They don't mention in the report that he is the former DEMOCRAT governor of New Jersey or that Obama campaigned in New Jersey 4 times for the guy before he lost to Chris Christie.

Could you imagine the uproar from the liberal dimwits if this slimeball wasn't one of their own?

That's pronounced Maggot! And yes, he should share the same cell block!

A crook is a crook, no matter what letters they put after their name. Like Perry, who was a democrat before he was a republican. I doubt either letter really suits him, from what I hear from Texans that have to put up with him. Just another crooked politician. Anyway, after coming from Goldman Sachs, I'm surprised anyone bought the democrat act. People from business go into politics to make things better for their business, and then go back to being private sector crooks, just like this guy.

You know, we are going to have to start letting the hardcore murders and rapists out just ot accomodate the political and financial criminals.

Could you imagine the republican dimwits finger pointing at democrats because this slimeball is part of the same political party?

Both parties are mostly bought and paid for by corporations. That is why OWS is smart enough not to allow either party to represent them. The conservative party that was voted out of Greece, paid Goldman Sachs 1/2 a billion dollars to hide their debt before the Socialist party was elected. Look up "Greg Palast" on youtube, he investigated and documented this fraud. Just like Goldman has been hiding it's debt from the (few) regulators. This is much of what OWS is all about. Our country is run by multi-national corporations, not the people of America. It is sick that since corporations are now people, Goldman Sachs only has to "worry about" civil penalties." If it was a human person accused of this fraud, they would be liable for criminal prosecution. The "civil penalties" are usually nothing compared to the money that they steal. They know that they can "earn" billions through fraud and be fined only a small portion of it. Crime definitely pays for these corporate "people."

Yes, and let's just gloss over the fact that socialism has destroyed the Greek economy.

That is why OWS is smart enough not to allow either party to represent them.

Yeah right that is why OWS is owned by the Union Democratic Puppetmasters. You attack Jamie Dimon but not a peep about him being a Major Campaign contributor for the POTUS. You claim to be against Crony Capitalism but not a peep about the POTUS hiring JP Morgans Chief Lobbyist and putting him in the White House as his Chief of Staff. When are you going to Occupy the White House? You all are just a bunch of Partisan Morons smoking dope and singing Kumbaya with the Corrupt Unions in homeless encampments. When are you going to learn that your actions speak way louder than the two faced political double speak that comes out of your mouth?

Madoff and this clown do not need to be in club fed. Heck, Martha Stewart did time and made friends and had a garden. Make people that commit grand larceny do time for the state crime in the state prison along side murders, rapists, and the worst of humanity.

Corzine, former chairman of Goldman Sachs, was one of Obama's main conduits to Wall Street, a donor base that has been a challenge for the president to hold in line. Corzine has been a major bundler, already reaching the $500,000-plus level as reported by the Obama campaign. He has also been active in arranging meetings between disgruntled donors and the president, including a secret meeting earlier this summer with leaders from a number of Wall Street firms.

http://www.iwatchnews.org/2011/10/31/7225/obama-bundler-jon-corzines-financial-firm-hits-skids-bankruptcy

Just another corrupt bundler for the POTUS right along with Solyndra and Beacon Power. I wonder how much of the POTUS's campaign funds came from the $600 million Corzine stole from his customer accounts.

Oooops ..... What We really need less regulation don't you think, that way this can happen on a daily bases ... LOL I'm sure their are all honest ......

He should be pepper sprayed and dragged out of his office right into prison just like the 99%.

He may need the severance for his defense team. Jerk.

I agree 100%

This is how the Elite make their money, Thru Sweat-shop style labor practices, stealing , monopoly,

extortion, and political contributions to our money hungry corrupt politicians ( Corporatism ).

Now,

Almost every single day we see more and more cases of corruption in the Financial, Government, and

Traditional Banking sectors, since for years this characters have been basically allowed to steal money

everywhere they can, due to De-regulation of the sectors ( Any sector, and any Business, if you can name it,

it has already been corrupted one way or another).

This is why we say the entire system as we know it is Rigged.

What's really insulting is the fact that once the get caught, they are allowed to keep their multi-million hauls,

and they will see no jail terms, that's where the problem is.

