May 21, 2013 | 15 comments
May 21, 2013 | 5 comments
May 21, 2013 | 1 comment
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May 17, 2013 | 1 comment
On page 3 of a memo from the staff of the House Financial Services Committee to the committee’s members, it is revealed that Ms. Edith O’Brien, the former Assistant Treasurer of MF Global, wrote in an e-mail that a transfer of $200 million out of MF’s segregated customer accounts to cover margin calls on the firm’s own failing investments in European government bonds was “Per JC’s [Jon Corzine’s] direct instructions.”
Though this sounds initially like a bombshell, Corzine had already admitted to approving this transfer but claimed that he had no knowledge that it involved customer money.
As CNN reports, a spokesman for Corzine said today that Corzine “recalls having received written material indicating that the funds used to cure the overdrafts were appropriate for that purpose.”
Still, an e-mail proving that Corzine directed the transfer makes one wonder if Corzine can prove his claims and his plausible deniability. Further, if Corzine is telling the truth, then he was lied to by somebody — and justice demands that that somebody have a day of reckoning — by which I mean some years in federal prison.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?