Corzine May Skate in MF Global Swindle

By Kurt Nimmo

It is not certain if John S. Corzine will ever do the perp walk - or even be compelled to answer questions - for his role in the disappearance of over a billion dollars in the MF Global swindle.

The House Financial Services Committee, however, has started a laborious investigation process, no matter how timidly. It has asked Corzine to testify about the collapse of MF Global and the whereabouts of hundreds of millions of dollars in customer money that mysteriously went missing.

It should be noted that Corzine will not be compelled to answer questions or even respond to the request by the House Financial Services Committee. If push comes to shove, the committee has the power to subpoena Corzine and his underling, Bradley Abelow, the firm's chief operating officer. It has yet to say one way or the other if it intends to do this.

The FBI and the Commodity Futures Trading Commission are now involved finding out what happened. An investigation may take months - long enough for the scandal to fall out of view so it can be swept conveniently under the rug.

It looks like Corzine may avoid accounting for the money or facing responsibility for its disappearance. Instead, blame may be shifted around and lawmakers will spank the regulatory agencies supposedly overseeing the industry.

Corzine is Goldman Sachs alumni and as everybody knows Goldies are above the law.