Obama’s bag boy gets off

Corzine is officially deemed above the law:

A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.

After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.

Remember that excuse the next time you’re facing an audit. Just tell them it was the result of “chaos and porous risk controls” and that will eliminate any possibility of legal wrongdoing.