From: The Office of The Hon. Jon S. Corzine
To: My Fellow Americans & Patriots, Ever Vigilant
While I am relieved to see that very preliminary measures regarding massive, systemic misappropriation of client funds by PFG (Peregrine Financial) are underway, we all need to by mindful of the sober fact that much work needs to be done to improve the odds that as full a measure of justice, economic and otherwise, is provided to all clients & victims of PFG.
This preliminary measure should also serve to warn all persons and institutions that may be arrogant enough to believe that they can emulate the actions and behavior of the PFG's of the world and escape justice. They can not & will not be allowed to do so.
As I've stated previously, our systems of economics and justice, which inherently rely on a robust pillar of trust in institutions, can not survive unless those who perpetrate fraud on this scale, obviously fueled by a seemingly unquenchable avarice and greed, are appropriately punished for their reprehensible deeds.
Finally, I would like to specifically acknowledge the outstanding dedication, attention to detail and willingness to pursue all leads and turn over any stone, that Mr. Eric H. Holder, Jr. our esteemed United States Attorney General, along with the support of hard working regulators working within various agencies charged with the vital duty of protecting the interests of market participants and U.S. taxpayers, have shown yet again.
Their campaign to root out and prosecute what can only be described as a massive, viral epidemic of Wall Street & financial fraud, that has gone on virtually unchecked for far too long, is a modern testament to the ever vigilant system of justice that serves to protect all of us who always have and who always will "play by the rules."
Sincerely & With Respect,
*Former United States Senator (D-NJ), Former Governor of New Jersey, Former CEO of Goldman Sachs, Former CEO of MF Global (a former Primary Dealer), and prominent Obama Bundler.
*Written by Truth in Sunshine