Author Topic: Will obama return the $500k he got from Jon Corzine?  (Read 375 times)

Soul Crusher

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Will obama return the $500k he got from Jon Corzine?
« on: February 01, 2012, 08:55:21 AM »
National Enquirer: OBAMA LINKED TO WALL STREET SCANDAL
National Enquirer ^ | February 1, 2012




Disgraced financier JON CORZINE who’s “What Me Worry” tactics sunk MF Global, is still OBAMA’s ”go to guy” to raise money to re-elect the President.

The ex- head of MF Global, former New Jersey Governor Jon Corzine told a congressional committee he had no clue of what happened to $1.2 billion of his Wall Street clients’ money following the $6.3 billion collapse last fall of the brokerage firm Corzine ran.

Torpedoed by Corzine risking everything on European debt, MF sunk into oblivion.

But an audit couldn’t account for $1.2 billion, suggesting Corzine may have illegally mixed client funds with the company’s own.

The Wall Street Journal reported investigators believe a “significant amount” of the monies may have been “vaporized” by chaotic MF Global trading.

But it hasn’t stopped Corzine from continuing to raise tons of cash for the Obama-Biden re-election campaign — more than $500,000, according to the official web site.

That makes Corzine one of the president’s biggest “volunteer fundraisers” in the nation.

When Obama first entered The White House-- and before Corzine’s financial ruin -- he told press Corzine was his “go-to guy” for financial advice and there was speculation among DC insiders that Corzine might be named Obama’s Treasury secretary.

And while Obama would now like to publicly distance himself of his past confidence in the one-time financial wizard evidently Team Obama has NO problem in taking money from Corzine -- and his super-wealthy pals.



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Re: Will obama return the $500k he got from Jon Corzine?
« Reply #1 on: April 20, 2012, 01:24:13 PM »
Jon Corzine Still Bundling for Obama
4:09 PM, Apr 20, 2012 • By DANIEL HALPER



         
     
    Barack Obama's reelection campaign has released the most recent list of names of fundraising bundlers. On that list is Jon Corzine, the former governor of New Jersey and embattled money man, the former head of MF Global:



Corzine, according to the Obama campaign, has once again helped raise more than $500,000.

(He was likewise named a bundler in January, when the Obama campaign last released the names of their money men.)

"MF Global and its brokerage sought Chapter 11 bankruptcy after a $6.3 billion bet on the bonds of some of Europe’s most indebted nations prompted regulator concerns and a credit rating downgrade. Corzine quit MF Global Nov. 4," Bloomberg reported.

As ABC reported, "President Obama once hailed [Corzine] as an 'honorable man' and one of his 'best partners' in the White House." Since that time, Obama has tried to distance himself from Corzine, who at one point was considered for the treasury secretary slot.

But apparently Obama is still willing to use campaign funds from the embattled Corzine.