Former N.J. Gov Jon Corzine's pay package is $5M-plus

Is comrade Obama aware of this?

This is one of N signs that a company has run out of ideas and talent and needs corruption to stay afloat.

Since he is a lifetime politician, Corzine 1) had no talent to begin with, and 2) is even more brain dead now than when he first took office.

There is NOTHING useful left in this piece of human sludge. Put him out his misery...make him work for CNN or some other worthless outfit.

Head MFs don’t come cheap

Corzine actually had great career success in banking first—became CEO of Goldman Sachs—and then used his banking earnings to buy the governorship. An ex-Goldman CEO is worth something in the private sector regardless of his record or connections from government.

As long as the shareholders are satisfied, I don’t begrudge Corzine making a good salary. ObamaCare and other generic federal, state and local taxes, fees and surcharges will take their share of his compensation.

I never tire of recounting the huge WH flop last Nov in NJ. The NJ race considered a "squeaker" was declared for the Pubbie 2 hours after the polls closed. (Coakley conceded 45 min after they closed.)

The Ohaha WH micromanaged the incumbent NJ Dem Corzine's gubernatorial campaign. The NY Times reported:
(a) incumbent Dem Gov Corzine's aides gave the WH daily briefings.
(b) every TV ad the NJ Dem put on the air was being screened by Obama's WH team.
(c) Obama’s pollsters took over for Corzine’s polling team.
(d) White House operatives were on the ground for internal strategy sessions.
(e) White House operatives were orchestrating secret pep rallies with Latinos to get the illegal vote.
(f) Ohaha campaigned in NJ three times, Biden twice. Ohaha TV ads ran relentlessly in costly NY media markets.

WH know-it-alls had Ohaha and Biden campaigning in NJ incessantly----Ohaha only went to MA once but that was enough to win the race for Brown.

Other pertinent facts:

>> Incumbent Dem Jon Corzine (the wealthy loser) outspent the Repub winner about 4-1.
>> New Jersey has a huge Democratic registration.
>> Corzine bragged he had 20,000 paid union helpers on the ground election day to get out the vote.
>> There was a third party candidate siphoning off Republican votes.
>> Corzine had the power of incumbency.
>> Corzine had the power of a crooked Democrat Machine cooking the vote.
>> Ohaha hid $17.5 BILLION stimlulus in New Jersey.....for Corzine's reelection campaign.

And still Corzine lost. The Repub winner publicly declared victory 2 hours after the polls closed (in what was supposed to be a "squeaker.")

In Mass, Coakley conceded 45 min after the polls closed.

THE UPSHOT According to Ohaha's slimy Press Secretary, Robert Gibbs, Ohaha was "busy with other matters" election night and "wasn't really concerned" with NJ's election results... an indication the WH was sucking up valium and vodka in order to anesthetize themselves from the aftermath.....trying to convince themselves the election was not a referendum on Obama.

“
Former N.J. Gov Jon Corzine’s pay package is $5M-plus
“

‘Tis good to be the king.
Or one of the king’s friends.

I don’t begrudge Corzine the sweet deal...the taxpayers of NJ probably
should have just paid him $5,000,000 and just let Christie win by acclimation.

Would have saved them the cost of conducting an election!
(and yes I’m being facetious)

MF....darn right.

This is a man who should be in jail for the sweetheart deal he gave to the employee unions in this state.

Many citizens had no idea that members of Congress could retire with the same pay after only one term, that they didn’t pay into Social Security, that they specifically exempted themselves from many of the laws they have passed (such as being exempt from any fear of prosecution for sexual harassment) while ordinary citizens must live under those laws.

The latest is to exempt themselves from the Healthcare Reform that is being considered.. .in all of its forms. Somehow, that doesn’t seem logical. We do not have an elite that is above the law.

The self-serving must stop.

This is one proposal that really should be passed around.

Proposed 28th Amendment to the United States Constitution:

“Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States”.

Ex-Goldman Sachs CEO Corzine had great success-——earning millions taking the company public........then used $125 million to buy the governorship and a senate seat.

ITEM Corzine registered three private investment vehicles in Delaware before taking electing office. (Reuters reported — The tiny state of Delaware beats Switzerland for the most secretive financial jurisdiction.

