Suing Corzine (Not Quite Completely Guess That Party Edition) ... But Let Them Eat Cake Of Course

Farmers Sue Jon Corzine Over Missing Millions - ABC News: "Montana farmers have filed a class action suit against former New Jersey governor Jon Corzine, charging that the failed financial firm run by Corzine stole millions from their accounts to pay off its spiraling debts, and that Corzine's "single-minded obsession" with making MF Global a big player on Wall Street led to the firm's collapse.

MF Global's clients included 38,000 wheat farmers, cattle ranchers and others who "hedged" their crop prices by placing millions in MF Global accounts. Those accounts were supposed to be "segregated and secure," according to the federal suit, meaning MF Global could not draw on those funds.

The lawsuit, filed on behalf of all 38,000 customers, alleges that when MF Global made a series of bad investments -- notably in European debt -- it began "siphoning funds withdrawn from segregated client accounts" to cover its debts.

"This is a suit by the real victims of MF Global," said plaintiff's attorney Mark Baker of the law firm Anderson, Baker & Swanson. "The missing funds were not investments in MF Global, or loans to MF Global, but rather the customer's own money as collateral to guaranty their contracts. They were not to be used by others – let alone their own broker – to speculate on risky and exotic securities."

Shockingly, this is being reported by none other than one of the palace guard (ABC News) and shockingly the "Name That Party" game in the following paragraph is actually rectified by the word "Democrat" appearing at the end of the article!

The Montana complaint takes square aim at Corzine, alleging that the former governor longed to make MF Global a Wall Street powerhouse through a series of risky investments. The lawsuit says Corzine, a former CEO of Goldman Sachs, had a "single-minded obsession" when he took over in early 2010.

But Corzine was reckless in his zeal, according to plaintiffs' attorneys, instead trading in the risky debt of European countries. MF Global grew not through sound business, alleges the complaint, but "through Corzine's political lobbying and the commingling and looting of customers' segregated accounts."

"Once over $1.2 billion in customer accounts was unaccounted for, the Defendants were quick to bury their heads deep in the sand," the lawsuit claims.

According to the February issue of Vanity Fair, Corzine, who reportedly made over $16 million between 2010 and 2011, was shopping for a chateau in France with his wife two weeks before MF Global filed for bankruptcy.

Let them eat cake of course.

Somehow this seems appropriate, mais oui?:

Good God. Throw them all in jail. O Duce included of course.

OK. You can go back to Jersey Shore now...