Wednesday, February 1, 2012

MF Global and Obama '12 Campaign - Media Will Ignore

Jon Corzine Raised $500,000 for Obama

2:38 PM, Jan 31, 2012 • By DANIEL HALPER
According to Barack Obama's 2012 campaign website, Jon Corzine of Hoboken, New Jersey raised at least $500,000 for the president's reelection effort. Here's the listing:

Corzine, of course, has most recently been in the news for being on the wrong side of a $6.3 billion bet as head of MF Global. "MF Global filed for bankruptcy on October 31, after $6.3 billion in risky bets on European sovereign debt spooked investors and an effort to sell the company failed," Reuters reported. "Investigators are searching for as much as $1.2 billion in missing customer money, which regulators said the company may have diverted for its own needs."

Later, Corzine admitted he could not account for the $1.2 billion. 

At one point, Corzine was once considered a possible candidate for secretary of the Treasury Department. "President Obama once hailed [Corzine] as an 'honorable man' and one of his 'best partners' in the White House," ABC reported.

Corzine's fundraising puts the former Goldman Sachs CEO and disgraced banker in the highest category of bundlers in terms of dollars raised. But he most likely won't be a resident of Hoboken for much longer. "The scandal-hit former MF Global chief has put his penthouse condo along the Hudson on the block for $2.9 million," the New York Post reported today. "That’s a 12 percent drop compared to the $3.3 million he paid for his high-end Hoboken bachelor pad just three years earlier."

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