Ex-MF Global CEO Jon Corzine: ‘I Simply Do Not Know Where The Money Is’
Based on his stewardship of New Jersey i can answer where some of the MF money went:
To those people he was talking to on the House Agricultural Committee* to the extent they came from those legalized bribes that Jon Corzine doled out in his heyday. He made tens of millions of dollars from this type of financial chicanery, shared a taste with those who allowed him to make tens of millions of dollars, and now he’s puzzled as to what happened.
Unfortunately for him, his victims in the private sector have some clout. Not so, in New Jersey government where money goes missing all the time from transportation trust funds, pension funds, and musicfests with the taxpayer-victims not even given the decency of hearing an “I don’t know”
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* Agricultural Committee? All the other committees were otherwise engaged?
Posted by brookyn91941 on December 8, 2011 at 2:09 pm
Jon Corzine acted like he was still at Goldman, with the same hubris. However the lack of funding for pension funds started way before him, and is still going on. The leverage game continues on Wall Street and will eventually cause the system to collapse if not stopped.
Posted by speedo on December 8, 2011 at 2:21 pm
The leverage game has gotten worst …before Lehman “banks” gambled with there own money …Now we have TBTF banks leverage over 40 to 1 problem here is that taxpayers money are now guaranteeing Corzine always had a problem with the difference of MY money and his ,so he always just put his hands into my pocket to pay the states bills …a jackel never changes
Posted by Javagold on December 8, 2011 at 2:41 pm
hang the MFer
Posted by Tough Love on December 8, 2011 at 3:00 pm
Corzine will never die a poor man, but he’ll be spending the better half of the remainder of his life fighting to not lose it all.
Posted by briandin on December 8, 2011 at 6:06 pm
I thought he was very creative blaming the failure on his predecessors.
Reminds me of a certain President blaming the “failed economic policies” on an earlier crony capitalist. http://www.cnbc.com/id/45597426
I thought it could not get any more embarrassing to be from NJ when McGreevey stepped down. Now I see that Corzine has really set a bar so low that the next player will need an electron microscope to see the space between the bar and the ground.
Posted by bpaterson on December 8, 2011 at 7:07 pm
briandin, and yet that height will still allow the NJ politicians collective conscience pass under it.
Posted by brian on December 8, 2011 at 7:41 pm
bp, amazingly, I think you are right about that. To think this was once the battleground of the Revolution. I feel like that Indian in the commercial (decades ago) who shed a tear while looking over a landscape strewn with garbage. It is a different kind of garbage that we are left with, but there is that same sense of futility and sadness.
Posted by Nor Siwell on December 14, 2011 at 12:25 pm
Ok here we go, first freddie and fanny and now MF how can the liberals act so innocent when in fact they have finger prints all over these criminal acts against working tax paying legal USA constitution supporting Americans, this is real Bull Shit. I want to see these high profile above the law Asshole’s answer to the American people, we want justice. Below is a cut and paste article that was sent to my email, could someone who is astute, honest and not two faced explain what this insinuates has taken place. I want people who support Obama to realize more than once he has stated he will act on issues without congress support. He did force through ObamaCare so we have a ObamaGate that needs uncovered, something stinks like a rat in the wall. Obama is now on the attack of all Republicans for the economy and has stated how the republicans don’t care about the middle class, well it looks to me like he and his clan and liberal friends are doing nothing to help anyone but lining there own pockets. I bet you and average group of honest fair minded level headed legal Americans with some common sense could turn this country in the right direction. My God we have a mell of a hess knuckle heads in Washington, especially N.P. We getting rid of one B.F.
RS RedState. georgeclymer28 (Diary) Posted by

Tuesday, December 13th at 3:01PM EST
Recommenders: Kyle-MI (Diary), Kyle-MI (Diary) *********** To summarize, our list of perps and perp-enablers in this theft of $1.2 billion from innocent investors include the following Democrats: John Corzine, Democrat former Senator and governor, fund-raiser for Obama; George Soros; Bill Clinton (through MF Global advisory fees); and Gary Gensler, head of the CFTC, Democrat fund-raiser and office-holder.