So the question is :

Who are the main players here? and Who is this people covering for?

Please don't kid yourself, the Maddof case was an exception rather than the rule for reasons unknown to the

average citizen, think of it more of like a PR campaign.

As I said in the beginning:

This is how the Elite make their money, Thru Sweat-shop style labor practices, stealing , monopoly,

extortion, and political contributions to our money hungry corrupt politicians ( Corporatism ).

So,

Is our corrupt US political and Governmental structure that much different than the one in China,

Mexico, Russia or Venezuela?

Corruption in America is rampant!

It's anywhere and everywhere you turn to, it's a culture now, where we don't do what's right

anymore, instead we do anything and everything in a corrupt way for personal gain, that's why the

system is rigged !

Welcome to the Plutocratic States of America !

Why no slanted post from Fiesty?????LMAO....

If John Corzine, a typical Democrat, is found to be guilty of using (stealing) clients money, in the investigation, then it would be nice to see him held accountable for his actions. Unlike his political career, where he squandered the wealth of New Jersey (other peoples money) with no accountability whatsoever. A nice long jail sentence would be appropriate, to start with. They "used" $600million of client's money, that's a good one. Stole would be the correct word. They stole client's money.

@ Gary,

The article actually does mention that he was a former Governor of Jersey!

"It was an ignominious fall for the former New Jersey governor and Democratic senator who once ran Goldman Sachs."

I hope they throw this man in prison!! Too many of these scumbags go unpunished!

"I hereby resign from that company which no longer exists."

That's like saying, "Waiter- I'm sending back that steak that I ate because it wasn't any good."

Like, "I will no longer steal once I have enough."

Here's a buyline for tomorrow's paper:

Corzine Resign Time, Will do time in time

There has been speculation that Corzine hopes to join the Obama administration if the president is re-elected. His contract with MF included provisions that kick in if Corzine is named to a federal position before July of 2013. He certainly would not be the first Obama bundler to get an administration position. Earlier this year, an iWatch News analysis found that nearly 200 bundlers from the 2008 campaign had received jobs or other patronage from the Obama administration.

http://www.iwatchnews.org/2011/10/31/7225/obama-bundler-jon-corzines-financial-firm-hits-skids-bankruptcy

Hey OWS where is the outrage about this? Can a former Goldman Sachs CEO stealing and buying his way into a top Administrative Job for the POTUS be any more blatant or is this a problem for you because Obama is a Democrat? If you follow the link you will see a nice High Def photo of Corzine and the POTUS standing on stage next to his teleprompter in front of a huge American Flag. The only thing the POTUS is missing there is his Mom and an Apple Pie.

Mr. Corzine......wait a minute, we have a few questions for you first.....

And as a Democrat.....yes, we do care....whoever it is....

Why aren't you right-wingers asking what party Madoff, Martha Stewart, Ken Lay, Bernie Ebbers, Kozlowski, Haft, and the Keating five belonged to. Believe me, Republicans have just as many (or more) financial scandals in their past.

First Solyndra then Fast and Furious, now this?! Why is'nt this on the main page of NV?!

Maybe because it will hurt their feelings to see so much corruption going on right in their Democratic Party?

oops, let not forget occupy wall street!

LOL.....I was just waiting for this. The typical Lib response when their Messiah is caught red handed cavorting with Criminal CEO's from Goldman Sachs. Deflect, deflect,deflect....How many different ways can we point our fingers at once? It's Bushes fault! I wonder how long it will take for the Race Card to be pullled.

LOL.....I was just waiting for this. The typical Lib Right-wing response when their Messiah is caught red handed cavorting with Criminal CEO's from Goldman Sachs. Deflect, deflect,deflect....How many different ways can we point our fingers at once? It's Bushes Obama's fault! I wonder how long it will take for the Race Card to be pullled.

See how you can change a few words and we get back to the same old place we were to begin with....

It doesn't matter if they're left or right, they all came from Goldman LOL!! They all should be tried, and if/when convicted, shot.

Stop, I don't know about the others, but Martha Stewart is a democrat.

