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Regulator gave $10k to NJ Dems as Corzine ran (for Governor of NEW Jersey in 2005)
Yahoo ^ | 11/3/11 | Daniel Wagner - AP

Posted on 11/03/2011 1:54:14 PM PDT by NormsRevenge

WASHINGTON (AP) -- The regulator overseeing the investigation of Jon Corzine's collapsed securities firm, MF Global, gave $10,000 to the New Jersey Democratic Party in 2005 as Corzine ran for governor of that state.

Gary Gensler, chairman of the Commodity Futures Trading Commission, and Corzine had worked together for 18 years at Goldman Sachs Group Inc. and later collaborated to pass a law to combat corporate fraud.

Election records show Gensler gave the money in August 2005. Corzine, a Democrat, was elected governor later that year.

MF Global filed for bankruptcy protection on Monday. Gensler and other regulators are trying to find out what happened to hundreds of millions in clients' money that went missing last week.

Gensler's long history with Corzine poses an apparent conflict of interest that could taint the probe's findings, experts say.

"The appearance of a conflict is there, there's no question," said Jay Lorsch, a professor at Harvard Business School. "It might be wise for Mr. Gensler to recuse himself from this particular investigation."

Gensler rose to become Goldman's co-head of finance before leaving in 1997. Corzine left Goldman in 1999, after serving as chairman and CEO.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: corzine; gensler; goldmansachs; njdems; regulator
No, no possibility of conflict of interest there, Nope.. None.
1 posted on 11/03/2011 1:54:16 PM PDT by NormsRevenge
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All roads lead to Rome Goldman Sachs these days.
2 posted on 11/03/2011 1:55:46 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

You are really sloppy with proof reading or you have quite a selection of swastikas at home.


3 posted on 11/03/2011 1:57:52 PM PDT by gusty
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To: gusty; NormsRevenge
You are really sloppy with proof reading or you have quite a selection of swastikas at home.

Nope just an OWS - 99% mole.

4 posted on 11/03/2011 1:59:32 PM PDT by Drill Thrawl (The patient is too far gone to save.)
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To: NormsRevenge

IBZ


5 posted on 11/03/2011 2:00:34 PM PDT by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: NormsRevenge

Jersey isn’t Kosher. I hope that was just a typo.


6 posted on 11/03/2011 2:01:59 PM PDT by mnehring
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To: UnbelievingScumOnTheOtherSide

Gentsler is a Goldman Sack the Treasury guy too appointed by obama!


7 posted on 11/03/2011 2:02:29 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: NormsRevenge

Member since Feb. 6, 2001

Ruuuuuined


8 posted on 11/03/2011 2:03:21 PM PDT by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: NormsRevenge

Is that a typo in the headline or are you being purposely offensive?


9 posted on 11/03/2011 2:03:28 PM PDT by muir_redwoods (Somewhere in Kenya, a village is missing an idiot)
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To: Drill Thrawl

Norm is a trusted long-time Freeper. This is a typo.


10 posted on 11/03/2011 2:04:06 PM PDT by ElkGroveDan (My tagline is in the shop.)
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To: NormsRevenge

Shouldn’t that be “Jooooooooooo Jersey”?


11 posted on 11/03/2011 2:04:40 PM PDT by Fresh Wind ('People have got to know whether or not their President is a crook.' Richard M. Nixon)
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To: UnbelievingScumOnTheOtherSide

“”The appearance of a conflict is there, there’s no question,” said Jay Lorsch, a professor at Harvard Business School. “It might be wise for Mr. Gensler to recuse himself from this particular investigation.””

Appears to be a conflict. And this is a professor at the Harvard Business School. My dog could have said that.

Mr. Gensler shouldn’t recuse himself. He should be sharing a cell with Corzine.


12 posted on 11/03/2011 2:05:25 PM PDT by EQAndyBuzz (To fix government, we need a rocket scientist. Oh, wait we have one!)
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To: gusty

Watch the accusations!


13 posted on 11/03/2011 2:08:52 PM PDT by Admin Moderator
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To: UnbelievingScumOnTheOtherSide
NEW Jersey



MUCH better!
14 posted on 11/03/2011 2:12:44 PM PDT by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: UnbelievingScumOnTheOtherSide

http://www.nytimes.com/2008/12/19/business/19gensler.html?adxnnl=1&pagewanted=print&adxnnlx=1320354189-cARd/n22ItZcrHSeYOZofg

WASHINGTON — Nine years ago, Gary Gensler played a central role in fending off tough regulation for exotic financial instruments for hedging against risk. On Thursday, President-elect Barack Obama picked him for a central role in cleaning up the wreckage that some of those instruments caused.

