Jon Corzine’s ‘Global’ Disaster


There was a breaking development that occurred on The Hill today.:  A member of the financial sector made a poor decision, bankrupted a company, and was formerly an elected official.:  No, it wasn’t Mitt Romney — it was former Democratic Governor of New Jersey Jon Corzine.:  Corzine, who hedged against the European debt crisis, incurred losses in the billions, which lead to the collapse of MF Global.

One mystery that plagues this investigation is Mr. Corzine’s David Copperfield act that wiped $1.6 billion from Global’s client fund, which occurred days before the whole firm crumbled.:  Dina ElBoghdady of The Washington Post reported about this episode in financial malfeasance that cost people their jobs, and their savings — but it wasn’t too important since they relegated the piece to page 18 in today’s edition.

Furthermore, it took ElBoghdady six paragraphs to even mention that Mr. Corzine was a Democrat because they party of progress doesn’t dabble in such unscrupulous activities like this.:  The report about Mr. Corzine’s epic failure at MF Global was released today by the House Financial Services oversight subcommittee, but didn’t mention any felonious activity conducted on behalf of the former Democratic governor.: :  They’re going to leave that to other prosecutors, who have launched their own investigations.:  In all, “farmers, ranchers, and ther customers may never get back over $1 billion of their money as a result of [Corzine’s] decisions, Rep. Randy Neugebauer (R-Tex.), the House panel’s chairman, said in a statement.”

So, if Democrats and liberals hate Mitt Romney for being a rich man who devours companies, then shouldn’t they be picketing outside Corzine’s residence castigating him for his negligence?:  If any Republican acted as horribly as Corzine has done in managing a firm, like MF Global, this would be on the front page — and dominating the news cycle for weeks on end.

Jon Corzine is worse than a vulture capitalist.:  He’s an incredibly incompetent manager of people’s resources, which explains his failure as a governor.

Trending Today
Matt Vespa

Matt Vespa

Matt Vespa is a conservative blogger based in Virginia. Besides contributing to Right Wing News, Vespa writes for RedState, PJ Media, Independent Journal Review, and his personal blog Noodle Pundit. He's also the 2013 recipient of American for Prosperity Foundation's Andrew Breitbart Award For Excellence In Online Activism and Investigative Reporting


Related Articles

0

Issa: Lois Lerner Waived Her 5th Amendment Rights

As Orin Kerr points out, there is a lot of back and forth and varying opinions as to this matter,

20

Michael Bloomberg On The Boston Bombing: We Have To Change How We Interpret The Constitution

New York Mayor Michael Bloomberg is exactly the kind of man C.S. Lewis was referring to when he wrote, “Of

8

Obama: The Kingpin of Broken Promises

Well, let’s get the ball rolling on another broken promise from The One, Barack Hussein Obama, shall we? I mean,