As it has been widely reported, Jon Corzine will get a golden parachute valued at $12.1 mn after driving MF Global into the ground. Fair enough. After all, it wasn’t paid for with taxpayer money and the firm failed by making some appallingly bad bets.
My only wish is that Corzine takes this parachute as a cease and desist from working. He is the embodiment of Murphy’s Law & the Dunning-Kruger effect. I don’t think America can afford for him to have another office, but this may at least stymie his efforts to help get Wall Street donations for the Obama campaign.
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