishonorably that you deserve nothing more than public shaming, shunning, and oblivion.

Surprising though, how often this works in finance and politics.  And Jon has spent his time wallowing in both these wretched cesspits. 
How readily the failed, slippery eels of business and banking slide into politics and public influence, and how craven, political hacks find such welcoming showers of wealth from their business cronies after 'public service.'   It is corporatism, and a fellowship of disgrace, disorder, and dishonour.
Why I hear that even reformers, these days at least, are talking about change on one hand, while scooping in vast amounts of personal wealth through 'donations' from the all-corrupting status quo with the other.   They do not even have to wait until after office to begin collecting their rewards.
All the fashionable people of both parties, and most of the developed nations, are doing it, some less cleverly and quietly than others.   So who can judge, who will speak ill of other insiders and still remain one?   It is the credibility trap.

Jon Corzine Considers Launching Hedge Fund
By Julie Steinberg and Rob Copeland
April 19, 2015 7:05 p.m. ET

Jon S. Corzine, the embattled former MF Global Holdings Ltd. chief executive and ex-chairman of Goldman Sachs Group Inc., has discussed plans to start his own hedge fund in recent months, according to people familiar with the matter...

Read the entire article if you have a strong stomach for the self-delusion of the audacious oligarchy here.