Seems Corzine had plans to buy another political office, this time treasury secretary.
From a story in the Washington Post:
The bankrupt financial company MF Global, now under federal investigation for possibly misusing clients’ money, is one of the top sources of contributions for President Obama’s reelection, complicating the campaign’s effort to turn public anger at Wall Street into a political advantage.
Employees of the company have given $108,650 to Obama’s campaign and the Democratic National Committee, according to federal records. MF Global’s chairman and chief executive, former New Jersey governor Jon Corzine, has raised at least $500,000 for the campaign and the DNC as a “bundler,” or volunteer fundraiser.
And:
MF Global recently made a bond sale with an unusual clause, saying the interest rate on the bonds would rise 1 percent if Corzine ended up being appointed to a post in the Obama administration. There has been speculation that he could be in line for Treasury secretary if the president is reelected.
So (alleged) Wall Street crook Jon Corzine possibly had plans to buy a seat that would put him at the pinnacle of power over the US economy and apparently felt he had a willing seller in Barak Obama. I’m sure the Wall Street occupiers are completely outraged at this . I don’t know why they aren’t down there protesting at the White House. The only thing I can think of is that they just don’t know how to get there so to help them out I have provided, courtesy of Google Maps, directions from Zuccotti Park to the home of the influence-peddler in-chief.
One Comment
Well I guess one positive of the MF Global debacle is that there is no longer much change of a Treasury Secretary Corzine.
Post a Comment