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Bob Shrum Comes Out 'In Defense of Jon Corzine'

Prominent Democratic consultant defends the 1 percent.

11:59 AM, Nov 19, 2011 • By MARK HEMINGWAY
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Everything changed just a few short weeks ago. A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm. Let’s not sugar-coat this or make this crime seem “complex” and “abstract” by drowning ourselves in six-dollar words and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate. This is unfathomable. The risk exposure precedent that has been set is completely intolerable and has destroyed the entire industry paradigm. No informed person can continue to engage these markets, and no moral person can continue to broker or facilitate customer engagement in what is now a massive game of Russian Roulette.

Like Shrum, Barnhardt is obviously not without her own strong political opinions. But unlike Shrum, she's seriously concerned about whether or not Corzine will be held accountable, rather than defending him. Politics aside, I think we know which side the 99 percent is on.

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