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Senate panel to subpoena Corzine on MF Global
Yahoo ^ | 12/6/11 | Marcy Gordon - AP

Posted on 12/06/2011 1:41:56 PM PST by NormsRevenge

WASHINGTON (AP) — A Senate panel has voted to subpoena former Sen. Jon Corzine to testify about his role leading MF Global.

The trading firm filed for bankruptcy on Oct. 31 after a disastrous bet on European debt. Nearly $1.2 billion is estimated to be missing from customer accounts.

Sen. Debbie Stabenow, chairman of the Senate Agriculture Committee, said Corzine's testimony at the Dec. 13 hearing is essential to learn what happened. The vote comes just days after the House Agriculture Committee took similar action to force Corzine to appear at a hearing Thursday.

Corzine, a Democrat, represented New Jersey in the Senate from 2001 to 2005. He later served as the state's governor. It marks the first time a member of Congress has been forced to testify before his former peers since 1908.

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


TOPICS: Breaking News; Crime/Corruption; Government; Politics/Elections
KEYWORDS: corzine; corzinehearing; corzinesubpoena; mfglobal; senate; subpoena

1 posted on 12/06/2011 1:41:58 PM PST by NormsRevenge
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To: NormsRevenge

A dog and pony show. Harsh words, no action on Jon boy.


2 posted on 12/06/2011 1:43:38 PM PST by VicVega (LSU is with out a doubt the #1 team in the nation. GEAUX TIGERS)
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3 posted on 12/06/2011 1:44:38 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

Going through the motions of an ‘investigation’, I see. Flank covered with the OWS crowd. Proceed with the presidential campaign.


4 posted on 12/06/2011 1:44:38 PM PST by Tallguy
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To: NormsRevenge

Subpoena? Why isn’t that SOB in jail awaiting trial? (rhetorical question)


5 posted on 12/06/2011 1:45:20 PM PST by OB1kNOb (The prudent see danger and take refuge, but the simple keep going and pay the penalty. - Prov 22:3)
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To: VicVega

nyaaa.. this one may have legs,, 1.2 billion of them.. :-)


6 posted on 12/06/2011 1:45:45 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

This’ll be just for show, that is if they can get him off his island.


7 posted on 12/06/2011 1:47:58 PM PST by b4its2late (Only two things are infinite, the universe and human stupidity, and I am not sure about the former.)
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To: NormsRevenge

Corruption reigns .

8 posted on 12/06/2011 1:48:13 PM PST by OB1kNOb (The prudent see danger and take refuge, but the simple keep going and pay the penalty. - Prov 22:3)
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To: Tallguy

historic,, since 1908,, last time they hauled one of their own up there for grilling.

the senate should have grilled clinton in ‘98 and we would have been saved a lot of griefs suffered since then, well, one can hope so anyway, .. hindsight being 20/20.

yup, back to the election cycle..


9 posted on 12/06/2011 1:48:51 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: VicVega

The over/under on the number of times Corzine invokes the Fifth Amendment is **6** ... per hour of testimony.


10 posted on 12/06/2011 2:08:45 PM PST by SAJ (What is the next tagline some overweening mod will censor?)
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To: All

Obama and Biden made several campaign visits to NJ.

Obama ads for Corzine ran relentlessly on pricey NY media.

Obama directed the WH take over Corzine’s campaign.

OBAMA WAS DESPERATE FOR CORZINE TO WIN. Obama was heavily invested in the NJ gubernatorial race—one of only two statewide races that were a test for Obama’s policies. Virginia also elected a Republican. Obama campaigned in NJ three times, Biden was here twice. Obama TV ads ran relentlessly on costly NY media.

Obama put the power of the WH political machine behind Corzine. The NY Times reported:

(a) every TV ad Corzine put on the air was being screened by Obama’s WH “geniuses.”
(b) Corzine’s aides gave the WH daily briefings.
(c) Obama’s pollsters took over for Corzine’s polling team, and,
(d) White House operatives were on the ground for internal strategy sessions.
(e) Obama sent NJ $17.2 billion “stimulus” which promptly disappeared.

All of it led to Corzine’s humiliating defeat at the hands of a conservative Republican with no war chest to match Corzine’s.

Just goes to show.


11 posted on 12/06/2011 2:19:16 PM PST by Liz
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Claim: Clinton Collected $50K Per Month From MF Global
http://www.humanevents.com/article.php?id=47938 ^

Posted on Monday, December 05, 2011 1:17:26 PM by kcvl

A former MF Global employee accused former president William J. Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy.

Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee, who asked that his name be withheld because he feared retribution.

“They were supposed to be helping Corzine improve his image as a CEO—I guess you can tell how that went,” he said. Corzine resigned as CEO and chairman November 4.

Before Corzine joined MF Global in May 2010, the firm was a smart and well-run commodities broker, a culture that was turned upside-down by his leadership style, he said.

“The traders would be shaking their heads,” he said. “They would come back to their desk and say, ‘Well, I thought we were going to do this—but Corzine would come by and do something else all by himself,’” he said.

The Teneo contract with MF Global lasted at least five months, he said. “The board cancelled it after Corzine resigned.”

The source, who is no longer associated with MF Global, said Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services.

Clinton is the chairman of the company’s advisory board. His duties and compensation have not been released. The other member of the board is former British prime minister Tony Blair?.

