Tell me that Democrats care about the poor while Republicans only care about the rich and I’ll say, “Jon Corzine.” And that’s all I really need to say, given what Corzine did (where’s that $1.6 billion you “lost,” Jon?) and given this picture of a pair of genuine weasels:
Oh, and all the quotes from Barack Obama and Joe Biden about Jon Corzine that go with that picture:
• “You’ve had an honorable man, a decent man, an honest man, at the helm of this state. … He’s fought for what matters to ordinary folks.”
• “People…say, ‘You know, I was saving up all my life. …. Suddenly, because of this financial crisis, I may have to go back to work.’ “
• “Jon knows these are challenging times. This is why he got into public service. He didn’t do it for the paycheck.”
• “This crisis…came about because of the same theories, the same lax regulation, the same trickle-down economics that the other guy’s party has been peddling for years.”
• “Jon’s got the mop and he’s cleaning up after somebody else’s mess.”
• “One of the things you’ve got in Jon Corzine is somebody who tells it to you straight,” Mr Obama said.
Do you notice how Obama – that vile weasel – used Jon Corzine to demonize Republicans? Obama was actually dishonestly saying that Republicans created a mess, and that this quivering piece of slime Jon Corzine was the guy cleaning up that mess.
Let me just digress for a moment and state that Barack Obama is the most divisive, most dishonest, most hateful, most demonizing, fearmongering LIAR in American history.
“Jon’s a leader who’s been called to govern in some extraordinary times,” Obama said while campaigning for Corzine in 2009. “Jon Corzine wasn’t just the first governor to pass an economic recovery plan for his state. He was an ally with the Obama administration in helping us develop a national recovery plan.”
And here’s what Joe Biden – again representing the Obama administration – said about Jon Corzine – while he was pointing out how team Obama repeatedly asked Corzine for advice and trusted him implicitly:
“I literally picked up the phone and called Jon Corzine and said Jon, what do you think we should do,” Biden said. “The reason we called Jon is that we knew that he knew about the economy, about world markets, how we had to respond, unlike almost anyone we knew. It was because he had been in the pit — because he had been in the furnace. And we trusted his judgment.”
“Way back in the transition period, before we were sworn in, when Barack Obama and I were literally sitting at a desk in a high rise in Chicago, beginning the plan on how we would try to get this economy out of a ditch, literally, the first guy I called was Jon Corzine. It’s not a joke. It’s not a joke. First of all, he’s the smartest guy I know in terms of the economy and on finance, and I really mean that.”
That’s right, Jon Corzine was a trusted adviser to Obama and Biden. That’s why our economy is in such great shape now. And the guy who helped Obama put together the massively failed stimulus also just put together the fourth largest bankruptcy in American history as he put his liberalism to work at MF (which stands for “Managed Futures”) Global and helped himself to other people’s money.
Now the smartest guy Obama and Biden know is saying, “I don’t know where the money went.” You know, even though that was pretty much his whole JOB to know.
“Companies like Solyndra are leading the way toward a brighter and more prosperous future.”
And of course Obama was right: a more “prosperous future” for China because we’re going to keep paying the interest on that $535 million Obama gave to his crony capitalist buddy who raised funds for him. And I’ll bet that Obama crony George Kaiser will be giving Obama something-something from that $535 billion stash in the form of campaign contributions. After all, that’s what “fairness” is all about, isn’t it?
Here’s the latest story in the saga of the poster boy for the fact that everything that liberals say about caring about the little people while Republicans only care about the rich load of crap:
Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer
Submitted by Tyler Durden on 03/23/2012 16:13 -0400
Then only thing that could top today’s epic market insanity and hilarity, would be that Corzine is himself about to be Corzined. And just released from Bloomberg:
- MF GLOBAL’S CORZINE ORDERED FUNDS MOVED TO JPMORGAN, MEMO SAYS
- CORZINE’S `DIRECT INSTRUCTIONS’ CITED BY CONGRESSIONAL PANEL
- MF GLOBAL TRANSFER WAS USED TO COVER OVERDRAFT, PANEL SAYS
- MF GLOBAL FINDINGS CITED IN MEMO OBTAINED BY BLOOMBERG NEWS
And so we can now add perjury to felony embezzlement. Which means we now have to wait to find just which MF’er (and JPM’er) will be given a promise of untold millions if they only get Fab Tourre’d for a few years, and spend 5-7 in minimum security state prison instead of brave Jonny.
Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive.
Edith O’Brien, a treasurer for the firm, said in an e-mail sent the afternoon of Oct. 28, three days before the company collapsed, that the transfer of the funds was “Per JC’s direct instructions,” according to a copy of a memo drafted by congressional investigators and obtained by Bloomberg News.
O’Brien’s internal e-mail came as the New York-based broker found intraday credit lines limited by JPMorgan, the firm’s clearing bank as well as one of its custodian banks for segregated customer funds, according to the memo, which was prepared for a March 28 House Financial Services subcommittee hearing on the firm’s collapse. O’Brien is scheduled to testify after being subpoenaed this week.
“Over the course of that week, MF Global’s financial position deteriorated, but the firm represented to its regulators and self-regulatory organizations that its customers’segregated funds were safe,” said the memo, written by Financial Services Committee staff and sent to lawmakers.
Vinay Mahajan, global treasurer of MF Global Holdings, wrote an e-mail on Oct. 28 that said JPMorgan was “holding up vital business in the U.S. as a result” of the overdrawn account, which had to be “fully funded ASAP,” according to the memo.
Barry Zubrow, JPMorgan’s chief risk officer, called Corzine to seek assurances that the funds belonged to MF Global and not customers. JPMorgan drafted a letter to be signed by O’Brien to ensure that MF Global was complying with rules requiring customers’ collateral to be segregated. The letter was never returned to JPMorgan, the memo said.
The money transferred came from a segregated customer account, according to congressional investigators. Segregated accounts can include customer money and excess company funds.
Corzine testified that he never intended a misuse of customer funds at MF Global, and that he doesn’t know where client funds went.
“I did not instruct anyone to lend customer funds to anyone,” Corzine told lawmakers in December.
Steven Goldberg, a spokesman for Corzine, declined immediate comment.
Oops. Of course, in Jonny’s defense there was no perjury here. The truth was merely rehypothecated.
Just remember these truths every time a Democrat repeats their tired class warfare lies. It’s every bit as much of a lie when a Democrat says them as it was when a Stalinist said pretty much the same damn things.
Update 4/23/12: Just to document how incredibly corrupt Obama is, Jon Corzine is STILL bundling campaign money for him.