In the past, choosing a vice president wasn’t always such a big to-do. In fact, prior to Franklin Delano Roosevelt, the party conventions just selected a running mate and that was that. The prevailing sentiment in the early years of the vice presidents was more or less, “Who cares what sidekick the President picks? It’s [...]
Archive for November, 2011
Dipping into MF Global client funds to backstop the firm’s heavily leveraged high risk bets on European debt is about as serious as it gets. We’re talking – Federal Felony / Criminal Fraud / Grand Theft / Go To Jail / Do Not Pass Go / Do Not Collect $200 / Throw Away The Key / – that kind of serious. If tapping segregated client funds at a broker dealer is not criminal fraud, then it is at least criminal negligence for CEO Jon Corzine.