Jon Corzine, Obama ‘Partner’ and Campaign Financier, Subpoenaed on MF Global Collapse

Former New Jersey governor and U.S. Sen. Jon Corzine, whom President Obama once hailed as an “honorable man” and one of his “best partners” in the White House, has been subpoenaed to testify before Congress about his role in the collapse of the investment firm MF Global.

Corzine was chairman and CEO of the company between March 2010 and Oct. 31, 2011, when it filed for bankruptcy. An estimated $1.2 billion has not been accounted for, leaving many investor accounts drained. The FBI and Justice Department are also investigating the case.

The unanimous, bipartisan vote today to require Corzine to appear before the House Agriculture Committee next week sets the stage for tough questioning of one of the president’s top re-election campaign fundraisers and a man who had, until recently, been considered a top pick for Treasury Secretary in a possible second Obama term.

Corzine hosted a private fundraiser for Obama at his Manhattan home in April and has given the maximum individual contribution — $35,800 — to Obama and Democrats for 2012, according to Federal Election Commission records. He and his family have donated more than $933,000 to Democratic candidates and groups since 1990, according to the Center for Responsive Politics.

The former CEO of Goldman Sachs has also bundled more than $500,000 in contributions for Obama 2012 from his deep-pocket friends and associates, many of whom have ties to Wall Street.

Thanks for posting this, I had heard about it, but you know how they keep the democrat miscreants off the front pages.

I hope Corzine ends in complete disgrace. If he broke the law he should go to prison, obviously, but nevertheless even if he is guiltless at least he’ll be off the political stage forever I hope.

He never really struck me as a thief, more as a person who liked to give other people’s money away.

For the sake of his soul I hope he is not a thief, but clearly he is a stuttering cl*sterf*ck of a miserable failure and the more people made to realize that, esp. here in NJ, the better.

It strikes me as odd that this inquiry is being done by the agriculture committee. Presumably because of agricultural futures, such as sugar, corn, and wheat. But still pretty odd.

Somebody certainly is guilty of criminal conduct. Basically, Corzine presided over an enormous bet on the Euro. It went the other way, and they finally ran out of money to cover it. In the process, they broke the law and commingled funds from customer accounts with their own funds. The customers got screwed. Some have gotten back half their money, but it’s unclear when or whether they will recover the rest. In the meantime, many customers probably lost big because they were forced to close out any futures they were in, because the money to cover them had disappeared.

.....Corzine orchestrated a smash-and-grab raid in broad daylight on the wealth of thousands of private individuals. Yet the SEC---the outfit that let Madoff run wild----is looking at "debt-masking techniques" as if that was the big crime here.........

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......neither Corzine nor any of the other MFGlobal execs (Corzine’s G/S cronies) have been arrested, detained or even questioned under oath.......notwithstanding a billion dollars missing.

One gets the impression of criminality permeating the entire financial and regulatory system.

Wall street/political veteran Corzine is accustomed to using other people’s money to benefit himself. He has no qualms about missing money. Billions went missing when he was tossed out of NJ state govt (details below).

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Everybody knows.......not one thin dime passes between accounts-—on Wall Street and elsewhere-—that isn’t thoroughly and incessantly tracked wherever it goes. Not one thin dime. The whole world knows it.....and they are all watching.

SO WHERE IS THE MISSING MF GLOBAL MONIES? Time to connect the dots

<><> Corzine is a well-rounded operator. As Governor, he left the state of NJ $8 billion in debt. $8 billion went missing from one state agency....other agencies like UI and the Transporation Trust Fund went bankrupt with no explanation why. The $82 Billion state pension fund lost about 25%.

<><> Right before Corzio’s reelection, Obama sent $17.5 Billion stimulus to NJ-—which promptly vanished.

<><> Gov Corzine made several highly suspicious trips to Israel when he had no political reason to be there. Israel is the only place in the world where you can take a suitcase full of money to a bank-—and noboody asks where it came from. Isreal also has many businsses in NJ funded with NJ state “grants” as well as an Israeli Chamber of Commerce.

<><> MF Global principal Brad Abelow was Corzine’s appointee as NJ Treasury Secy——controlling ALL NJ assets. Gov and Secy started an investment business——but the two “financial geniuses” said did not know this was illegal.

<><> MF Global principal Chris Flowers handled Sen/Gov Corzine’s “blind assets” ......Flowers led the taskeover of a Japanerse bank for Corzine——Sen Corzine passed a bill giving the bank a US tax break......said he did not know the bill benefitted him.

<><> Corzine registered three corporations in super-secret financial haven——Delaware——BEFORE taking office.

<><> All three of the above-named MF Global principals were G/S cronies.

<><> Ponzi king Bernie Madoff made a generous contribution to Corzine’s campaign.

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