Corzine is screwed, email shows gave "direct instructions" to transfer $200 mill

[The Minsky Moment]

Isn't it credibility issue? She said he gave "direct instructions". Now, maybe she's lying, but it'll be hard for Corzine to denounce her as a liar given the glowing defense of her credibility he previously gave.

I'm not contesting he gave the instruction.  But if there were excess funds in the JPM custody account, then that instruction would be appropriate.  So the question is: did Corzine honestly believe (mistakenly) that there were excess funds in the account?  O'Brien's email doesn't answer that question.