Posted on 12/08/2011 6:08:41 AM PST by maggief
NEW YORK (CNNMoney) -- Jon Corzine, the former chief executive officer of the bankrupt broker MF Global, apologized for his firm's failure Thursday and told a House committee that he doesn't know where the missing money went.
"I simply do not know where the money is, or why the accounts have not been reconciled to date," said Corzine, in prepared testimony to the House Agriculture Committee on Thursday.
He also apologized "to all those affected."
"My sadness, of course, pales in comparison to the losses and hardships that customers, employees and investors suffered as a result of MF Global's bankruptcy," he said.
The lengthy testimony is the first full response from Corzine since MF Global's failure in October. He will appear in person before the committee later Thursday.
(Excerpt) Read more at money.cnn.com ...
“said Corzine, in prepared testimony to the House Agriculture Committee on Thursday.”
Maybe I’m slow but why is he talking to the Agriculture Committee?
I wonder how much his own personal wealth expanded during his tenure at the firm.
Corzine likely forgot about his deposits in offshore banks.
I am certain Eric Holder will hold him accountable...
HAHAHAHAHA!!!
I'm curious to hear what knowledgeable Freepers have to say about her statements.
Obama and Biden made several campaign visits to NJ.
Obama ads for Corzine ran relentlessly on pricey NY media.
Obama directed the WH take over Corzine’s campaign.
OBAMA WAS DESPERATE FOR CORZINE TO WIN. Obama was heavily invested in the NJ gubernatorial race—one of only two statewide races that were a test for Obama’s policies. Virginia also elected a Republican. Obama campaigned in NJ three times, Biden was there twice. Obama TV ads ran relentlessly on costly NY media.
Obama put the power of the WH political machine behind Corzine. The NY Times reported:
(a) every TV ad Corzine put on the air was being screened by Obama’s WH “geniuses.”
(b) Corzine’s aides gave the WH daily briefings.
(c) Obama’s pollsters took over for Corzine’s polling team, and,
(d) White House operatives were on the ground for internal strategy sessions.
(e) Obama sent NJ $17.2 billion “stimulus” which promptly disappeared.
All of it led to Corzine’s humiliating defeat at the hands of a conservative Republican with no war chest to match Corzine’s “investment in public office. ROI was Wall Street Corzine’s game.
Asked about the losing election he was a major part of, Corzine’s spox said Obama was “too busy” to look at the results.
If Corzine pleads the Fifth even ONCE, then you know for a FACT that this scumbag knows EXACTLY what happened to the 1.2 billion dollars stolen from client accounts.
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