Mr. Corzine's defense could be that he thought there was enough "excess" cash in the customer account that $175 million could be transferred out of it without breaching the level required by regulators. If that is, in fact, what Mr. Corzine thought, that's a perfectly reasonable defense.
Here's betting he skates. A prominent Demo pol convicted of financial malfeasance just before an election, with the Obama corruptocrats running the Justice Department? Right.