ITEM JSC Investments (Corzine registered Nov ‘99 w/ Delaware Div of Corp)
Wiley’s (Corzine registered Aug ‘ 02 w/ Delaware Div of Corp)
East Beach (Corzine registered Oct ’04 w/ Delaware Div of Corp)

ITEM 75% of Jon’s appointments to the State Investment Council have ties to the bankrupt Lehman Bros. In Aug 2007, Corzine named Erika Irish Brown, a senior VP at the now-bankrupt Lehman Bros-—to the State Investment Council (SIC) which loots and pillages the $82 billion state pension funds claiming it makes (cough) “alternative investments.”

ITEM Jon’s hand-picked Wall Street pals at the SIC stunned the financial world November 2009-—putting $400M pension funds in shaky Citigroup, $300M in iffy Merrill Lynch-—just as banking giant Bear Stearns collapsed. $180M pension funds went to Lehman Brothers (then-considered ready to go under).

ITEM Did Orin Kramer, chairman of the New Jersey State Investment Council collude with NJ legislators to rig NJ laws to increase the SIC’s “investment” kitty from 18% to 28%? Boston Provident hedge fund is Orin Kramer’s main business.

ITEM—— An employee of Orin Kramer’s Boston Provident hedge fund was socked with an 11-count securities-fraud and wire-fraud complaint. With with “other people” who weren’t identified, the employee wire-transferred $726,000 from Kramer’s Boston Provident hedge fund to his bank accounts and had Kramer’s hedge fund buy shares of Atlas Energy Inc. at inflated prices from an account Levy controlled, generating a $600,000 profit.

ITEM The Aug 08 Jersey Treasury Dept website showed the state pension account down a whopping 3.1% (the prelim FY report)-—$5 Billion pension funds gone. Since then—— $40B pension funds vanished. Can you say “ offshore wire transfer?”

ITEM——NJ senators are asking whether there are outside influences guiding the New Jersey state pension investment process for personal and political gain and “disturbing” allegations that “placement agents” manipulated pension investment in New York, New Mexico and other states.

ITEM——SEN JON PROFITS FROM OFFICE. Jon’s so-called “blind trust” led the lucrative takeover of the Japanese Shinesi bank. Then-US Sen Jon used the power of his office to approve a tax treaty to get a special exemption from taxes on profits. Corzine said he was **not aware** of, and did not **benefit** from the special provision. (Waiting for hysterical laughter to die down)

ITEM——CLOSEUP OF THE SHINESI DEAL Nancy Martori Dunlap, Esq, is Corzio’s hand-picked trustee overseeing his assets and his “blind trust.” Dunlap and Jib Black, Esq, execute decisions made by J. Christopher Flowers-——the overseer of Corzine’s investments. Officers-—JSC Investments (his private investment apparat)

ITEM Corzine’s TPG-Axon hedge fund was launched Feb 2005 as a $2.8 billion joint venture between TPG and Dinakar Singh, a former G/S trader who worked under Corzine. Some politicians choose a “blind trust” to shield them from any knowledge of their assets. But Corzine put J. Christopher Flowers, a former associate from Goldman Sachs, in charge of his financial portfolio.

ITEM Hmmmmmm...TPG-Axon is the Perfect Place to stash the $17.5B federal “stimulus” which disappeared when it hit NJ. Is that why Obama and Biden visited New Jersey…to give Corzine their numbered offshore accounts So that Jon could wire-transfer their cut of the “stimulus” ?

ITEM-—In December 2009 at the height of the nation‘s financial meltdown Wall Street’s Christopher Flowers who oversees Jon Corzine’s personal assets made a bundle. During the meltdown Flowers made $20 million in less than a week just for writing a “ fairness opinion.” Flowers and Corzine were cronies at Goldman Sachs. (Source: Too Big To Fail, Andrew Sorkin’s book about the meltdown)

ITEM-—NJ is paying out $1 million a month on bonds redeemed. According to Bloomberg News’ Dusty McNichol yet another Corzine extortion gambit was uncovered-——the Corzine admin is paying Goldman Sachs (his former employer) $1 million a month because our “financial genius governor” stupidly entered a risky financial agreement. Bloomberg reported the agreement performed so badly, it screwed-over taxpayers. Corzine gutted the bankrupt Transportation Trust Fund to pay what amounts to double interest on a $345 million debt. When asked for an explanation by Bloomberg, Corzine fatuously said, “I’m sure there’s an explanation. They don’t just send money out.”

An ex-Goldman CEO is worth something in the private sector regardless of his record or connections from government.