I don't know either (except ken Lay). My point was you can bet that they come from both parties, so why even try to go there?

Corzine was also a "bundler" for Obama. This is a lot better article about this situation....

Corzine resigns from MF Global amid mounting probes

By Bill Van Auken
5 November 2011

Jon Corzine, the former New Jersey Democratic senator and governor, resigned Friday as CEO of MF Global, amid multiple probes into possible criminal violations at the bankrupt investment firm. It was also reported that Corzine had hired a prominent criminal defense attorney.

MF Global filed for Chapter 11 bankruptcy protection October 31, after rating agencies had downgraded its stocks to junk status over the firm’s large-scale exposure to European sovereign debt. The bankruptcy is the biggest collapse on Wall Street since the financial meltdown that toppled Lehman Brothers in September 2008.

It is also the first major US casualty of the European debt crisis, but undoubtedly not the last. Wall Street briefly suspended trading Thursday on the Jefferies global banking firm after its shares fell by 20 percent. A rating agency downgrading its debt over concerns of exposure to the European crisis.

The $41 billion bankruptcy is the eighth largest in US history, slightly larger than the bankruptcy of Chrysler Corp. in 2009….

...Corzine, who is at the center of the growing bankruptcy scandal, was CEO of Goldman Sachs until 1999, when he left with a fortune of $400 million. He used $62 million of this to fund his successful campaign as the Democratic candidate for the US Senate from New Jersey. He subsequently spent another $38 million in 2005 to become the Democratic governor of New Jersey, but was defeated for re-election by Republican Chris Christie in 2009.

In March 2010, he returned to Wall Street to become CEO and chairman of MF Global. In the 18 months before the firm’s collapse, his total compensation rose to $14.25 million, including a $1.5 million sign-on payment and $2.75 million in bonuses, as well as stock options. While his contract guaranteed him a severance payment of $9 million, plus a $3 million bonus, it was announced Friday that he would not try to take the additional money out of the firm he bankrupted. No doubt this decision was taken with an eye towards how it would look to investigators and a potential judge and jury.

While taking in this obscene level of wealth, Corzine gave a series of lectures as a visiting professor at Princeton University’s Woodrow Wilson School of Public and International Affairs decrying excessive compensation on Wall Street and calling for stiffer regulation. In one lecture, he condemned major Wall Street financial speculators for leveraging shareholder equity 30-to-1. Under his direction, MF Global was financing its high-stakes bets on European debt with short-term loans, bringing its debt-to-equity ratio (leverage) closer to 40-to-1.

Corzine had emerged in recent months as one of the principal fundraisers for President Barack Obama’s re-election, bundling some half a million dollars for the campaign. Obama kicked off his fund-raising drive in New York City at Corzine’s Fifth Ave. apartment overlooking Central Park, where well-heeled Wall Street supporters were invited in return for making the maximum legal contributions to both the Obama campaign and the Democratic Party.

This close relationship between Corzine and Obama, highlighted by the crash of MF Global, poses political problems for the Democratic president’s cynical attempts to exploit the tide of anti-Wall Street sentiment….

http://www.wsws.org/articles/2011/nov2011/corz-n05.shtml

They say that there would be civil penalties for using client money and losing it? Why not criminal penalties?

I wonder how much in bonuses they gave their people using their clients money?

Really, it's so big of him not to take severance after raping and destroying the company. The guy who destroyed and backstabbed A. G. Edwards, Bob Bagby, should've taken this position.

Duh! The $600 million was his severance...

Democrat, Republican, doesn't make any difference, they're all criminals.

It's in the Democrats coffers.

It never has been Democrat vs. Republican. That is a distraction. It has ALWAYS been rich vs. poor. Have vs. have-not. Spoiled rich American "nobility" think that they have the wool pulled over the peoples' eyes - scum from both parties are bleeding America dry! It's time for America to bleed them dry. Literally.

Both parties are owned and that is obvious. If we don't put millions in the streets and force change we will shortly be in depression and chaos.

It's all about money and power. The banks, wall street, hedge funds, insurance companies and the commodities exchange have several things in common. They all produce nothing and take mountains. They own our government and have a license to steal.

