A congressional investigation into a failed venture capital firm run by a prominent former governor has faulted said governor for the debacle, which famously lost some billions in investor funds which, to this day, have not been accounted for.
No, it wasn’t Mitt Romney – it was former Democratic Governor of New Jersey Jon Corzine. One mystery that plagues this investigation is Mr. Corzine’s David Copperfield act that wiped $1.6 billion from MF Global’s client fund, which occurred days before the whole firm crumbled. Dina ElBoghdady of The Washington Post reported in the November 15 paper about this episode in financial malfeasance that cost people their jobs, and their savings – but it wasn’t too important for the paper's editors, who buried the item on page A18.
Parkmobile, a company that runs an app by which smartphone users can pay for on-street metered parking, recently found itself bullied by a powerful liberal Democratic senator, simply for exercising its freedom of speech. The company found itself on the receiving end of Sen. Dick Durbin's wrath for having sent an email to its users in which it chalked up an increase in its transaction fees to "increased costs triggered by recent federal legislative reform enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act's Durbin Amendment."
According to the Washington Post's Dina ElBoghdady, Sen. Dick Durbin (D-Ill.) shot off a letter to the company hitting the claims as "grossly misleading." On top of that, Durbin sent another letter to Washington, D.C. Mayor Vince Gray, complaining that the company, which has a contract with the federal city's government to do business, "offer[ed] up incorrect, unsolicited legislative analysis while hiding behind poorly reasoned excuses for their own price hikes."