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MF Global Apparently Collapsing

by: Hopeful

Sun Oct 30, 2011 at 10:33:21 PM EDT



The New York Times points to bad news for Jon Corzine's MF Global. The firm's bets on European debt have apparently not worked out well and our former governor is reportedly calling "seemingly every major Wall Street firm" looking for a rescuer to buy it. Frankly it all seems like reckless gambling to me, even if I like Corzine. We can all at least hope this is a semi-isolated problem, and not the start of another general collapse of the financial firms.
Hopeful :: MF Global Apparently Collapsing
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serves him right (0.00 / 0)
If he hadn't run for Senator, we might have been able to elect Jim Florio to that seat and if he hadn't run for Governor, Dick Codey probably would have been able to keep it.

He had the money that could have financed a progressive revolution within the Democratic Party in NJ, but instead, just reinforced the stranglehold over the party that the bosses continue to hold over it to this day.

He will probably go down in history as the richest failure in our country's history.


I do find it ironic... (0.00 / 0)
that some who now decry 'Koch Brothers' and money in politics found no issue with Corzine spending some 63 million to become elected Senator with ZERO governmental experience.

"Where ever you go, there you are." - Buckaroo Bonzai

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