Two of the three founding partners are very close to the former president and his wife, Secretary of State Hillary R. Clinton. They are Douglas J. Band, who is the former president’s counselor and has served

(Excerpt) Read more at humanevents.com ...


12 posted on 12/06/2011 2:21:21 PM PST by Liz
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To: SAJ
"The over/under on the number of times Corzine invokes the Fifth Amendment is **6** ... per hour of testimony."

Other than possibly answering his name correctly, I figured he'd take the Fifth on every question afterwards.

I would go with your numbers though just to be fair to Jon jon.

13 posted on 12/06/2011 2:22:59 PM PST by VicVega (LSU is with out a doubt the #1 team in the nation. GEAUX TIGERS)
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To: NormsRevenge

“I decline to answer on the grounds that it might tend to incriminate me.”


14 posted on 12/06/2011 3:32:07 PM PST by JimRed (Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
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To: Liz
All of it led to Corzine’s humiliating defeat at the hands of a conservative Republican with no war chest to match Corzine’s.

Small correction.

15 posted on 12/06/2011 3:35:18 PM PST by JimRed (Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
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To: NormsRevenge
The Democrats will take turns blowing smoke up his ass, consoling him on his troubles, and goading him into blaming Bush for his company's problems.

But all that won't matter in the end. He's going to prison.

He had a lot of rich and powerful friends, but he was stupid enough to steal their money.

Should have stuck to ripping off us serfs, you big dope.

16 posted on 12/06/2011 3:38:09 PM PST by dead (I've got my eye out for Mullah Omar.)
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To: Liz

There is no telling what vermin lies under this rock, but someone needs to start looking.


17 posted on 12/06/2011 3:43:16 PM PST by Lets Roll NOW (Karl Rove can KMA)
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To: OB1kNOb

“Subpoena? Why isn’t that SOB in jail awaiting trial? (rhetorical question)”

I’ll Bet that Corzine knows where a lot of bodies are buried in terms of lot of these people in congress. That makes it hard for anything real to ever get done.


18 posted on 12/06/2011 4:19:33 PM PST by Revel
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To: JimRed

FIRST place CC visitied as gov-elect was the pro-life, anti-gay Family Research Council, to thank them for their support.

Latinos had lacerated his Lt Gov running mate for coming down hard on illegals as a county Sheriff. She won anyway.

CC is most assuredly a social conservative.

He is not universally lauded by other branches of conservatism.


19 posted on 12/06/2011 4:22:37 PM PST by Liz
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To: Lets Roll NOW

You got that right———he needed to do the perp walk w-a-y back-—out of the state house.


20 posted on 12/06/2011 4:25:11 PM PST by Liz
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To: VicVega

The Democrats want to insulate this pig from hearing in the House so they will pre-empt House hearing. How did this concern agriculture that would give the Agriculture Committee concerns?


21 posted on 12/06/2011 4:38:04 PM PST by arrogantsob (Obama must Go.)
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To: NormsRevenge; All

This is a good move. It’s gonna be more fun than a barrel of monkeys to see this slimeball (who’s a real good buddy of Mr. Obama) plead the 5th fourteen hundred bizzalion times in front of live TV cameras. Even the alphabet networks and bird-cage-liner press will be forced to make a brief mention of the event.


22 posted on 12/06/2011 4:56:18 PM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: NormsRevenge

If he’d been dealing with the same customers as Maddoff.....he’d be facing charges and heading to jail,you don’t fuck over the powerful the way he did.Even if those guys
are complete idiots for lending to you the money in the first place.


23 posted on 12/06/2011 7:31:21 PM PST by Del Rapier
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To: dead
He's going to prison.

I've so little confidence in that....that I'd bet you a lot of money, that Jon Corzine doesn't see a day in jail.

He's got insulation, he's got an ex-POTUS's protection.

He's got the current POTUS's protection.

Hell he's got half of both House's of Congress protection.

He's GOLDEN!!

24 posted on 12/06/2011 7:41:54 PM PST by Osage Orange (HE HATE ME)
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To: OB1kNOb
Why isn’t that SOB in jail awaiting trial?

Why isn't he swinging from a rope around is neck?

25 posted on 12/06/2011 7:53:11 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Liz

For some reason I still hate Clinton more than Obama. Force of habit?


26 posted on 12/07/2011 7:24:11 AM PST by Inwoodian
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To: Inwoodian

To each his own. Both are repulsive, to be sure.


27 posted on 12/07/2011 7:58:58 AM PST by Liz
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To: Liz; JimRed

CC positively rots when it comes to firearm rights. Although, in his defense, he DID pardon that gentleman earlier in the year who was unjustly busted and thrown in jail for merely transporting firearms while moving.

But that single act of common sense is a long, long way from supporting NJ gun owners.

But he may be the best Jersey can do right now...Lonegan would have been better, but...


28 posted on 12/07/2011 9:26:03 AM PST by NFHale (The Second Amendment - By Any Means Necessary.)
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To: NormsRevenge

I am listening to this now.

http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/12/01/ann-barnhardt/entire-futures-options-market-destroyed-by-mf-global-collapse


29 posted on 12/07/2011 3:43:11 PM PST by infool7 (Let us water the tree...)
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