or should that be, bungler?
They are billionaires like Jon Corzine, the Elmer Fuddish capitalist who presided over MF Global, the eighth largest bankruptcy in history. He also managed to lose track of a couple of billion dollars of investor money that just vanished into thin air.
The missing money belonged to clients, many of them small business people and middle-class investors. Their life savings and investments were wiped out. Those are supposed to be the good folks President Obama cares so much about.
Corzine is supposedly being investigated by several Obama Administration agencies. Like Fast and Furious and Solyndra, the investigations are going nowhere, except down dead end streets.
Corzine is a good capitalist. Corzine is an honorable man. His rapacious greed is as pure as the driven snow. Good capitalists who give and raise money for Team Obama are immune from criticism. Jon Corzine is a major bundler. Team Obama did return Corzine’ personal donations, but they are ecstatic to pocket donations he brings in from his billionaire friends.
Again, this is why Obama’s Bain strategy is not going to get much traction.