This is what has people scratching their heads over the Freeh Report??
from Wall Street breakfast:
MF Global trustee slams Corzine and co. Louis Freeh, the bankruptcy trustee for MF Global's (MFGLQ.PK) parent company, has blasted Jon Corzine and other senior executives for the "negligent conduct" that led to the firm's collapse. In a report, Freeh also criticized the men for their "risky business strategy" and for "the company's inadequate systems." However, Freeh didn't use the word criminal, nor did he focus on the disappearance of customer money.
This isn't real difficult stuff folks.
The "negligent conduct" + "risky business strategy" + "the company's inadequate systems" is what led DIRECTLY to the "disappearance of the customer money" which was "criminal".
How hard is 2+2 to put together? Yet these people in charge of law enforcement -- and thereby restoring trust in the system -- run around like three blind mice.
Why a publication that prides itself on it's brilliance in these matters even needs to pose this question shows how low we've sunk.
from Forbes:
If this is the question, of course the answer is CRIMINAL!!! This guy did not get to be where he is by being stupid. Period. It shouldn't even be a question.
We're surrounded by idiots.....or we're surrounded by corrupt criminals. Is that the question? Prepare accordingly. It sounds like what we're going to need is lots of strong rope and some really, really, really strong lamp posts.
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