A question for Corzine

Michael Daly:
Where's the Money, Jon? 
The first question I would put to him when he appears before Congress is "Who was responsible for keeping customer funds segregated from firm funds?"  The followup would be, "How did you supervise that person to make sure he was complying with his duties?"  "What reports did you review on a regular basis to determine the firm was in compliance with its obligation to secure customer funds?"

There would be many more follow up questions, but the bottom line is that there should have been financial reports for management to review showing the disposition of customer funds.  Someone had to be responsible for producing the reports and management had to have someone responsible fore reviewing those reports.  It is just inconceivable that they could accidentally use customer funds to cover their own trades.

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