We’ll talk about the debate. Yeah, another one. Plus, Breibart resigns from GOProud board; news of the week; my amazingly accurate psychic predictions for the upcoming week in news and its my anniversary! We’ll try to get Mr. Davis to call in for a bit and talk about what an awesome wife and mother I am and how marrying me was the best thing he ever did in his whole entire God-given life. Join us at 10p.m. ET, 7p.m. Pacific on the CDNews Radio Network. Tune in or I put Jon Corzine in charge of your banks accounts.
Tag Archives: Corzine
Jon Corzine, Democrat, former New Jersey senator and governor, former Goldman Sachs CEO, former MF Global CEO, and (former?) Obama confidant, was advised by Teneo Holdings, whose chairman of the advisory board is Democrat former president Bill Clinton. MF Global was advised by Teneo to invest in European financial investments like the ones that ultimately led to MF Global’s collapse in October, 2011. Said Corzine on Thursday, December 8, 2011, “I simply do not know where the money is, or why the accounts have not been reconciled to date.” He continued, “My sadness, of course, pales in comparison to the losses and hardships that customers, employees and investors suffered as a result of MF Global’s bankruptcy.” In the wake of the Enron scandal, Corzine was a BIG supporter of what became known as Sarbanes-Oxley which, among other things, forced CEOs to take personal (and criminal) responsibility for reporting what was going on in their companies to (supposedly) prevent investors from losing lots and lots of money due to internal shenanigans by executives at companies who had only the most passing interest in protecting their stockholders’ and investors’ money.
BTW, Jon Corzine made $400 million when Goldman Sachs went public.
But enough about Jon Corzine and his troubles. Let’s get on with the purpose of this post.
On Thursday’s (December 8, 2011) All Things Considered, NPR’s Yuki Noguchi and Lynn Neary omitted Jon Corzine’s Democrat affiliation, while Noguchi gave the Republican party affiliation of Frank Lucas and Timothy Johnson, two representatives who questioned Corzine at a recent hearing.
After NBC News anchor Brian Williams set up the Corzine report, correspondent Kelly O’Donnell included Corzine’s party affiliation in only the beginning of her report.
On the CBS Evening News, anchor Scott Pelley failed to identify Corzine’s party.
As ABC’s World News devoted an entire report to Corzine’s testimony, neither substitute anchor David Muir nor correspondent Linsey Davis mentioned party affiliation.
And the New York Times, in an October story, cited Corzine’s party affiliation in paragraph nine.
This Associated Press story, a rather long one (judge for yourself) that discusses Corzine’s career, mentioned his party affiliation in the penultimate paragraph.
Babies cry. Water is wet. If you jump off a building you’ll always go down, never up.
We hold these truths to be self-evident.
When you lie down with dogs, or #OWS protesters, you get fleas.
Sometimes dogs get tired of the hand that once fed them throwing them under the bus, and unable to patiently wait until the big dog is out of the White House (yeah, I went there) they begin to bite the hand by letting some of the factoids they had agreed (tacitly or explicitly) to keep on the Down Low slip out. [I keed, I keed]
As a bonus you get a surreptitious birds eye view of what these people have in store for your kids educational future.
To be fair it looks as if the Unrepentant Terrorist Bill Ayers was unaware that he was being taped…boo hoo. I’m pretty sure SFPD Sgt. Brian McDonnell was unaware Ayers’ Weather Underground Terrorists were going to kill him one day in February 1970.
But that sort of thing didn’t concern young Barack Obama. Like the #PeePeeParty aka #OWS one can safely assume that he sympathized with the aims if not the methods of the Weather Underground otherwise he would keep his distance from an Unrepentant Terrorist rather than hold a fundraiser in his living room.
Of course, by that logic he wouldn’t have associated with and participated in a highly questionable land deal with the likes of Antoin ‘Tony’ Rezko who just got Ten and a half years for corruption and was sentenced wearing a prison jumpsuit and leg irons.
Should I toss in Blago? Or my personal fave Billionaire Former New Jersey Democrat Senator and Governor, Former Goldman Sachs CEO and Currently Under Investigation (and probably Heavy Security) CEO of the defunct MF Global (was there ever a better named company?) which ‘lost’ a reported $600 Million of Customer Funds that was ‘apparently’ commingled with the companies funds (highly illegal) but was then found to be actually $1.2 Billion.
When you’re a High Rolling Democrat Politician that’s a ‘Rounding Error’.
Jon Corzine’s Troubles
- MF Global, headed by Jon Corzine, has filed for bankruptcy protection, apparently because of holdings of European debt. This bankruptcy will likely be one of the ten largest bankruptcies ever.
- Regulators are investigating whether hundreds of millions of dollars are missingfrom MF Global client accounts.
- Corzine is the target of an FBI investigationinto the handling of hundreds of millions of dollars invested in his securities firm.
- When Corzine returned to the securities business, he did so without requalifying or registering, as required by the Financial Industry Regulatory Authority (FINRA), who apparently waived the requirement.
- Months before MF Global went bankrupt, federal regulators sought to reduce the types of risky trades that contributed to the firm’s collapse, but they faced opposition from Jon Corzine.
- MF Global urged a federal agencyto allow futures firms to invest funds from their customer segregated accounts in foreign sovereign debt.
- MF Global’s comment letter (to the Commodities Future Trading Commission [CFTC]) is just one of several communications it had with federal agencies over implementation of the Dodd-Frank financial reform law.
- CFTC Chairman Gary Gensler says he withdrew from an investigation of Jon Corzine’s collapsed securities firm to avoid being a “distraction.” Gensler worked for Corzine when they were both at Goldman Sachs. A former Corzine staffer, Steven Adamske, currently serves as the CFTC public affairs director.
- When Corzine ran for New Jersey Governor, Gary Gensler gave $10,000 to the N.J. State Democrat Party that was trying to get Corzine elected.
Corzine’s and MF Global’s Political Contributions
MF Global employees, since 2007, contributed $408,000 to federal candidates and political parties, including $38,000 to President Barack Obama, the largest recipient of MF Global employee contributions. During the 2008 election, Democrats received 68 percent of MF Global employees’ contributions. But after Corzine joined in 2010, employees contributed 97 percent of MF Global-related campaign contributions to Democrats. Democrats maintained that advantage, with about 94 percent of MF Global employee donations through June, 2011. Jon Corzine and his spouses have given more than $917,000 to Democrat federal campaigns and state political parties during the last two decades. A supporter of Obama, Corzine fund-raised for Obama during his 2008 presidential campaign, and has leaned on his moneyed friends and connections to bundle about $500,000 so far for Obama’s 2012 run.
What Do Corzine’s Financial and Legal Troubles Mean To Obama?
President Obama referred to Corzine as ‘our guy on Wall Street’ at a meeting of Democrat governors in Chicago in 2008. Corzine has also played a “Central Role” in Obama’s Wall Street fundraising efforts, but that role is now threatened by his financial troubles. A list of top “bundlers” put Corzine in the highest category, reporting that he had raised more than $500,000 for the Obama campaign, with a big part coming from a $35,800 per ticket fundraiser that Corzine hosted at his wife’s Fifth Avenue apartment. The event was advertised as part of an effort by Obama’s campaign team to reach out to rich Wall Street donors who had been put off by some of his policies and comments. A few months after that fund-raiser MF Global surprised many Wall Street investors by issuing securities notes that highlighted Corzine’s close relationship with the White House. The notes, which promised to pay an extra 1% if Corzine departed, suggested that the former New Jersey governor might be in line for a top administration post should the president get re-elected. Corzine was one of the leading Wall Street fundraisers for President Obama’s campaign.