Mr. Obama named Mr. Gensler, a former Treasury official under President Clinton, to take over a seemingly obscure backwater of regulation, the Commodity Futures Trading Commission.

But the commission, which regulates the exchanges that trade futures contracts for products as varied as oil, wheat and instruments for betting on interest rates, will be a major battleground over reining in the trillion-dollar markets for credit-default swaps and other “derivative” financial instruments that greatly aggravated the damage caused by the subprime mortgage meltdown.

In 1999, Mr. Gensler worked alongside Robert E. Rubin, then the Treasury secretary under President Clinton, and Alan Greenspan, then the chairman of the Federal Reserve, to block proposals by the commission to regulate the new instruments.


15 posted on 11/03/2011 2:16:36 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

I’m holding my breath for Occupy Goldman-Sachs.


16 posted on 11/03/2011 2:19:16 PM PDT by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: NormsRevenge
What is this nonsense? Who cares about someone who was supposed to be regulating the business of that Genius and Good Democrat Jon Corzone? What are you wasting our time for?

We gotta get the goods on Cain!

17 posted on 11/03/2011 2:20:13 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: UnbelievingScumOnTheOtherSide

They need to Occupy Obama!


18 posted on 11/03/2011 2:22:15 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: ElkGroveDan; Admin Moderator

Thanks , Dan.

Yes , it was a typo..

but thanks for the votes of confidence of others here.

You will be remembered. ;-)


19 posted on 11/03/2011 2:27:21 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: UnbelievingScumOnTheOtherSide

It’s a good thing I didn’t post Mew Jersey.. that would have been an udder debacle.

Nice threads on the cat., btw.


20 posted on 11/03/2011 2:28:57 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: gusty

If the truth be known, Yes, I did hurry.. I was making pizza.. and again, apologize for my sloppiness.. and no , no swastikas, but I do possess a few ol’ Hohner harmonicas.. do they count for anything?


21 posted on 11/03/2011 2:35:20 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge
Just WOW!

How bad does corruption have to get...now they are flaunting it, I quess next they will justify corruption by claiming they did not attempt to cover it up.

The lawlessness in gov’t needs to be prosecuted and the perps sent to real prisons for a very long time, and in many cases the death penalty should be imposed...ie fast and furious.

22 posted on 11/03/2011 2:40:19 PM PDT by PoloSec ( Believe how that Christ died for our sins, was buried and rose again for our justification)
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To: PoloSec

OBAMA = MADOFF = GOLDMAN SACHS = CORZINE = GENTSLER = RUBIN


23 posted on 11/03/2011 2:47:16 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: NormsRevenge

The fact that they worked together for 18 years alone would be cause for recusal. The $10K is just added fodder.


24 posted on 11/03/2011 2:50:07 PM PDT by EDINVA (We Can't Wait, either)
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To: NormsRevenge

From this episode, we may ascertain that you have fat fingers, nothing more.


25 posted on 11/03/2011 2:52:08 PM PDT by Mr. Lucky
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To: Mr. Lucky

I never took typing in high school.. I’m a two fingered typist.. not always well coordinated.. but I blew it proofreading wise.

I guess I should have just posted NJ instead.. but then it could have ended up JJ and then the nascar crowd would be razzin’ me.


26 posted on 11/03/2011 3:07:36 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

I sent this to Drudge - hopefully he posts it.

I can post it at the DUMP since I am banned there.


27 posted on 11/03/2011 3:15:45 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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Celebrate Jim's Birthday!

Click On The Balloons And Party!

28 posted on 11/03/2011 4:02:52 PM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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And for all you naysayers, complainers, and those
who can donate but won't for whatever petty reason,
DON'T DONATE!! PLEASE DON'T DONATE!!
click here to not donate with gusto!

29 posted on 11/03/2011 4:10:33 PM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: NormsRevenge

(Photo: APP, http://blogs.courierpostonline.com/roh/files/2011/08/Corzine_Obama_app.jpg)

30 posted on 11/04/2011 10:09:56 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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