“I simply do not know where the money is”

That’s Jon Corzine, Democrat, former US Senator and governor of New Jersey, testifying that he has no idea where the $1.2 billion stolen from his firm might have gone.

Kevin Williamson adds:

Anybody remember that this Wall Street Democrat used to sit on the Senate committees on banking and the budget?

Question: Why should we believe that the motives of people in (cough, cough) “public service” are different from the motives of people in the for-profit sector? Was Jon Corzine a rapacious self-seeker at Goldman Sachs, then a public-spirited man when he was in the Senate and in New Jersey’s governorship, only to revert to form when he went to MF Global? If you doubt that this is true, and suspect that Jon Corzine was the same guy all along, why would you want to give government more power?

Indeed.

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