Loading ...Corzine is ex GS, he then became Governor of New Jersey as an act of ‘giving something back ‘ hurl……He got New Jersey to buy loads of GS’s fancy derivatives that blew up and pretty much bankrupted the place, but being a Dem he skated….but did as least have a bit of a dodgy reputation.
Yr right about what he did to MF Global…but in sick way that was justice, as MF Global had only just floated, so all the employee shareholders were in lock down…they took a huge hit out in Kansas when Wade Dooley for reasons unknown went into the Office one night and took wheat limit up and limit down in the O/N Mkt….in the same night. So when the London Bosses came in they found what was termed an error trade ….a closed out trade with a $ 200 million loss on it !!!!!!
That tanked the share price by 30 % o/n…so most of the Senior management bought loads more shares, on the recommendation of the Managing Director one Kevin Davies…then they hired Corzine……. MF Global under Davies had become a ‘modern’ City Co…ie it took it’s clients to the cleaners and all its employees had to treat its customers as cash cows, to be ripped off….they were the lowest of the low and the leader of that pack was always GS.
So when Corzine came in and bankrupted it, all those shysters lost their backsides as well and it couldn’t have happened to a more deserving bunch…unfortunately many clients were locked out of their money for years….though I believe that no-one lost badly, only opportunity and interest.
Corzine is everything that is wrong about Wall st, the City and Politics, he should like so many of the others, have been jailed, had all his money/assets taken and be banned from finance for life…instead they are all out there free as birds, doing it all again.