Once again, F. Scott Fitzgerald is proven wrong, and there are second (fourth, fifth) acts in American lives.
Jon Corzine is the latest to rise from the ashes—MF Global debris that’s barely 10 months old. Late last week, The New York Times’ DealBook blog reported that prosecutors are dropping their criminal investigation into the former Goldman Sachs head/governor/disgraced MF Global CEO. In an additional eyebrow raise, the paper reports that Corzine might start a hedge fund as his next move.
Outrageous? Some would say yes, considering Corzine’s disastrous testimony before Congress late in 2011, in which he said, “I simply do not know where the money is” when asked about $1.6 billion in missing assets—money still unaccounted for.
But is it unprecedented?
No, and Forbes notes several high-profile company busts, and the chutzpah of the people involved.