They are covering it, up that is. NJ's largest newspaper, the Star Ledger, had the story this morning. "MF Global was slumping when Jon Corzine took over the troubled brokerage firm last year," they say.
Translation: Things were already out-of-control-bad with MF Global,and Corzine merely failed to turn things around. Nothing about a missing $600 MILLION in customer money. Nothing about co-mingling of funds. Nothing about an FBI investigation. Read the full Star Ledger story for yourself. See if I've mischaraterized it.
ML/NJ
Wires Virtually Ignore Corzine's Dem Party ID, Rarely Associate Him With Obama Fundraising