REFERENCE Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
By: Timothy P. Carney, Examiner Columnist, Nov 21, 2008

Goldman Sachs always has clout in Washington, as evidenced by the firm’s alumni serving as Treasury secretaries under both Presidents Bush and Clinton. Today, in these tumultuous times of bailouts and meltdowns when the investment banking leviathan needs Washington more than ever before, Goldman can leverage its most valuable asset yet—incoming White House chief of staff Rahm Emanuel. Goldman Sachs is the giant of Wall Street, and more than any other investment bank, Goldman is surviving the current financial storm.

Traditionally a Democratic booster, and one of Barack Obama’s top sources of funds in this past election, Goldman has always had some particularly strong allies within government. Emanuel is one such ally. An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clinton’s campaign for the White House in 1992. Clinton hired Emanuel as his chief fundraiser.

At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to “introduce us to people,” in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but it’s one that has almost entirely escaped scrutiny. (snip)

In his four terms in Congress, Emanuel has raised $74,750 from Goldman, making the firm his number four source of funds. Goldman has helped Emanuel. How has Emanuel helped Goldman? The most obvious answer, as mentioned in this column two weeks ago, is in Emanuel’s lead role in shepherding the “$700 billion” bailout—first proposed by former a Goldman CEO, Bush Treasury Secretary Henry Paulson—through the skeptical House.

Of course, back in the Clinton days, Goldman benefited from NAFTA and the bailout of the Mexican currency, with Emanuel pushing NAFTA through Congress, and Rubin hammering out the peso bailout. Did Goldman improperly funnel money to the Clinton campaign by subsidizing Emanuel’s salary in 1992? Did Goldman’s help to Clinton spur the Democratic president to push NAFTA and the Mexican bailout?

The answers to these questions are opaque, and with Emanuel burrowed deep within the Obama White House, the continued relationship between Goldman Sachs and Obama’s right hand man won’t be easy to follow.

Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes. And don’t be surprised Goldman soon sitting pretty once again.

http://www.washingtonexaminer.com/opinion/columns/TimothyCarney/ Goldman_Sach_Will_Be_Sitting_Pretty_With_Emanuel_in_the_Obama_White_House_112108.html

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Every minute this conniving little turd is in "OUR WH," we are being screwed. God knows how much this leech is sucking up. Ohaha put Emanuel and his brother in charge of Medicare/Aid billions; and will have dominion over Ohaha's cocokmamie trillion dollar health reform.

Emanuel is wallowing in trillions of stimulus and bailout dollars. G/S got $17 Billion from Ohaha's AIG bailout---how much of that $17B went to Emanuel---that was wire-tranfered to offshore banks?

An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clinton’s campaign for the White House in 1992. Clinton hired Emanuel as his chief fundraiser.

At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to “introduce us to people,” in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but it’s one that has almost entirely escaped scrutiny.

Did Emanuel reveal to Ohaha all his Wall Street ties as the trillion dollar financial bailouts commenced? (smirk)

In his four terms in Congress, Emanuel raised $74,750 from Goldman, making the firm his number four source of funds. Goldman helped Emanuel. So how has Emanuel helped Goldman? The most obvious answer is in Emanuel’s lead role in shepherding the “$700 billion” bailout—first proposed by former a Goldman CEO Henry Paulson—through the skeptical House.

How much of the trillion dollar stimulus did Emanuel---suck up----that was wire-tranferred to offshore banks? Emanuel's dual citizenship is crucial----since Israel is the only place in the world where an individual can debark, bring a suitcase full of cash to a bank and nobody asks where it came from or if taxes were paid on it. Emanuel's father is an Israeli and Rahm once volunteered for the Israeli military.

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BACKSTORY Rahm Emanuel was appointed to the Freddie Mac board Feb 2000 by Bill Clinton, after serving as Clinton's White House political director. Emanuel was a vocal defender of Clinton after scumbag Monica Lewinski gave Clinton BJ's in exchange for a top federal job....and may have aided and abetted the multiple sex rendezvous.

Emanuel then left to run for Congress in 2001...this qualified Emanuel for $380,000 in stock and options and a $20,000 annual fee..... plus all this lowlife could steal.

In Congress, the America-hating worm put the US in financial jeopardy----he passed a bailout of Fannie and Freddie, cosponsoring the Housing and Economic Recovery Act of 2008, which also dissolved OFHEO. It moved their regulatory authority to the Federal Housing Finance Agency (FHFA), which took Fannie and Freddie under conservatorship in Sept 2008. The same act abolished the Federal Housing Finance Board (FHFB) and replaced it with the FHFA.

In addition to his role as White House Chief of Staff, Mr. Emanuel is heavily involved in decisions made by the US Treasury Dept.