Jon Corzine

ssd

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Leaves his governorship in NJ with NJ the 3rd most indebted state

Becomes head of MF Global - who files for Chapter 11 today.

What a track record for this guy.

Rumor is he gets a $12 million parachute on his way out.

My guess:
His former company, Goldman-Sachs, gets a sweetheart deal on MF Global............
 

StevieD

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Leaves his governorship in NJ with NJ the 3rd most indebted state

Becomes head of MF Global - who files for Chapter 11 today.

What a track record for this guy.

Rumor is he gets a $12 million parachute on his way out.

My guess:
His former company, Goldman-Sachs, gets a sweetheart deal on MF Global............

It would be nice to tax that parachute at about 50%
 

ssd

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Makes you wonder.....

Corzine spent $62 MILLION of his own fortune in his election bid - either for Senate or Governor - I do not recall which - to win a job paying maybe $150k per year?

Does that make any sense?
 

Trench

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Makes you wonder.....

Corzine spent $62 MILLION of his own fortune in his election bid - either for Senate or Governor - I do not recall which - to win a job paying maybe $150k per year?

Does that make any sense?
He's spent more than $130 million of his own money on campaigns since 2000. Crazy.

http://politicalticker.blogs.cnn.co...arly-exhausts-self-funded-campaign-war-chest/

But then, it's not like he really "earned" that money, is it? His personal fortune is a direct result of the Goldman Sachs IPO.
 
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The Sponge

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I have said this numerous times. If there was one thing i wouldn't mind my taxes being raised for it would be a salary cap on elections funded by tax payers. Give each guy 10 million and that is it. This kind of shit really just pisses ya off. Spending so much money for such a small pay. Can someone take my idea (salary cap)to the congress and see if ya can get three or four votes for it.
 

Skulnik

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I have said this numerous times. If there was one thing i wouldn't mind my taxes being raised for it would be a salary cap on elections funded by tax payers. Give each guy 10 million and that is it. This kind of shit really just pisses ya off. Spending so much money for such a small pay. Can someone take my idea (salary cap)to the congress and see if ya can get three or four votes for it.

Sure Wet Rag, sure.

PITY REALLY

JMHO

:nono:
 

ssd

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It is coming to light that MF Global co-mingled client accounts with their own cash when they were running out.

BIG NO NO!

Apparently client accounts are a few 100 millions short!

If this is true, Corzine should see jail time.
 

Skulnik

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Now Check Out All The Ways Jon Corzine Is Connected To Democrats And Obama

