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(Sunlight Foundation) Followup More on the MF Global collapse/scandal: as much as $900M in client money is missing from the Jon Corzine-led firm. Democrats frantically scramble for new round of Chris Christie fat jokes   (reporting.sunlightfoundation.com) divider line 110
More: Followup, MF Global, Jon Corzine, European debt crisis, Sunlight Foundation, Commodity Futures Trading Commission, Gary Gensler, Chris Christie, Dodd-Frank  
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1498 clicks; posted to Politics » on 03 Nov 2011 at 12:04 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



110 Comments   (+0 »)
   

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2011-11-03 09:00:28 AM
I'm pretty sure a whole lot of Democrats wouldn't mind seeing Corzine rot in a cell. I know I wouldn't.
 
2011-11-03 09:06:35 AM
Jon Corzine is the 1%
 
2011-11-03 09:09:05 AM
MF Global's comment letter is just one of numerous communications the firm had with federal agencies over implementation of the Dodd-Frank financial reform law, according to meeting logs maintained by federal agencies combined and posted on the Sunlight Foundation's Dodd-Frank Meeting Log tracker. Corzine, a leading Wall Street fundraiser for President Barack Obama's 2012 reelection campaign, met personally with agency staff on at least four occasions, one of those a conference call that included CFTC chairman Gary Gensler. Overall, MF Global staff, including Corzine, met with agency officials ten times, all but one of those meetings with the CFTC.

Among the topics discussed at these meetings were Dodd-Frank provisions on "segregation and bankruptcy," which seek to protect customer funds in the event of a bankruptcy.


Pick a side, teabaggers.

Is Corzine bad or is Dodd-Frank bad?
 
2011-11-03 09:11:34 AM
We don't have to look for fat Chris Christie jokes, what we have to look for is Chris christie's bone structure...
 
2011-11-03 09:46:17 AM
JerseyTim: I'm pretty sure a whole lot of Democrats wouldn't mind seeing Corzine rot in a cell. I know I wouldn't.

Generally speaking, NJ has had some disastrous Democratic governors and some pretty solid Republican governors. Emphasis on "generally".

I miss the days when people knew what a "Tom Kean Republican" actually meant.
 
2011-11-03 09:50:58 AM
Corzine was a scumbag and I don't know of any Democrat who wants to actually defend him.
 
2011-11-03 09:54:13 AM
Darth_Lukecash: We don't have to look for fat Chris Christie jokes, what we have to look for is Chris christie's bone structure...

What bone structure is that? Mammoth?

/Didn't vote for either.
 
2011-11-03 09:55:54 AM
Diogenes: JerseyTim: I'm pretty sure a whole lot of Democrats wouldn't mind seeing Corzine rot in a cell. I know I wouldn't.

Generally speaking, NJ has had some disastrous Democratic governors and some pretty solid Republican governors. Emphasis on "generally".

I miss the days when people knew what a "Tom Kean Republican" actually meant.


Tom Kean was the last good (elected) governor of NJ. Everything was downhill after him. Personally, I think Christie Whitman (R) was the worst disaster to befall NJ, because she set the system in place that lead to the massive budget deficits several years down the road by cutting taxes and raiding pension funds to pay for those tax cuts. Every governor after her was brought down mostly because of 1) stupid personal scandals (McGreevy) or the problem of trying to balance the budget that Whitman threw into disarray (Corzine).

That said, the last good governor of NJ was Richard Codey (who was unelected).
 
2011-11-03 09:57:36 AM
You do realize that headline gives a better defense for Jon Corzine than anyone you're likely to find around here, right? Well, unless Cameron gets specific orders to, that is.
 
2011-11-03 10:08:25 AM
Diogenes: JerseyTim: I'm pretty sure a whole lot of Democrats wouldn't mind seeing Corzine rot in a cell. I know I wouldn't.

Generally speaking, NJ has had some disastrous Democratic governors and some pretty solid Republican governors. Emphasis on "generally".

I miss the days when people knew what a "Tom Kean Republican" actually meant.


Bret Schundler would have been an excellent governor, but the rest of the state hates Jersey City because they're still not over Frank Hague.
 
2011-11-03 10:15:56 AM
GAT_00: You do realize that headline gives a better defense for Jon Corzine than anyone you're likely to find around here, right? Well, unless Cameron gets specific orders to, that is.

lol
 
2011-11-03 10:18:30 AM
Sorry subby. You are not going to see the left do mental gymnastics to defend Corzine. Even the democrats in NJ got sick of him real fast.

