Jon Corzine loves to take risks with money, his and other
people’s.
people’s.
As the Chairman of Goldman-Sachs, Corzine pushed for huge
risks for huger takings. After suffering trading losses, Goldman Sachs told
Corzine to get lost.
risks for huger takings. After suffering trading losses, Goldman Sachs told
Corzine to get lost.
Corzine then spent millions of his own money to get elected
Senator, then Governor of New Jersey.
Senator, then Governor of New Jersey.
While in Trenton, he spent other people’s money — taxpayer dollars — promoting lavish
projects, stimulus spending, and generous pensions to public sector employees, the
same constituency that would presumably get him re-elected. He even raised
taxes 110 times to keep playing.
projects, stimulus spending, and generous pensions to public sector employees, the
same constituency that would presumably get him re-elected. He even raised
taxes 110 times to keep playing.
Corzine spent even more money on his re-election campaign, but lost by four points to US Attorney Chris
Christie. Another risk that did not play out.
Christie. Another risk that did not play out.
Following his bad play with his and other people’s money in
New Jersey, Corzine took over as CEO of MF Global, where he played with and
lost billions of private investors’ money, leading to the eighth largest
bankruptcy in United States History.
New Jersey, Corzine took over as CEO of MF Global, where he played with and
lost billions of private investors’ money, leading to the eighth largest
bankruptcy in United States History.
Despite a deplorable reputation of playing poorly with other
people’s money, former New Jersey Senator, Governor, and Goldman-Sachs CEO Jon
Corzine will not be prosecuted for mismanaging then losing billions of dollars
in private investment for the last firm that he led.
people’s money, former New Jersey Senator, Governor, and Goldman-Sachs CEO Jon
Corzine will not be prosecuted for mismanaging then losing billions of dollars
in private investment for the last firm that he led.
Now he wants to start his own hedge fund.
I am hedging my bets, but I sure wish that the former federal
prosecutor and current New Jersey governor Christ Christie would take Corzine
to court. That’s a risk worth taking to stop Corzine from playing.
prosecutor and current New Jersey governor Christ Christie would take Corzine
to court. That’s a risk worth taking to stop Corzine from playing.