Our corrupt financial and corporate systems are a disgrace to America and the human race. There is nothing they want do.

I don't think it is a democrat or republican cancer, but just human greed. I see it everyday and not from just the super rich. There are all levels of economic greed. We paint people lower on the pay scale as virgins or angels and in fact I know many just as slimy as any rich person I know. So I am saying if that poor person got to be rich one day, greed would be just as prolific. We have a moral breakdown in this country that is shared by all economic groups.

BTW, Corzine recently held a fund raiser in his home for Obama. Yup, he also was top on the list to replace Timmy as Sec of Treasury. Imagine that. Obama can really pick them. Maybe now that leaves room for Jeffrey Immelt to succeed Timmy. He too is a top pick. Or maybe back to Rubin. Birds of a feather flock together. True for all people not just politicians. A person should be measured by those he chooses to hang around with.

your lack of effort to improve yourself may be giving you your "opinion" of what is wrong with America and the human race...just a thought

this is one of Hussein's boys...have the OWS fleabaggers headed over to his crib?...just wondering

If I were a betting man, he resigned without severance because the # 150 kept ringing in his head?

I'm sure he mentioned a severance. I'm just as sure the board of directors laughed, just before they told him he was resigning with no money.

Jon was born with a silver foot in his mouth. The man has no luck. just when he's supposed to get the US Sec of Treasury job from his friend president Obama he gets caught betting on Greek securities with other peoples money. This is Jon's last act in public life.

I notice they mention that he's a former governor but don't mention his party affiliation. Maybe people will assume that since the current NJ governor is a Republican, Corzine is too?

I'm still trying to figure out the OWS hypocrisy that they're upset over devalued 401(k)s but they oppose corporations making profits. Isn't that a big factor in the stock price?

OWS does NOT oppose corporations making profits - they oppose them making 'profits' by illegal dealings like this. Playing shell games, outsourcing jobs, cheating on taxes. Play fair and play by the rules and OWS doesn't have ANY problem with an honest profit.

Don't make the mistake of thinking that just because many supporting OWS are young that they're not just as fed up with the Dems & Obama, as they are with the obstructionist Repubs. They feel sold out. The only difference is that Obama knows why they're mad... Repubs think being crushed under the boot of the megacorps is the natural order of life.

I wouldn't be surprised to see Capital Hill and the White House next on the OWS agenda.

What hypocrisy? They found out he was crooked. I bet he's off the list for Treasury, and if Obama is smart, he'll return any money this guy raised for him. It's not like people are looking the other way, like they did when Valorie Plame was fingered. I haven't seen any support from the democrats for him at all. Don't you think the president could have headed off the FBI if he wanted to?

By the way, OccupyDC is marching around Washington. Occupy Wall Street is at Wall Street. It really is very simple, and it's right in the name.

Any politician that took money from a lobbyist and voted in favor of that group's interest should be charged with treason . 200 % import tax on all imports.....

How stupid can we be? We are totally devided over two owned parties.

Meanwhile we are raped by the big rich that control every thing: The money supply, interest rates, housing, education and the price of oil and other essentials.

We will put millions in the streets and demand real change or we will soon be in depression and chaos.

boy oh boy first gary now mike guys read the story before you comment. it states former democratic senitor there for democratic governor. Then the conservitives wounder why they sound like they do wild eyed and crazy.

Fawn, you seem confused by what is legal and not. Corporations taking advantage of tax benefits is NOT illegal and neither is it when YOU deduct interest, taxes, contributions, etc on your tax return, or if you take a standard deduction. You need to educate yourself more. If corporations are doing something illegal it is up to the IRS and then our legal system to prosecute. GE did not report a federal tax obligation. That isn't their fault, but the fault of our tax code that gives GE too many deductions, credits, etc.

REFORM THE TAX CODE. Of course neither side wants to do that because pressure is put on them by groups that will be hurt by any tax reform. I get that. I get that politicians are in a vice. The public just needs to support them to do the right thing. If I was a corporation that would be getting hurt by current legislation I too would fight it. Anybody that denies they would too are hypocrites.

