Here’s are some brief portions of Jon Corzine’s testimony to a congressional committee yesterday about the MF Global collapse and the “missing” $1.2 billion. I’d expect nothing less than “I don’t know where the money is” coming from one of the economic gurus of the era of Hope & Change. It’s a miracle he was never put in charge of the Department of Energy:

And if you wanted to know Corzine’s party affiliation, you wouldn’t have found out by watching ABC or CBS news.

As always, here’s another reminder that we’re talking about the first person the Obama administration called for economic advice when they got to Washington. It all makes sense now:


12 Responses to “Former Obama Economic Adviser and MF Global CEO: I Don’t Know Where the Money Is”

  1. SignPainterGuy on December 9th, 2011 4:27 pm

    The O`stration needed advice from Jon Corzine and apparently put it to good use early on with the Porkulus Bill that HAD TO BE $787 Bil, even though no one could explain why it had to be exactly that amount, but it did and it HAD to be passed and spent RIGHT THEN ! Isn`t there still a quarter of that still laying around in someone`s car trunk somewhere ?

    For the smartest pRes.EVAH, he sure has appointed some really stupid and forgetful people to positions of power and influence.

  2. Marshall_Will on December 9th, 2011 4:46 pm

    Please see Post #51 on MM's "Triangle of Sleaze"

    I've already apologized for the -blatant- anti-semetic overall tone of the article, but it tries to explain "where" all that money went! The allegation is that Corzine was "installed" into MFG to orchestrate the pilfering of CLIENT accounts to make good on Precious Metal Contracts w/ JP Morgan. Without which, they along w/ GS would have become Insolvent!

    Of course… "It's the JEWS!" that are the root of the problem! If we can gloss over the obvious prejudice there just might be legs to their assertions. The MFG site has been taken over by "The Regulators" so we're left to our own devices. Sorry SEC, that's just how things work.

  3. SignPainterGuy on December 9th, 2011 5:10 pm

    Fascinating ! Makes me wonder just how much of clients` money slipped into Corzine and other`s pockets. If they manage to escape prosecution, some fantastic retirements are coming !

  4. Doug on December 9th, 2011 5:26 pm

    Makes me wonder just how much of clients` money slipped into Corzine and other`s pockets.

    Only Swiss banks know for sure!

  5. SignPainterGuy on December 9th, 2011 5:39 pm

    Isn`t there a similar banking policy in the Caymans ? He and others could be close to "their" money and the grass skirts all at once ! ;-)

  6. Marshall_Will on December 9th, 2011 5:42 pm

    Corzine's already said that while it keeps him up at night, No, he WON'T be disgorging any of his personal assets to make good on rancher's and farmer's accounts.

    With all the Bailout Buck$ floating about, it seems improbable they'd have had to jump thru these hoops but rather simply have The Fed write out a check and say.., "Dinner is on YOU… my friend!" Bwahahahahah. Lights cigars around w/ a Benjamin.

    OR… it's possible with all the heat they're under it made more sense to kill two birds by setting up a fabricated 'meltdown' AND continuing The War On The Self-Employed? Corzine's arrival always struck me odd. His 'presence' was never necessary. That firm's parent Co. dates back to before the Civil War.

  7. SignPainterGuy on December 9th, 2011 5:44 pm

    Curiouser and curiouser !

  8. Marshall_Will on December 9th, 2011 6:07 pm

    Lol, sometimes you have to write things down and read them BACK to yourself for them to make any sense.

    Had the Fed bailed out MF GloBull it would have been a SNAP to make the clients whole! IIRC these types of accounts are typically co-op's. Wilco Farmers or John Deere Credit will have accts. ( on behalf of all the farmers in the community ) and the assets are managed to the betterment of the membership.

    So by letting Corzine play the dupe ( with w/ aplomb I would say ) we're all focused on "the empty shell". The net effect of, gee, finally letting a bank FAIL is that entire ( mostly RED State TOWNS ) will fail! Go under completely. The "co-op" is the lifeblood of a lot of rural America. I managed a few of these accts. when I was younger and they never let you forget HOW important it was to them..!

  9. SignPainterGuy on December 9th, 2011 8:42 pm

    Protect, promote and reward dem co-conspirators / contributors while punishing the enemy (read Christians, conservatives, republicans, non-dem contributors) !

  10. SignPainterGuy on December 10th, 2011 2:43 pm

    The gal in the yellow hadrhat behind BiteMe looks like she`s thinking, "Huwaaaht ??"

    "The Honorable Jon Corzine" ……. Even the desk sign lies !

  11. imoforpcs on May 2nd, 2017 4:01 pm
  12. imoforpcs on May 2nd, 2017 11:07 pm

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