Page 26 - Mf Global News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We get a lot of e-mail about this. we see a lot of this in social media. what is going on with jon corzine and why is this investigation not underway? >> this is, martha, the unfortunate intersection between government and politics where the government has what is called, proscutorial discretion, a fancy phrase meaning it can decide who to investigate, who to prosecute, when to investigate it and when to prosecute. so it chooses to investigate jpmorgan chase losing 2 billion of its own money, not clients money and not taxpayers money within a week of the announcement of the loss, and it hasn't...

The same police chief already under scrutiny for sending an officer to a reporter's house in the middle of the night to ask for changes to a newspaper story. investigations into both these incidents still underway. you know, martha, there is an app for that. martha: there is one. they didn't need to do all that, right? so there is some new fallout this morning in the mf global scandal. documents show that former chief executive jon corzine got more than $8 million in cash and stock options in the monthsing up to the collapse of this brokerage firm. keep in mind this is the 8th largest bankrupt...

>> greg: $2 billion out of $186 billion. if it doesn't work, the free market, the great thing about it if you are not worth it, sooner or later you're done. >> dana: how is it different from mf global, jon corzine, the big democratic supporter? used to be the governor of new jersey. now they're under investigation for using -- actually, using customer money to make that. allegedly -- >> eric: allegedly broke the ball. everything i know about the company and jon corzine, mf global has define, they broke the law. >> greg: allegedly means definitely, right? >> eric: on t, yes. one more. quickly, ...

>> greg: $2 billion out of $186 billion. if it doesn't work, the free market, the great thing about it if you are not worth it, sooner or later you're done. >> dana: how is it different from mf global, jon corzine, the big democratic supporter? used to be the governor of new jersey. now they're under investigation for using -- actually, using customer money to make that. allegedly -- >> eric: allegedly broke the ball. everything i know about the company and jon corzine, mf global has define, they broke the law. >> greg: allegedly means definitely, right? >> eric: on t, yes. one more. quickly, ...

Certainly has some blood on its hands. >> of course it does. >> the overwhelming pushback michael steele, about you know from the financial services sector on any kind of regulation has seemed to me quite breathless. >> the financial sectors react to overregulating them the way the government reacts when something happens in a negative way in the financial markets. that's what we're seeing here. again, the government after the fact decides to overreact and wants to have all these investigations. okay, fine. we'll do that. we want to the investigate a $2 billion loss within a company that the c...