Skip to comments.Senate panel to subpoena Corzine on MF Global
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 ...
A dog and pony show. Harsh words, no action on Jon boy.
Going through the motions of an ‘investigation’, I see. Flank covered with the OWS crowd. Proceed with the presidential campaign.
Subpoena? Why isn’t that SOB in jail awaiting trial? (rhetorical question)
nyaaa.. this one may have legs,, 1.2 billion of them.. :-)
This’ll be just for show, that is if they can get him off his island.
Corruption reigns .
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..
The over/under on the number of times Corzine invokes the Fifth Amendment is **6** ... per hour of testimony.
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 Corzines campaign.
OBAMA WAS DESPERATE FOR CORZINE TO WIN. Obama was heavily invested in the NJ gubernatorial raceone of only two statewide races that were a test for Obamas 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 Obamas WH geniuses.
(b) Corzines aides gave the WH daily briefings.
(c) Obamas pollsters took over for Corzines 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.
Claim: Clinton Collected $50K Per Month From MF Global
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 Globals former CEO Jon S. Corzine to improve his image and to enhance his connections with Clintons 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 CEOI 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 thisbut 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 companys 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 presidents counselor and has served
(Excerpt) Read more at humanevents.com ...
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.
“I decline to answer on the grounds that it might tend to incriminate me.”
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.
There is no telling what vermin lies under this rock, but someone needs to start looking.
“Subpoena? Why isnt 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.
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.
You got that right———he needed to do the perp walk w-a-y back-—out of the state house.
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?
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.
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.
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.
Why isn't he swinging from a rope around is neck?
For some reason I still hate Clinton more than Obama. Force of habit?
To each his own. Both are repulsive, to be sure.
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...
I am listening to this now.