Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bamís boodle bundler
NY POST ^ | 2-1-12

Posted on 02/01/2012 12:18:59 PM PST by afraidfortherepublic

When last heard from, former New Jersey Gov. Jon Corzine was telling a congressional committee he hadn’t the foggiest idea what happened to $1.2 billion of his Wall Street clients’ money.

This, following the $6.3 billion collapse last fall of MF Global, the brokerage Corzine took over after voters ousted him from the Trenton statehouse.

The firm went belly-up after Corzine decided to risk pretty much everything on European debt.

But an audit couldn’t account for $1.2 billion, and suggested the firm may have illegally mixed client funds with the company’s own.

The Wall Street Journal reported this week that investigators now believe a “significant amount” of the money could have been “vaporized” by chaotic MF Global trading.

Corzine, for his part, simply scratched his head in public befuddlement last fall when asked where the missing money might be.

That pretty much scotched any further speculation that Corzine would be named President Obama’s next Treasury secretary.

But it hasn’t stopped the former governor from continuing to raise oodles of cash for the Obama-Biden re-election effort — more than $500,000, according to the campaign’s Web site.

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


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: cash; corzine; mfglobal; obama

1 posted on 02/01/2012 12:19:01 PM PST by afraidfortherepublic
[ Post Reply | Private Reply | View Replies]

To: afraidfortherepublic
MF Corzine's $$$'s mysteriously VAPORIZED into someone's account(s)...but whose? Mmmmm-mmm-mmm.
2 posted on 02/01/2012 12:31:30 PM PST by Jane Long (Soli Deo Gloria!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jane Long
Bingo! You can't fool the Mother of Texas!

;^)

3 posted on 02/01/2012 12:36:57 PM PST by afraidfortherepublic
[ Post Reply | Private Reply | To 2 | View Replies]

To: afraidfortherepublic
That makes him one of the president’s top bundlers — or, as the Obama word-wranglers call them, “volunteer fundraisers.”

Actually, one of Bam's "kind, considerate, hard-working, volunteer fund-raisers."

4 posted on 02/01/2012 12:37:48 PM PST by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cicero

And like the money, the story will also vaporize after today. Evidence of such misdeeds only interests the MSM when they involve Republicans/conservatives. And the investigation will also end up a black hole.


5 posted on 02/01/2012 1:29:31 PM PST by huckfillary (qual tyo ta)
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson