the new york times reporting this morning that former mf global ceo jon corzine likely will not face charges. rick santelli as you know watching this from the very beginning and interested to hear your thoughts when you read this type of headline, ricky. yeah. you talk about being afraid and getting surprised on halloween. that was just a horrible, horrible scenario. halloween of last year. and as i look back and talk to traders, they're so disappointed. they're so upset. but yet, they're not in a state of despair. james catulis doing this pro bono that represents lily thousands of mf customers said he is not, n-o-t not going to give up on pursuing a criminal indictment in court.

i think down here right or wrong that what comes out is two fold. if you think about it in a cross benefit analysis it seems to cost companies a lot with absolutely zero benefit and at a time discussing the blanks of dodd-frank and hits to the heart of the matter. always fighting the last war. always doing too much with regard to writing these and they never seem to accomplish what they're supposed to. so many traders down here thought that crashing the plane loaded up with customer money in to a mountain would garner a criminal prosecution. 65 congressmen in the house signed a petition trying to get the department of justice to appoint an independent investigator. it is not happening. anthony scarmucci, he woe him on cnbc with sky bridge capital. all over business insider website today thinking corzine is a trader and a gentleman and giving money to a hedge fund and scott delacey here on the floor and the thoughts are different. what were your thoughts when you heard it today? well, i said not only maybe will i get my money back but the fact that the three months of work lost and commissions, i wish i was in his club. yeah. no. jon corzine is an ex-senator, ex-governor. well connected. i walk away thinking if you're one of those elites you're above the law. back the you.