In testifying yesterday before the House Committee on Agriculture, Jon Corzine, former head of failed MF Global — which took customers' funds for its own use when it had financial difficulties because of risky investments — expressed repeatedly his grief over what went wrong with his company, and his sympathy for the “plight” of his customers who lost millions if not billions of their money with its downfall: “Their plight weighs on my mind every day — every hour. And as the chief executive officer of MF Global at the time of its bankruptcy, I apologize to all those affected.”
Billions of taxpayer dollars are being used by the U.S. Department of Defense to provide military-grade weaponry to local law-enforcement departments, and the shadowy “1033” weapons program is expanding at a record pace. But critics of the scheme are concerned as even small-town police forces are building up arsenals that include amphibious tanks, helicopters, armored personnel carriers, robots, grenade launchers, and more.
An 84-year-old grandmother in a wheelchair abused by Transportation Security Administration screeners at John F. Kennedy airport plans to sue the TSA, complaining of injuries and extreme humiliation suffered during a strip search. Homeland Security spokesmen, however, said “proper procedures were followed” and later claimed that the victim’s clothes were not fully removed.
The scandal surrounding the Obama administration’s operation “Fast and Furious,” which sent thousands of American guns to Mexican drug cartels, continues to escalate. Senior officials and a new trove of documents released yesterday further confirm that the Justice Department provided false information about the deadly scheme to Congress. And the number of Congressman demanding Attorney General Eric Holder’s resignation has now soared well above 50.