“Jon Corzine – What’s Going On?”

The Daily Reckoning ^ | 05/16/12 | Sydney Williams

[Eccl 10:2]

It pays to be rich, powerful and a Democrat with friends in Washington. While Anna Gristina, a Connecticut mother accused of being a New York “madam” sits in a cell on Riker’s Island, Jon Corzine, the former CEO of MF Global sits at home in his New Jersey mansion. MF Global had been a publically traded securities firm with $40 billion in assets, but with liabilities even larger, filed for bankruptcy late last year, after being accused of co-mingling customer funds with its own, a flagrant violation of securities law.

[Texas resident]

MF Global lost 1.6 billion of Private Citizens Money.

Shortly after the news hit, obama bragged that he had raised about a billion dollars for his campaign.

This regime is openly laundering money from the treasury through his unions to raise campaign money.

So it is very believable that the “missing” MF global money is now in obama’s bank account.

[3rdcoastislander]

Right, but when it comes down to it the media won't decide who lives and who dies, whoever the president is will. He can unleash the DOJ dogs or make them heal.

Now to your point the current POTUS would most undoubtedly be swayed by the media because they are the ones who got him elected in the first place.

[Vermont Lt]

You have no idea what Bain does.

Bain might not provide a service you want (I know I would hate to see them at MY door) but what Corzine did was criminal in the most basic sense of the word.

Millions simply vanished. And his answer is akin to what my kids say when I ask where all the cookies went.

[Steely Tom]

Corzine was a huge bundler for Obama - One of his biggest, no doubt.

Still is.

[rightwingintelligentsia]

I can imagine the caption:

“The one on the right made $1.6 billion in client money disappear. The one on the left made $XX trillion in taxpayer money disappear.”

[I am Richard Brandon]

"We shall see if they really are."

We have seen. They are! They truly are. /s

[Lucas McCain]

“Sounds a lot like Bain...”

Wow, that’s the kind of stupidity one usually only encounters after stumbling into Democratic Underground.com.

[ridesthemiles]

I am starting to have some pretty nasty ideas about what exactly M F really stands for!!!

[CincyRichieRich]

I can imagine the caption:

“The one on the right made $1.6 billion in client money disappear. The one on the left made $XX trillion in taxpayer money disappear.”

---

Awesome - I would only add, that both are democrats.

[moonhawk]

Glad Romney’s so popular around here.

Corzine ripped off his customers and probably the taxpayers in an illegal act. Bain just did it legally.

How do you like bailing out the pension funds they stripped?

Do you think it should be legal to borrow money in the name of a business you acquire in order to pay your cronies and yourself a huge “consulting” fee and then declare bankruptcy an unable to repay the loan, thus putting the company out of business?

Bain is to Free market capitalism as the Westboro baptist church is to Christianity.

[Wolfie]

Frontline ran an excellent piece on Corzine’s crimes last night. The best part, the BEST part, was all of Corzine’s “we just don’t know where the money is” bullshit. They had a financial expert on for analyis who said, “Oh, we know the money is. It’s at JP Morgan”. What a co-inky-dink.