You can trace money, stock slide under the table who knows. Cold cash has taught them all a lesson.
Wall Street Jon Corzine was the ex-head of Goldman Sachs. He spent about $165 million to buy two elective office---a NJ Senate seat and the NJ governor's seat. Return on investment rules Wall Street. The Shinesi Bank deal shows how Corzio profited from public office.
<><> Principles of Jon's so-called "blind trust" led the lucrative takeover of the troubled Japanese bank.
<><> Then-US Sen Corzine used the power of his office to approve a tax treaty providing a special exemption from Japanese taxes on investment profits.
<><> Braindead Sen Corzine said he was **not aware** of and did not **benefit** from the special provision. (Waiting for hysterical laughter to die down)
THE SHINESI DEAL UP CLOSE Nancy Martori Dunlap, Esq, is Corzio's hand-picked trustee overseeing his vast assets, including his "blind trust." Dunlap and James I. Black, Esq, execute financial decisions made by Corzine's pal----Wall Street's J. Christopher Flowers-----the man who decides where to invest Corzine's fortune--is the man who led the Shinesi Bank takeover.
Gov Corzine spent most of his time at Goldman Sachs Princeton office (opened when Corzine got elected)---just a hop, skip and a SUV ride from the Gov's office. Jon's every waking thought was how to get a "return on investment."
Jon made out like a (cough) bandit---Jersey government agencies were cleaned out----billions disappeared from Schools Construction fund. The pension fund dwindled to half its original value. UI and Transportation funds went bankrupt--wire transfers musta been going 24/7.
Jon appointed his Wall Street cronies to key govt positions---including hos G/s buddy as Secy of the Treasury. Brad Abelow was in charge of all NJ's tax assets.
THE NATION'S FINANCIAL MELTDOWN BEGINS Can you say buddy bailout, money laundering, and govt fraud? Lehman Bros went belly-up...... but not b/c Gov Jon did not try to forestall the meltdown. The Jersey Economic Development Authority gave Lehman Bros $123 Million tax dollars FOR DOING NOTHING. That's right---FOR DOING NOTHING. The EDA brainiacs unloaded $123 million tax dollars on Lehman Brothers (AND Morgan Stanley) ....……to cancel an earlier deal. The $123 Million payout was more than the total revenue generated by New Jersey realty transfer taxes (or by 13 categories of state-imposed fees) in all of 2004.