So where does he do more damage? The private or public sector? And how is this politics? He is in the private sector now. Sure he is a top fund raiser for Obama but there is no indication the troubles at MF have anything to do with the Obama administration or re-election effort.

Trying to make this a political issue is just deflection from the right. The truth is this whole mess is just one more thing #OWS can point a finger at. $900Mil is missing and they tried to use depositors money tocover their bad bets on foriegn policy. There better be some jail time coming out of this or its only going to enrage and embolden the #OWS crowd. This goes to the core of why those folks are protesting worldwide.
 
2011-11-03 10:20:55 AM
You know, this is a big business in trouble. Shouldn't the GOP be defending him and calling for him to get a bailout?
 
vpb [TotalFark]
2011-11-03 10:31:37 AM
GAT_00: You know, this is a big business in trouble. Shouldn't the GOP be defending him and calling for him to get a bailout?

They are only pro-business if the business in question pays them off.
 
2011-11-03 10:44:24 AM
Whatever his political party, Corzine is a Goldman Man first and foremost. Besides, he's the Best and the Birghtest! We can't blame those people for these kinds of free market problems! In fact, we have to leave them in charge because they're the only ones smart enough to fix the problems that happened on their watch through no fault of their own!
 
2011-11-03 10:53:57 AM
vpb: GAT_00: You know, this is a big business in trouble. Shouldn't the GOP be defending him and calling for him to get a bailout?

They are only pro-business if the business in question pays them off.


True. A quick search on OpenSecrets shows mostly Democratic donations. So they're one of those evil companies.
 
2011-11-03 11:06:21 AM
Diogenes: JerseyTim: I'm pretty sure a whole lot of Democrats wouldn't mind seeing Corzine rot in a cell. I know I wouldn't.

Generally speaking, NJ has had some disastrous Democratic governors and some pretty solid Republican governors. Emphasis on "generally".

I miss the days when people knew what a "Tom Kean Republican" actually meant.


QFT.

He was a good man for the state.
/Jersey since 73
 
2011-11-03 11:09:25 AM
Aarontology: Jon Corzine is the 1%

I am part of the 99.44%
static5.businessinsider.com

/hot like a shower.
 
2011-11-03 11:46:21 AM
Wait, so what you are saying is that the former CEO of Goldman Sachs is a shady individual? You don't say? But I thought that whole company was run by good upstanding people.
 
2011-11-03 11:47:45 AM
SuburbanCowboy: Wait, so what you are saying is that the former CEO of Goldman Sachs is a shady individual? You don't say? But I thought that whole company was run by good upstanding people.

JOB CREATORS!
 
2011-11-03 11:52:40 AM
sammyk: Sorry subby. You are not going to see the left do mental gymnastics to defend Corzine. Even the democrats in NJ got sick of him real fast.

So where does he do more damage? The private or public sector? And how is this politics? He is in the private sector now. Sure he is a top fund raiser for Obama but there is no indication the troubles at MF have anything to do with the Obama administration or re-election effort.

Trying to make this a political issue is just deflection from the right. The truth is this whole mess is just one more thing #OWS can point a finger at. $900Mil is missing and they tried to use depositors money tocover their bad bets on foriegn policy. There better be some jail time coming out of this or its only going to enrage and embolden the #OWS crowd. This goes to the core of why those folks are protesting worldwide.


this
 
2011-11-03 12:01:29 PM
Article headline: MF Global pushed regulators to use client funds

So the regulators used the funds of MF Global's clients? I think you means "MF Global pushed regulators to allow it to use client funds
 
2011-11-03 12:08:51 PM
Corzine is an assclown, this has been common knowledge for some time.
 
2011-11-03 12:09:14 PM
JerseyTim: I'm pretty sure a whole lot of Democrats wouldn't mind seeing Corzine rot in a cell. I know I wouldn't.

Given that Corzine bought his Senate seat and one term as governor (but couldn't buy a second term in a blue state) I think you'd have to dig pretty deep to find a lot of support for him from Democrats at a national level.

/PA resident
//thought he made a mistake when he ran for governor
 
2011-11-03 12:11:12 PM
Good to see republicans supporting tougher regulation.
 
2011-11-03 12:11:49 PM
I'd be happy to see him him the same cell block as Blagojevich and Ryan.
 
