Captain Renault from the film Casa Blanca: “I’m shocked, shocked to find that gambling is going on in here!”
Former MF Global Chairman Jon Corzine: “There were many transactions that occurred in those last chaotic days …. It would be very hard for me to speculate … I never intended to break any rules …”
All anyone wants to know is what happened to $1.2 billion in customer accounts that seem to have vanished from MF Global as the $41 billion firm imploded under the weight of its bad bets in Europe, and other problems.
Corzine, a former New Jersey Governor, U.S. Senator, and Goldman Sachs chairman, couldn’t or wouldn’t say went he before Congress last week. He put up all the classic denials you see in movies and TV shows. It was difficult deciding which fictional character to compare him to, so I went with Sargent Schutltz from Hogan’s Heroe’s: “I know nothing! Nothing!”
Open to suggestions, though. Who would you compare him to?
Click here to read my column in The Sunday Wall Street Journal.