Skip to comments.Corzine Seeks Campaign Donations After a Decline in His Wealth
Posted on 07/16/2009 5:30:31 PM PDT by reaganaut1
Of all the gloomy economic indicators since the Wall Street collapse, perhaps the most startling one seen by New Jersey residents is this: Gov. Jon S. Corzine with his hand out.
Mr. Corzine, 62, famously spent $60 million of his own money on a record-shattering Senate race in 2000, then $43 million more laying siege to Trenton four years ago.
But now, after a costly divorce and a steep decline in his net worth, Mr. Corzine, the onetime chief executive of Goldman Sachs, is in the unfamiliar position of seeking donations to help foot the bill for his campaign.
It is not the easiest sell.
Mr. Corzine is trying to raise upward of $15 million from donors, according to people involved, which he hopes to match with no more than $25 million of his own.
But since his entry into politics, he has experienced a precipitous drop in his net worth: to perhaps $150 million today from an estimated $400 million after he was forced out as chief executive and co-chairman of Goldman Sachs in 1999.
He doesnt specifically say it, but his finance team says it: Jons not going to be putting in the same amount of money this year. Its going to be difficult for him to. Youve got to help out the party, said a Democratic operative who has been approached by Corzine fund-raisers. Having used up more than $100 million on his two previous races and having turned over half his assets to his ex-wife in their 2003 divorce, Mr. Corzine sustained big losses in the stock markets dive last year, advisers and friends say. Paying the full freight of another campaign, in after-tax dollars, would therefore mean parting with a much bigger slice of his net worth, let alone his liquid assets.
(Excerpt) Read more at nytimes.com ...
“I hope Corzine spends a lot of his own money — in vain.”
Yeah, no kidding — My heart bleeds for him...Please!
Wow, I never knew! I'm willing to rent him a cot in my basement if he needs it..........
He wants to conserve his own dollars and spend ours.
He can go fly a kite.
..."just 7 mph fassster and we wouldn't be havin dis conversation"
Can someone please remind again? Karma is a what?
I hope he is defeated and is relegated to the hell of private life and the regulatory hell and taxation that he and other Democrats have imposed on the private sector. With luck, he’ll go bankrupt and have to live in government housing and have to accept government health care.
Just like all millionaire politicians these days.
So when exactly is this election? Next Nov?
Corzine’s looking for donations? Good luck wid dat....
Lost money did he?
Corzine spent over ONE Hundred Million Dollars on his US Senate and Gubernatorial campaigns. Unbelievable.
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