Personally, I find this to be the single most infuriating aspect of the financial crisis -- in any country. Every single time I hear about public time and money being wasted on frivolous prosecutions, I am keenly reminded that these are the same police services and directors of public prosecutions who won't investigate the banks. Not who can't; who won't -- Refuse to even. it would be one this if the justice system was simply universally inept. But cases like this shows they can and do act with extreme prejudice when they have a mind to.
It's shambolic, slipshod, corrosive to the justice system and ultimately seditious. It's the clearest indication of the justice system which has been seized by political interests, and which refuses to perform its stated function to maintain the rule of law.
Regarding Corzine. The money did not "disappear". Corzine stole it out of customer accounts to covers his bills at JP Morgan. He knew exactly where it went; and the SEC and the Justice Department know exactly where it went but refuse to do anything about ti. They're too busy perusing basement dwelling geeks and beatniks to investigate those cases which actually rock the foundations of commerce and law. Stellar job there Mr Holder; Kudos.