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Former MF Global Workers Sue Obama Adviser Corzine

Just imagine if disgraced former New Jersey Governor had an “R” after his name. He’d be the top story on every network, televised hearings would drown out all other news, protesters would be storming his mansions and every other Republican who ever dealt with him would be tarred and feathered.

Instead, virtual silence from the media. Sure, when stories like this come along it’s newsworthy, albeit temporarily, but when he comes to testify (or takes the Fifth) at hearings this week, see how much coverage it gets.

To give you an idea how disinterested the media is, has Barack Obama or Joe Biden even been asked a question about MF Global?

Special added bonus: You can play Name That Party.

Past and present MF Global employees sued ex-CEO Jon Corzine and other executives over alleged misrepresentations they say destroyed the value of the company’s stock.

Two former employees are seeking class-action status on behalf of any current or former MF Global worker who bought company shares through stock purchase plans since mid-2010.

Corzine, the former New Jersey governor and Goldman Sachs chief who resigned as MF Global’s CEO on November 4, is one of 12 defendants in the lawsuit, filed on Monday in federal court in Manhattan.

Props for at least reporting this story, but they naturally omit any mention of the “D” that comes after Corzine’s name. You know, as in Corzine, the first guy Obama and Biden called for economic advice. Heck, they fail to even mention the blockbusters new as reported by Human Events Monday.

It’s reported, meanwhile, that Corzine ignored warnings about betting on European bonds. I recall stories back when Corzine first purchased his Senate seat about what a Wall Street wiz he was. If ever oh ever a wiz there was, it wasn’t Corzine.

Naturally, Corzine is doing anything he can to delay his hearings. It almost seems as if he needs time to get his story straight.

Jon Corzine isn’t getting off to a good start with congressional investigators after his attorney spent the past two weeks seeking a delay in upcoming hearings and forcing subpoenas to compel his testimony at upcoming hearings into the demise of the brokerage firm he ran, MF Global, the FOX Business Network has learned.

Corzine’s attorney Andrew Levander angered staffers in as many as three committees investigating the firm’s Nov. 1 bankruptcy and its impact in the securities markets. As much as $1.2 billion in client money remains missing from MF Global, and investigators are examining whether senior officials at the brokerage improperly co-mingled the customer accounts with money used for operations during its tumultuous final days, people with knowledge of the matter tell FOX Business.

And for a fun exercise, let’s recall how much hot air was spewed over GOP ties to the nefarious Jack Abramoff by House and Senate Democrats. Oddly, they’re rather mum about Corzine.
Jon Corzine, former CEO of collapsed brokerage MF Global, has become a major embarrassment to his friends on Capitol Hill.

The former senator and governor of New Jersey has not only donated money recently to the Democratic Congressional Campaign Committee Democratic National Committee, he has also contributed to the following U.S. representatives, the Hill notes: New Jersey’s Rush Holt, Donald Payne Frank Pallone, and Steve Rothman; California’s George Miller; New York’s Kathy Hochul, Nita Lowey, Jerrold Nadler and Charlie Rangel and Massachusetts’ Ed Markey.

Republicans are calling on Democrats to return the money. Top blogger Instapundit suggested that someone should look up what these lawmakers said in the wake of the Jack Abramoff scandal, where considerable pressure was brought to bear on the GOP to return contributions from Abramoff and those affiliated with him.

So, Capital Hill did some searching, dug into the archives, and came up with some rather choice morsels.
Again, don’t expect saturation coverage of any of this from the media, or everyone’s hero of the middle class.
“Their philosophy is simple: we are better off when everyone is left to fend for themselves and play by their own rules. Well, I’m here to say they are wrong.”
Left to fend for themselves, like Jon Corzine’s former employees.
If any GOP strategists are paying attention, they should make good use of photos like this:


 

 

Written By

JWF is a guest blogger for Human Events and the proprietor of Jammie Wearing Fools.

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