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.

Also see...

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

Reality: More Cops Are Killed Each Year Than African American’s Killed by Cops

FacebookTwitterEmail For those who think there is an “epidemic” of blacks being killed by cops, it seems that it is

17

Treasury Secretary Turns to Professional Clown for Advice

FacebookTwitterEmail As our economy staggers toward the next major collapse, you might wonder where Comrade Obama’s conspicuously incompetent tax-cheating Treasury

0

Thousands of Americans Losing Their Jobs, But Being Forced to Train Foreign Workers to Replace Them

FacebookTwitterEmail It’s bad enough losing one’s job, but thousands of Americans are now in the ignominious position of being fired

Share This

Share this post with your friends!