MF Global: How Could It Happen?
in Federal Budget
During the Age of Obama, the scandals come so thick and fast that you can hardly remember them all, let alone keep track of their details. One of the most recent is MF Global, which not only went under–with former Democratic Senator and Governor of New Jersey Jon Corzine at the helm–but misplaced $1.2 billion in client funds along the way. How do you lose track of a billion dollars? Most of us panic if we lose twenty. Michael Ramirez has the definitive answer:
The federal government spends $1.2 billion every two hours and 51 minutes. If you take a long lunch, it’s gone.
http://www.powerlineblog.com/archives/2011/12/mf-global-how-could-it-happen.php
During the Age of Obama, the scandals come so thick and fast that you can hardly remember them all, let alone keep track of their details. One of the most recent is MF Global, which not only went under–with former Democratic Senator and Governor of New Jersey Jon Corzine at the helm–but misplaced $1.2 billion in client funds along the way. How do you lose track of a billion dollars? Most of us panic if we lose twenty. Michael Ramirez has the definitive answer:
The federal government spends $1.2 billion every two hours and 51 minutes. If you take a long lunch, it’s gone.
http://www.powerlineblog.com/archives/2011/12/mf-global-how-could-it-happen.php
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