Posted on 07/05/2011 12:53:52 PM PDT by dead
President Obama is desperately putting his Wall Street stock in an unlikely old buddy.
The beleaguered president has recruited former Goldman Sachs head honcho Jon Corzine to shore up re-election funds from the banking industry, which is furious over Obama's financial regulations.
Corzine, the former governor of New Jersey who was blasted out of office by Republican Chris Christie in 2009, has attended secret meetings with the president and has been working on Obama's 2012 campaign for months, The Post has learned.
The Democrat, who now leads Manhattan-based brokerage MF Global, has been tasked with scraping up the very little banking-industry support Obama can still get.
And, like any good executive, Corzine is looking out for his own bottom line.
Success could resuscitate his political career with a top post -- such as treasury secretary or a key ambassadorship -- if there is a second Obama term.
< snip >
Corzine's name popped up on an attendance list for a controversial and secret White House sit-down with leaders of New York's financial sector late last month. He has also aggressively worked the phone lines and the cocktail-party circuit.
And in the last few months, Corzine hosted a high-end fund-raiser at his Fifth Avenue home for Obama.
He even secretly organized a meet-and-greet at the Four Seasons for key finance-industry execs and Obama's new chief of staff, former banker Bill Daley.
"We need our donors back," one Obama campaign official said. "It's a tough fight."
Many Wall Streeters are fuming over White House rhetoric painting them as "fat cats" who need to pay more taxes.
Top executives -- who contributed millions to Obama in 2008 -- have so far retaliated by closing their wallets to him.
(Excerpt) Read more at m.nypost.com ...
Whatever they give will be reimbursed a hundred fold from our wallets.
“This gambit will likely work - ... “
Couldn’t agree more.
That depends on whether they think he can win... and I am told that there are some on WS that want him gone as badly as we do... time will tell... but obama got himself a sure enough criminal to help him this time.
LLS
http://www.nypost.com/p/news/local/bam_recruits_corzine_to_woo_back_rhuDmIaaH8fOvWAPSMTDOL
Recovery for Wall $treet but not Main Street
I'm sure it'll be back in Jan of 2013.
Subscribing to a Corzine-strategy for fundraising is really effin stupid.
What, nearly 2.5 trillion to prop up foreign subsidiaries wasn’t enough for them?
Corzine the slime. I hope it backfires at least as bad as his own re-election campaign. The amount of campaign dollars are NOT going to be the ‘be all to end all’ this time around.
Also recall that while governor of the Garden State, he was schtupping a gal who led a govt workers union.
I hope Corzine does for Obammy what he did for the state of NJ. Completely f*%k it up.
There are plenty of fascists on Wall Street who have made lots of money off of Obamao. The question isn’t whether or not supporting the little fascist idiot serves their principles. It’s whether or not another four years of this fascist crap can be sustained.
Obysmal has already fed them the best part of $700 billion in TARP funds plus whatever Stimulous money he and they could sneak in the back door.
All he has to do is promise another windfall if they donate a billion or so to keep him in office.
Last Friday’s brush-off of Obama’s fund-raiser by the Wall Street big-shots stung them pretty hard.
Remember folks... Obama told them in 2008 his populist BS was just “Campaign rhetoric”. HE LIED....
The brush-off was more than likely a shot across the bow to remind der Fuehrer that they expect another payoff offer. The WS markets are not the economy and as we have seen make scant difference for the unemployed/underemployed man on the street or for what it costs all of us lowly people to live from day to day.
They are corporate weasels and will take whatever offers benefit them the most without regard to the overall effect on the nation or the economy.
They will give Odumdum money if he promises to let them put their hooves in the US Treasury like GM and GE. Wall St. has no honor and their “free market” talk as been exposed for what it is. They put a communist in power!
Well done.
Somehow I’m afraid the MSM will be more interested in reporting Kim Kardashian’s breakup.
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