Corzine's profiteering almost paid off

President Obama’s friend and fundraiser Jon Corzine, whose firm MF Global blew up in a spectacular bankruptcy this fall, was trying to make billions by betting on government bailouts. But more interestingly, Corzine — a former senator and a trusted adviser to the Obama administration — was aiming to profit off of big-government regulation.

What should upset both liberals concerned about special-interest influence and conservatives who value the free market is not that Corzine failed, but that he almost succeeded.