House subpoenas Corzine to testify

I see Jon Corzine, the former head of bankrupt commodities brokerage firm MF Global, has been subpoenaed to testify on December 8th about his role in the collapse of the firm he headed, "MF Global."

For those with short memories, MF Global has been charged with using roughly a Billion bucks of investor funds for its own purposes--as opposed to investing investor funds in investor-owned accounts. This is illegal, and tantamount to theft.

As you can probably guess, the misappropriated money vanished, and very few details have emerged about exactly how that occurred.

All that's publically known is that the collapse was the result of huge investments in "European sovereign debt"--a strategy reportedly pushed by Corzine himself.

Ah, but here's the twist: Corzine is a former Democrat governor and Dem U.S. senator from New Jersey. As such he will almost certainly refuse to testify to anything meaningful. And the Dems will block efforts to slap him with any penalty.

What do you think would happen to some poor conservative businessman who refused to testify after being subpoenaed?

Different rules for different political classes, eh?

We are no longer a nation of laws, but a nation run--and ruined--by political corruption.