America's #1 Online Cigar Auction
first, best, biggest!

I guess he couldn't raise sales tax(1%)
and Property Taxes(30%) this time.

What a phony loser.

Now they say he's on his way to a job
with Obama. Watch Out!
Save your wallets!

Former New Jersey governor Jon Corzine heads the bankrupt brokerage MF Global.


NEW YORK (CNNMoney) -- A government regulator said in court Wednesday that roughly $600 million is missing from the books of bankrupt brokerage MF Global.

The firm, headed by former New Jersey governor and Goldman Sachs CEO Jon Corzine, filed for Chapter 11 protection on Monday following a panic from investors over its holdings of risky European debt.

"MF Global has discovered a shortfall of segregated accounts of around $600 million," a lawyer with the Commodity Futures Trading Commission said, adding that this is a preliminary figure that could increase.

This past weekend, executives at MF Global had been scrambling to sell the firm to Interactive Brokers, but the missing money scuttled the deal and forced it into bankruptcy, regulators said this week.

The FBI and federal prosecutors are now investigating how some $600 million of MF Global customers' money went missing, CNN learned Tuesday from sources close to the probe.

The missing $600 million represents roughly 11% of the $5.4 billion in segregated accounts at MF Global.

Government regulators are now working to make sure that any customer funds currently unaccounted for are given priority during the bankruptcy process.

"What we're focusing on now is to make sure those customer accounts are made whole," a federal official with knowledge of the investigation told CNN.

"What we are trying to do is ensure that we get some level of placement in the bankruptcy process."

CNN's Susan Candiotti and Chris Isidore contributed to this report.

Corzine is a perfect fit for the current administration...the 'Reign of Error'

Obama: Corzine is 'Our Wall Street Guy'

It's safe to say these two are joined at the hip, although the way the media is reporting the downfall of Jon Corzine's MF Global, you wouldn't even know Corzine's a Democrat, let alone one of Obama's top campaign honchos. So it's worth noting this story from July.

President Obama is desperately putting his Wall Street stock in an unlikely old buddy.

The beleaguered president has recruited former Goldman Sachs head honcho Jon Corzine to shore up re-election funds from the banking industry, which is furious over Obama's financial regulations.

Corzine, the former governor of New Jersey who was blasted out of office by Republican Chris Christie in 2009, has attended secret meetings with the president and has been working on Obama's 2012 campaign for months, The Post has learned.

The Democrat, who now leads Manhattan-based brokerage MF Global, has been tasked with scraping up the very little banking-industry support Obama can still get.

And, like any good executive, Corzine is looking out for his own bottom line.

Success could resuscitate his political career with a top post -- such as treasury secretary or a key ambassadorship -- if there is a second Obama term.

Obama campaigned heavily for Corzine in his failed re-election bid, calling him "our Wall Street guy."

Corzine's name popped up on an attendance list for a controversial and secret White House sit-down with leaders of New York's financial sector late last month. He has also aggressively worked the phone lines and the cocktail-party circuit.

And in the last few months, Corzine hosted a high-end fund-raiser at his Fifth Avenue home for Obama.

He even secretly organized a meet-and-greet at the Four Seasons for key finance-industry execs and Obama's new chief of staff, former banker Bill Daley.
Where are the good government types screaming from the rooftops about Obama's deep connections with this man facing, to put it mildly, a very uncertain future? Can you imagine if such a close pal and fundraiser for Bush was up to his neck in problems and whose company is under investigation after $700 million went missing? Where are those noble souls "occupying" media attention to demand a perp walk for Obama's good buddy?

Naturally, Corzine's former stenographers at the Star Ledger are crestfallen over the downfall of the guy they shamelessly supported while he was buying a Senate seat and later the governorship. Laughably, in his support they trot out corrupt former Senator Bob Torricelli, who was forced from office back in 2002.
Former U.S. Sen. Robert Torricelli, who was close with Corzine, said the former governor has had his share of troubles over the years.

"Jon has suffered a series of very difficult professional blows, and I know professional difficulties affect him deeply and personally,’’ he said. "The wound of being fired from Goldman Sachs never healed."

The defeat in politics, though, may have been easier for him to accept than the failure of MF Global, said Torricelli. Politics, he pointed out, was only an adopted avocation.

"In some ways this is probably more difficult," said Torricelli. "It’s a heart-breaking situation."
Actually, it seems more like a criminal situation, Bobby. You'd know all about that.

You think this kind of cronyism and goings on wasn't happening under republican administrations? If one takes the partisan spin blinders off. This is symptomatic of wall street ownership of whoever the incumbent administration of the day is. Obama is certainly the worse hypocrite right now because he speaks from one side of his mouth while taking huge campaign contributions (bribes as incumbents of either party traditionally do) while telling those being f@cked in the wallet by wall street that he's fighting them.

The system is owned by wall street to a greater extent than ever before, now accelerated by their ability to throw even greater amounts of bribe money at incumbents due to the supreme court rendering that "corporations are people".

Those of you who think you are in servitude to a government taxing you are simply not looking beyond them to those who keep those wheels of servitude spinning in ever larger circles.

If you're still lucky enough to be in the shrinking middle class, you're paying systematic re-distribution of wealth upward through bank bailouts and sweetheart deals, pandering of fear that drives borrowing and taxation to support the military industrial complex's need to be seen as needed in order to maintain their stock prices, revenue streams, and appropriations.

If this is what constitutes "natural concentration of wealth" by those with superior abilities as many here want to maintain, it's not the noble kind that people want to paint the picture of, it's actually more like that of an organized criminal enterprise that has managed to pay off the judges and police. So admirable as opposed to those lazy poor f#ckers that are really cheating us out of bigtime money.

So now that you and FuzzNJ have it all figured out, what are you going to do about it? I told you all along the we owned Obama just like we owned Bush. Now you are staring it in the face. So what are you going to do?

You'll have to answer that.

You're not trying to do any of that crap.

You asked the question: "Would putting the same amount of energy behind this effort that the conservatives on this board put toward backing the tea party be enough?"

You need to answer it for yourself. You've already said you are too old and have medical problems so you cannot physically join OWS. Is what you are offering the best you can do and do you really think it will change the county?

That is easy. Zero effort. I have never had any affiliation with anything "tea party".

I am not answering for "they". You'll need to take that up with them.

Now we're back to is your amount of energy you're willing to spend good enough.

Oh you'd just love to know to report back to your handlers

Yes, of course. I'm calling you an idiot for not agreeing with me, not because of the illogical arguments you are making.

You think your clever by trying to construct questions that you think only have two answers, and either answer given would be bad for the other person's argument, but you're not that good at it. When someone answers with something other than the two possibilities you have in your mind you deflect and stay on that same thing forever thinking you're being logical. It puts you in the position of having to use statements that you would call illogical if a 'liberal' were to use it.

That makes you an idiot.