The FBI always gets its man, Save Jerseyans.
Is that man now Jon Corzine?
An MF Global executive told regulators early Monday that the company had diverted client money, according to an official familiar with a separate probe by regulators. It isn’t clear where the money ended up or what it might have been used for, the official said.
All three people spoke on condition of anonymity because they weren’t authorized to discuss the matter publicly. This is the latest public embarrassment for Corzine.
To make matters worse for the beared wonder, the Commodity Futures Trading Commission has decided to issue its own subpoenas. I expect that he is “lawyering up” as we speak. Unfortunately for him, a prospective jury of his peers won’t include Garden State journalists. A sympathetic liberal media is approaching Corzine’s plight cautionusly, explaining that this latest incident is consistent with Corzine’s history of “risk-taking.”
I respectfully disagree with the fourth estate. It’s symptomatic of Corzine’s idiocy, recklessness, and shocking disregard for other human beings.
To be a true “risk-taker,” Corzine would have to back up his risks with his own money. Yet he never has! His gambling binges are always financed by other people’s money. As Governor, he had plenty of “ideas” but none of them were fiscally responsible; every plan involved borrowing large sums of money that state taxpayers – not Corzine – would be personally liable for. So when the state’s credit rating eventually went into the toilet and Trenton’s coffers had finally run dry, Corzine lost reelection… and took a fancy vacation for his trouble before landing a new multi-million dollar assignment at MF Global. No one made him repay a dime to the treasury. And if MF Global goes belly up (as appears to be the case), Corzine will receive a pre-contracted $12.1 million golden parachute.
Where’s the risk for Corzine??? Why doesn’t Moody’s downgrade him? This jerk never suffers the consquences of his incompetence because he deliberately avoids the exposure. New Jersey residents and MF Global’s clients/employees/investors are the only ones who got burned! Someone who mortgages his or her house to open a dream small business is a risk taker. A young middle class family welcoming a new child into the world is taking a risk. A U.S. solider in Afghanistan is taking considerable risks, too. Corzine doesn’t fit in any of these categories. He’s a damn coward, Save Jerseyans!
The only personal risk he might have taken is breaking the law. Hopefully the FBI will get to the bottom of it before Corzine strikes again and “takes risks” with someone else’s livelihood.