<!-- Byline -->Joe Weisenthal|Oct. 31, 2011, 12:19 PM|<nobr>2,011</nobr>|<nobr title="Read comments">http://www.businessinsider.com/chec...ected-to-democrats-and-obama-2011-10#comments12</nobr>
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jon-corzine.jpg
The Republicans have just posted this regarding Jon Corzine, the man at the helm of failed MF Global.
----------------
Jon Corzine?s Wall Street Firm, MF Global Has Filed For Bankruptcy. ?Broker-dealer MF Global, headed by former New Jersey governor and Goldman Sachs chairman John Corzine, has filed for bankruptcy protection, apparently because of holdings of European debt.? (?Broker-Dealer MF Global Files For Bankruptcy,? USA Today, 10/31/11)
  • Corzine Is Expected To Receive A $12 Million Golden Parachute. ?With a sale of MF Global, Mr. Corzine?s role at the firm will almost certainly end, though he is expected to receive a severance payment of nearly $12.1 million.? (Michael J. De La Merced And Ben Protess, ?MF Global Said To Be In Deal Talks With Interactive Brokers,? The New York Times? ?Dealbook,? 10/30/11)
Corzine Has Bundled Over $500,000 For Obama?s Reelection Campaign. (Center For Responsive Politics, Opensecrets.Org, Accessed 10/31/11)
  • ?Corzine Has Already Held A High-End Fundraiser And Organized A Secret Meet-And-Greet Between Finance Executives And Obama?s New Chief Of Staff.? (Peter Stone, Elizabeth Lucas, John Aloysius Farrell, Paul Abowd and Rachael Marcus, ?Obama Campaign Reports More Than 350 Big Bundlers, Including Solyndra Figures,? Iwatch News, 10/14/11)
Corzine Co-Hosted A Wall Street Fundraiser For Obama In April. ?President Obama's first New York event since he declared his reelection will be at the home of former New Jersey Gov. Jon Corzine, the former Goldman Sachs financier who will host a high-dollar, small dinner, an invitation to the event shows. Tickets to the event, which sources said Corzine is co-hosting with another financier, longtime Obama backer Orin Kramer and his wife, cost $35,800 per person.? (Maggie Haberman, ?Obama Fundraiser At Corzine Home,? Politico, 4/5/11)
  • The Fundraiser Was Part Of Obama?s Efforts ?To Soothe Frayed Relations? With Wall Street. ?The choice of Corzine's home is notable, given his ties to the financial sector. The White House has made efforts in recent months to soothe frayed relations with the business community, after an election cycle during which some donors, unhappy with the push for Wall Street reform, claimed to be sitting on their hands.? (Maggie Haberman, ?Obama Fundraiser At Corzine Home,? Politico, 4/5/11)
Corzine Attended Obama?s Blue Room Meeting With Wall Street Donors. (Josh Gerstein, ?All At DNC Blue Room Meeting With Obama Were Donors, Politico?s ?Under The Radar,? 6/26/11)
  • Just Before Announcing For Reelection, Obama Brought Two Dozen Wall Street Executives And Long-Time Donors To The White House For A Blue Room Meeting. ?A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House?s Blue Room.? (Nicholas Confessore, ?Obama Seeks To Win Back Wall St. Cash,? The New York Times, 6/12/11)
  • The Meeting Was Organized By The Democratic National Committee To Try To ?Win Back? Wall Street, One Of Obama?s Main Sources Of Campaign Cash. ?The event, organized by the Democratic National Committee, kicked off an aggressive push by Mr. Obama to win back the allegiance of one of his most vital sources of campaign cash ? in part by trying to convince Wall Street that his policies, far from undercutting the investor class, have helped bring banks and financial markets back to health.? (Nicholas Confessore, ?Obama Seeks To Win Back Wall St. Cash,? The New York Times, 6/12/11)
  • Obama ?Opened The Floor? For The Donors To Talk To Him ?On Hot Issues.? ?The guests were asked for their thoughts on how to speed the economic recovery, then the president opened the floor for over an hour on hot issues like hedge fund regulation and the deficit.? (Nicholas Confessore, ?Obama Seeks To Win Back Wall St. Cash,? The New York Times, 6/12/11)





Read more: http://www.businessinsider.com/chec...-to-democrats-and-obama-2011-10#ixzz1cTKcgQg5
 

ssd

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Skulnik:

Thanks for posting that info but this is not an R vs D issue to me. I'm sure there are examples of R doing similar crap.

What reason would make a guy spend $130 Million to make $150k / yr? Is it pure ego or what? Inside info for real estate deals or stock deals or what?

It is what is wrong with our political system.

If client funds were comingled with company funds, he should go to jail.

Certainly, these people are NOT our best and brightest....
:facepalm:
 

ssd

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Originally thought there was only a couple hundred million of client funds missing.

Now, it could be upwards of $1.2 billion missing.

Corzine and all MF GLobal (kinda fitting initials) should be in jail.
 

Duff Miver

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Originally thought there was only a couple hundred million of client funds missing.

Now, it could be upwards of $1.2 billion missing.

Corzine and all MF GLobal (kinda fitting initials) should be in jail.

It sounds like there's evidence of criminal activity

Maybe he'll get to share a cell with a big ugly dude who would make Jon boy his bitch.:0074
 

ssd

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Warden: "Jon, meet your new cell mate, MF Bubba"
Jon: "MF?"
Warden: "We're not sure what the initials mean but thought it fitting to put you with him. He has assured us that he will make sure that YOU learn what the MF means"

Just shoot these guys. Send a message
 
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