Most Read
Image 01 Image 02 Image 03

#OccupyCorzine

#OccupyCorzine

Spotted by a student reader of LI in a Cornell parking lot:

DONATE

Donations tax deductible
to the full extent allowed by law.

Comments

Don’t water board the wrong thief. His first name is “Jon”. Other than that, start pouring.

aguyfromjersey | November 12, 2011 at 8:04 am

A great man, a financial wizard. What could go wrong? He is even now more qualified to be Secretary of the Treasury.

A Facebook friend recently commented, “Might I suggest that if you seriously considered voting for Rick Perry that you please refrain from voting again ever? Your critical thinking is flawed.”

In that same vein, if you seriously considered making Jon Corzine Secretary of the Treasury, would you please refrain from holding public office again ever?

As they are digging around, hopefully in “relentless pursuit” of the missing $600,000.00 in investors’ funds at the severely over-leveraged MFGlobal firm, federal investigators might do well to “occupy” at least some of their time exploring the myriad of financial connections between the former New Jersey governor and the Obama Administration . . . as well as the web of financial connections between Jon Corzine and the Obama political campaign.

The media might want to give it a little more than their ho hum attitude too. Who knows, they might even unearth some clues regarding motivation! (In theory, at least, there is supposed to be some form of “line of demarcation” between the Administration and the campaign — somewhere. But not with this crew!)

Jon Corzine was, after all, a more than half million dollar bundler for Obama in 2008, after switching from being an avid financial Hillary supporter.

In fact, given her convenient position at State in the Obama Administration, one might even find some interesting dot-to-dot connections between Jon Corzine and her department, particularly since he left as the NJ governor.

Who knows? I say that because MFGlobal has been so exclusively focused on international investing.

As Julia A. Seymour astutely observed in her Media Research Center piece linked above, CNBC‘s Andrew Ross Sorkin is one of the only member of the mainstream media so far to have seriously gone after the MFGlobal story for what it is, having called it a “mini-Ponzi scheme” effort to “bet” on the bailout of the Euro.

That sure sounds to me like something that State would want to have had a good close handle on, no? I’d say this story deserves some real media scrutiny.

From her piece:

. . .
The networks have done little reporting on this “big name” Democrat’s scandal airing just 12 news stories or briefs (most were briefs), according to Nexis. On the morning of Nov. 1, not one of the three networks reminded viewers that Corzine is a Democrat. ABC, CBS and NBC also forgot to mention that they have relied on the former politician as an economic expert and that he is tied to the Obama administration.

Those 12 stories entirely ignored Corzine’s cozy relationship with President Obama for whom he raised more than $500,000 according to MSNBC. They forgot he was a potential top pick for Treasury Secretary, even though they had reported it in 2008. And they said nothing about the way they’ve consulted Corzine as an economic and political expert in recent years. He had even promoted financial regulation in an ABC interview because it would “be good for Americans.”

CNBC’s Andrew Ross Sorkin reacted to the MF Global scandal saying on NBC “Nightly News” by comparing it to 2008. He described MF Global’s investments in European bonds as high stakes gambling, called it like a “mini Ponzi scheme” and similar to the Maddoff scandal. Sorkin’s report was one of the only full stories (rather than a news brief) about the MF Global scandal on ABC, CBS or NBC.
. . . . (links are contained in original)

Once media outfits like Politico get over their breathless obsession for writing what must now be well over over 100 stories about hopelessly dated and ultimately unresolvable (he said/she said) allegations about Herman Cain, maybe they’ll get back to a few serious tried and true story lines . . . like, “follow the money!”

Font Resize
Contrast Mode
Send this to a friend