You really have to admire the legal and law enforcement community in this country.  Take Louis Freeh.  Here is a guy that served in the Reagan Justice Department, was appointed to the Federal Bench by George H.W. Bush, and handpicked to head the FBI by President Bill Clinton.  I mean you are topping out on the charts of law enforcement in this country with that kind of pedigree.  And clearly there are expectations that come with that kind of background.

We could not have been happier when we found out that Louis Freeh was to be the Trustee of the MF Global bankruptcy.  That turned a potential hazard for the entire industry into a spectacular moneymaker…for us.

MF Global stole their clients’ funds and no one has been arrested yet.  The top law enforcement person in the country has been on the case for over 6 months and no one has been charged.  Try as he might, with paper trails everywhere and $1.6 billion dollars gone missing, he could not find out who did what.  But you know Louis Freeh was working really hard at it, along with the people he asked to stick around MF Global to help him sleuth this thing down.

That’s right– most of that team he assembled were the top guys from MF Global.  And if they couldn’t help Louis Free find the evidence of their own wrongdoing then who could?  I mean really?

And Louis wanted to reward them for their help in not solving the case—so he asked the bankruptcy judge to approve bonuses for these financial wizards.  And he wanted them paid right now—never mind that the MF Global clients hadn’t gotten their money back—nothing should keep one of us from our bonuses.

Louis Louis….with a justice system like that …“Lucre” B. Free…