1. When Congress asked Abelow about "previously working with Corzine," Abelow reluctantly mentioned being Gov Corzine's COS. Abelow MADE NO MENTION of Corzine appointing him to head NJ's Dept of the Treasury---where the two con artists controlled ALL of NJ's tax assets.
2. Abelow and Corzine SHOULD have been pressed about their formation of an investment company while they were principals of NJ govt and controlled its assets. The two "financial geniuses" later said they did not know that was illegal.
3. Corznie should have been asked about using his Senate seat to pass a law that benfited a troubled Japanese bank----the same bank that was taken over by Christopher Flowers who was overseeing Corziner's "blind trust." Corzine said he did not know the law benefited him. Flowers is also an MF principal in the missing $1.2 billion.
4. Corzine should have been asked how much G/S made financing muni bonds while JC was NJ governor----and if bond rigging took place by the Dept of Community Affairs. (Corzine later appointed DCA head Suzan Bass Levin to a millionaire's perch at the Pork Authority).
5. Corzine should have been asked about missing $8 billion NJ School funds, the missing $17.5 billion stimulus Obama sent NJ, and the $8 billion debt he left N
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ANALYSIS It defies imagination and common sense that the two "financial geniuses" can't figure out where the $1.2 billion is.
Monies were transferred in and out of MF Global continually.....all done by wire transfer------EFT. There's a clear record of when, where, and how much for EACH wire transfer......like your cell phone bill. Each call is listed, the number dialed, the time of the call, and the duration. So they absolutely know exactly who got the $$, and when it was received.
Corzine was not able to remove the customer funds by himself. It required most of the key back office personnel to do this. ..........and all had to know that it was 100% illegal to do so. Yet NOONE blew the whistle, and called the regulators? This underlines the corrupt corporate culture that predominates today on Wall Street.
So, why did they go along? Were they assured it would be put back in a day or two......that it was a temporary glitch? If they didn't agree, the firm would go under? Their jobs would be lost if they didnt go along?
Savvy observers say many MF insiders are now working out deals with the Feds, to name names and provide direct testimony as to who exactly ordered the customers' funds to be removed from the accounts.
Count on direct testimony that Corzine ordered illegal acts.......written records are also to surface. Corzine is toast. Obama and the Dems will toss him under the bus. Corzine is making a huge mistake by underestimating the anger of Jerseyans he left holding the bag----he socked us with massive debt, bankrupt state agencies, and a state pension fund 25% lighter,
Corzine departed with billions of tax assets unaccounted for. Throwing him under a bus is too good for him......considering the damage he's caused.
Don't hold you breath. And it isn't that the Republicans are stupid. THEY ARE IN ON IT!