2011-11-03 12:18:21 PM
Wendy's Chili: MF Global's comment letter is just one of numerous communications the firm had with federal agencies over implementation of the Dodd-Frank financial reform law, according to meeting logs maintained by federal agencies combined and posted on the Sunlight Foundation's Dodd-Frank Meeting Log tracker. Corzine, a leading Wall Street fundraiser for President Barack Obama's 2012 reelection campaign, met personally with agency staff on at least four occasions, one of those a conference call that included CFTC chairman Gary Gensler. Overall, MF Global staff, including Corzine, met with agency officials ten times, all but one of those meetings with the CFTC.

Among the topics discussed at these meetings were Dodd-Frank provisions on "segregation and bankruptcy," which seek to protect customer funds in the event of a bankruptcy.

Pick a side, teabaggers.

Is Corzine bad or is Dodd-Frank bad?


ummmm.....both?

/seriously, Obama considered this guy for a cabinet position.

Link
 
2011-11-03 12:18:35 PM
sammyk: Sure he is a top fund raiser for Obama but there is no indication the troubles at MF have anything to do with the Obama administration or re-election effort.

Trying to make this a political issue is just deflection from the right.


No, it is all too common for official Washingtonians of both parties to bounce back and forth between government and the major industries regulated by government - just as Jon Corzine has done, from Goldman to various posts under Clinton to the Senate to Trenton and back to the financial industry while bundling for Obama.

Dick Cheney is another prime example.

One hand washes the other.

And should Republicans win power in 2012, they will add sleazy new wrinkles to the existing culture of corruption, just as they did when legislative power changed hands in the mid-00's and just as the Democrats did in '07 and '09.

Both sides are bad - and absent an effective third party or either major party having a sudden attack of honesty and patriotism, the best solution of a shiatty lot is to vote so as to gridlock the bastards to each other.
 
2011-11-03 12:18:55 PM
Maybe they can borrow some Michael Moore fat jokes from the GOP.
 
2011-11-03 12:20:10 PM
A corrupt capitalist enterprise? Must be the Democrats' fault.
 
2011-11-03 12:21:09 PM
IamKaiserSoze!!!: seriously, Obama considered this guy for a cabinet position.

From the link: "But the big news from inside the transition process is the speculation that New Jersey Governor Jon Corzine might be selected for the essential economic position of Secretary of the Treasury."

Truly, definitive proof.
 
2011-11-03 12:21:12 PM
More proof this isn't a partisan issue, as OWS has tried to point out.
 
2011-11-03 12:23:31 PM
Sorry subby, Dems don't have an Eleventh Commandment.
 
2011-11-03 12:26:43 PM
Wendy's Chili: Is Corzine bad or is Dodd-Frank bad?

How about both. Dodd-Frank did nothing to prevent this from happening.
 
2011-11-03 12:26:52 PM
Anyone who kept money in that firm after it appointed a former Goldman guy who hadn't worked on Wall Street in years (and therefore was much more likely to make the same mistakes everyone else did in the intervening timeframe) deserved what they got.

Kind of like when a firm decides to build a new fancy luxury headquarters building. It's time to get out. Once they've traded style for substance, there's no going back.
 
2011-11-03 12:27:28 PM
As a NJ liberal resident, fark Jon Corzine. That is all.
 
2011-11-03 12:30:11 PM
Bloody William: SuburbanCowboy: Wait, so what you are saying is that the former CEO of Goldman Sachs is a shady individual? You don't say? But I thought that whole company was run by good upstanding people.

JOB CREATORS!


Or a Obama top contributor along with JP Morgan Chase and Citigroup.

/1% FTW!
 
2011-11-03 12:31:18 PM
Sorry about your shiatty headline, twatmitter
 
2011-11-03 12:32:40 PM
soy_bomb: Bloody William: SuburbanCowboy: Wait, so what you are saying is that the former CEO of Goldman Sachs is a shady individual? You don't say? But I thought that whole company was run by good upstanding people.

JOB CREATORS!

Or a Obama top contributor along with JP Morgan Chase and Citigroup.

/1% FTW!


So... are you saying they're not job creators? Or just not job creators when they're Democrats? If not, why do we have to be so generous when setting tax policy?
 
2011-11-03 12:33:03 PM
sammyk:
Trying to make this a political issue is just deflection from the right. The truth is this whole mess is just one more thing #OWS can point a finger at. $900Mil is missing and they tried to use depositors money tocover their bad bets on foriegn policy. There better be some jail time coming out of this or its only going to enrage and embolden the #OWS crowd. This goes to the core of why those folks are protesting worldwide.


