Most Grievous Fault? No Comment!

Today's Wall Street Journal features a front-page piece entitled "Corzine Rebuffed Internal Warnings on Risks." It recounts warnings by the executive in charge of controlling risks, made both to Mr. Corzine and to the firm's Board, regarding MF Global's over-extension in European bond purchases.The rote litany follows on cue:

Mr. Corzine's spokesman declined to commentA spokesman for the law firm which represents the company's former directors declined to comment.The chair of the Board's audit and risk committee couldn't be reached for comment.

Not even an itsy-bitsy fault?

Rev. Robert P. Imbelli, a priest of the Archdiocese of New York, is Associate Professor of Theology Emeritus at Boston College.

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