A Year Later, All Eyes Still on 'Edie' [MFGlobal]

WallStreet Journal ^ | 10/30/2012 | AARON LUCCHETTI, JULIE STEINBERG and MIKE SPECTOR

[SES1066]

Who broke the law by raiding customer accounts at MF Global Holdings MFGLQ +18.52% Ltd.?

Investigators seem no closer to the answer than they were when the New York brokerage firm filed for bankruptcy exactly a year ago Wednesday, owing thousands of farmers and ranchers, hedge funds and other investors an estimated $1.6 billion. Their money was supposed to be stashed safely at MF Global, but company officials used much of it for margin calls and other obligations.

The last, best hope for a breakthrough in the probe is Edith O'Brien, the former assistant treasurer at MF Global. Working in the company's Chicago office, she was the go-to person for emergency money transfers as MF Global flailed for its life.

[SES1066]

[FYI: WSJ is open read till midnight 10/31/2012 Wednesday] Remember the previous governor of New Jersey? You know, the one that VP Biden lauded as the "go to" guy on money? Who then, after losing to Chris Christie, rejoined Wall Street to turn MFGlobal into a curse word? And then testified under oath to Congress that [paraphrasing] "He knew NOTHING!"?

I wonder, if Obama gets defeated, will this be one of those inexplicable pardons? You know, like Clinton pardoning Marc Rich at the end of his term.

[darth]

Corzine is not even indicted yet.

The next AG will be a very busy person!