Jon Corzine's Crony Capitalism

``The New York Fed selects the best and most financially solid firms for this task for obvious reasons: When markets become volatile, it wants to make sure the firm buying government bonds can withstand the volatility. In other words, the government wants to make sure its primary dealers can take a punch and won't implode at the slightest turn of the markets... So how did all of this manage to evade regulators, despite all the new rules promulgated in the aftermath of the 2008 financial crisis?''