Corzine is now qualified to be appointed to a post in the Obama Administration: Fraud Czar ? Transparency Czar? Treasury Secretary? Oops , I almost forgot that there already was a crook heading the Treasury

for the group below this comment please read the story it is in english.

It was an ignominious fall for the former New Jersey governor and Democratic senator who once ran Goldman Sachs.

nutz! all of you nutz!

That's a stupid comment zaks. The protesters at Zucotti Park are protesting BECAUSE of scumbags like this. Get a grip on reality man.

Um, because he is what they are protesting against. They're not against the wealthy or corporations like some of the media makes them out to be. They are against the the wealthy that made their money by lying, cheating, and stealing from the middle class. Them getting a bigger piece of the pie than the workforce of the company that makes them the money. That is why the middle class pay scale hasn't kept up with the cost of living over the past few decades. Average people make the about the same amount they have for years, but everything around them has gone up in price.

It's supposed to be a secret. So when Fox News mentions his party affiliation, and his ties to high-ranking Democrats running for re-election, liberals can say that Fox is biased.

Second paragraph, last line states "It was an ignominious fall for the former New Jersey governor and Democratic senator who once ran Goldman Sachs." Hello? Democratic senator. I think they learned their lesson when the story first broke and everyone commented abouth them not mentioning his party affiliation.

terry and mike,

Do you have poor reading comprehension, or just neglect to read the article?

Not at Club Fed though, as it should be more like Rikers Island.

Who at MSNBC worshiped Corzine? I remember not too many kind stories about him except for that jagoff on Morning Joe.

Scarborough sucks. Wish they'd fire that pompous, arrogant ass.

Cramer and co. plus the cnbc anchors, thats who.

Good answer Dave it was already corrupt he just helped it along. What happened to trying to clean it up?

That's because they are over on the page with the story of John Boehner remarking on Grover Norquist. They are crying loudly over there.

This.

Michelle , you mean the same way he is being fair to the Republicans and people who lean conservative.

They're one big happy family Michelle.

Well Barbara he is a madoff wantabe and yes he was or is a Dem Sentor and that should tell you somthing about Washington as a whole. The plain and simple he was head of a bunch of crooks that not used, but stole money from his clients a crook is a crook I don't care what title you give him. He is part of the Banker and investment bunch.

True enough. Therefore, I think both our viewpoints are valid, don't you think?

How much of that client money was used to contribute to the campaign coffers of Mr. Obama and other Dems? And how much was used to fund Obama/Dem leaning PACs? Just wondering.

The remedy to term limits would be to stop voting them in. I agree with the ones who say we should vote out ALL incumbents. I think if that happened, then maybe the next bunch of idiots would be a little more inclined to listen to the people over the lobbyists knowing that they too would be voted out at the next election. Going forward it would send a message that no politician could serve more than one term unless they started doing their jobs, which is only to represent the people who voted for them.

The problem with that is that there are a lot of stupid people, how else would we end up with Pelosi all these years.

republicans are very forthcoming when they committ crimes...........Watergate comes to mind for an example.......<sarcasm off>

Did Nixon resign, did the rest go to prison not a very good example.

wlee,

the original thread said : "At least the Republicans dont try to cover up the misdeeds" which I had shown to be somewhat disingenious. You show even more resistance to face the truth by suggesting Dick Nixon resigned........................but only after making the hilarious "I'm not a crook" speech. He resisted all the way until the end and then found Jerry Ford who probably agreed to grant him clemency after resigning..........yeah the pubs don't try to cover up misdeeds..............hilarious

yeah the pubs don't try to cover up misdeeds

And Bill Clinton said, "I did not have sexual relationship with that woman".

marklepew, what I said is accurate, you sir are showing resistance.

wlee,

are you trying to say Nixon didn't try to cover up Watergate? He resigned only after the threat of impeachment.................that doesn't sound like "Republicans don't try to cover up misdeeds" as reported by original poster.

W,

I never made the statement .....Democrats never try to cover up misdeeds....as your fellow Pub/TP types try to proclaim about their political party. I am too much of a realist to think that.......... only a deluded individual would think their party is above reproach, much like some of the posters that have responded to me.