“Everyone has opinions. We have convictions.”
Turns out this platitudinous ad writer was a pretty good forecaster, if jail time isn’t simply a matter of opinion.
The drivel continues.
“Proclamations are common on Wall Street. But they’re meaningless if you don’t stand by your words. Particularly if you’re a broker-dealer. At MF Global, having convictions is a big part of our culture.”
Speaking before Congress today about the missing $1.2 billion of account holder’s cash, MF’s illustrious CEO and former New Jersey Governor and Senator, Jon Corzine, had this to say:
“I simply do not know where the money is.”
Okay, Jon, fair enough. Why don’t we just drop the whole thing then? Probably enough people have forgotten about Enron and WorldCom by now.