As someone who hangs out more on the right side of the aisle, it's par for the course of some of the stuff he tried to do while in office.

That was a few years ago, and has nothing to do with present-day politics (except for the OWS crowd, who do have some solid points).

I said this in another thread, but unless you're looking at this from the viewpoint of the OWS folk, I fail to see the political aspect of this (you'd have to really stretch it to convince me).

Now from a business perspective, most of the folks I know are smacking their heads and saying "how did the people affected not see this? Corzine has rarely succeeded in anything financial... even when at GS."
 
2011-11-03 12:35:17 PM
soy_bomb: Wendy's Chili: Is Corzine bad or is Dodd-Frank bad?

How about both. Dodd-Frank did nothing to prevent this from happening.


One of the provisions prohibits the very shiat they're being investigated for.

Also, a law against something doesn't prevent it from happening. See: murder, rape, theft, arson...
 
2011-11-03 12:36:07 PM
You can't trust a former Goldman Sachs employee? Aside from the voters of South Carolina, Jenny Sandford, and President Bush, who couldn't have figured that one out?

Oh, remind me again, what political office did Jon Corzine hold when all this happened...?
 
2011-11-03 12:38:16 PM
I think anyone who grew up and got their start in Illinois with the credentials of being Chairman and CEO of Goldman Sachs as well as a Senator and Governor of New Jersey should just be sent to jail no questions asked...that background by itself is damning enough.
 
2011-11-03 12:38:56 PM
Bloody William: So... are you saying they're not job creators? Or just not job creators when they're Democrats? If not, why do we have to be so generous when setting tax policy?

Not sure what your angle is with this jumble of thoughts but the current tax policy is the one Obama signed last December. If you are concerned about its generosity, take it up with Mr. Obama.
 
2011-11-03 12:40:09 PM
Wendy's Chili: One of the provisions prohibits the very shiat they're being investigated for. Also, a law against something doesn't prevent it from happening. See: murder, rape, theft, arson...

So if there was not Dodd-Frank, there would be no investigation about the actions of MF and Corzine?
 
2011-11-03 12:42:17 PM
EyeballKid: Oh, remind me again, what political office did Jon Corzine hold when all this happened...?

Head Oligarch
 
2011-11-03 12:42:26 PM
Oh FFS. I'm a Democrat, and I hate Corzine. I think most Jerseyans do. Perhaps the difference is, submitter , that I can criticize people in my own party.

Also, frak Chris Christie in one of his many chins for defunding and basically decimating legal services in NJ. Why would the poor need, y'know, JUSTICE.
 
2011-11-03 12:46:42 PM
GAT_00: You know, this is a big business in trouble. Shouldn't the GOP be defending him and calling for him to get a bailout?

Sorry the world doesn't fit into your cute little simpleton way of looking at things where saintly Democrats only have campaign donations fall directly from the heavens or grown on trees in California on organic, free-trade cotton paper...and the evil grasping usurious republicans get all the money from corporate plutocratic slave masters made from the tears of sweatshop children, radioactive industrial waste, and union member blood.

Cute, simple, binary...and wrong.

Both parties are corporate cocksuckers when it suits them...get used to it.
 
2011-11-03 12:47:05 PM
Wendy's Chili: Is Corzine bad or is Dodd-Frank bad?

Both
 
2011-11-03 12:47:59 PM
soy_bomb: Bloody William: So... are you saying they're not job creators? Or just not job creators when they're Democrats? If not, why do we have to be so generous when setting tax policy?

Not sure what your angle is with this jumble of thoughts but the current tax policy is the one Obama signed last December. If you are concerned about its generosity, take it up with Mr. Obama.


I'm not sure what your angle was with that "Obama contributor" thing, so I tried to bring it back on course by addressing the issue of job creators and whether shiatheads like this Goldman farkface really do deserve to be called "job creators," as Republicans have tried to brand them, or if we should actually see them as not benevolent overminds who will improve the economy if they JUST GET A CHANCE!

Of course, I'm not sure what your angle is with trying to keep the attention on Obama in a thread that has nothing to do with Obama, except maybe to avoid a frank and painful discussion of class stratification and the pretty undeniable fact that an entire sector of wealthy people have proven themselves not to be job creators, but thieves, criminals, and con men.

Koalaesq: Oh FFS. I'm a Democrat, and I hate Corzine. I think most Jerseyans do. Perhaps the difference is, submitter , that I can criticize people in my own party.

Also this.
 
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