Ex-NJ Gov. Jon Corzine Staying Busy Destroying The Economy These Days


Hmmm, so what has corrupt old coot Jon Corzine been doing with his time since New Jersey dumped his ass for sexy younger wife Chris Christie? Oh, you know, the former Goldman Sachs CEO just wanted to sorta work his way back into the old Wall Street swing of things. Mission accomplished! Which means, obviously, that he has "misplaced" (buried? incinerated?) hundreds of millions of dollars of other peoples' money after bankrupting his behemoth brokerage firm MF Global in another one of these insane high-risk bond-trading scheme death spirals. Check out this hot mess:

Federal regulators have discovered that hundreds of millions of dollars in customer money have gone missing from MF Global in recent days, prompting an investigation into the company’s operations as it filed for bankruptcy on Monday, according to several people briefed on the matter.

The revelation of the missing money scuttled an 11th hour deal for MF Global to sell a major part of itself to a rival brokerage firm. MF Global, the powerhouse commodities brokerage run by Jon S. Corzine, had staked its survival on completing the deal.

Now, the investigation threatens to tarnish the reputation of Mr. Corzine, the former New Jersey Governor and Goldman Sachs chief who oversaw MF Global’s demise, making it the first American victim of Europe’s debt crisis.

He did wisely manage to find $500,000 in donations for Barack Obama's re-election campaign, however, so this "investigation" will happily turn up tulips and roses for Jon Corzine, the end. [Deal Book via Wonkette operative "real dc native"]


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