Jon Corzine Plays Ignorant on Missing Billion

by Ryan on December 8, 2011

in Crime,Economy,Europe,New Jersey,Politics

Former New Jersey governor, Jon Corzine, testified in front of the House Agriculture Committee today about what happened to $1.2 billion from Corzine’s failed MF Global securities firm.  In short, Corzine doesn’t know.

That’s a lot of money to lose!

Simply, MF Global bet on Europe and lost.  That’s not too odd, but Corzine should at least be up-front about what he knows — unless something sketchy was going on.  Corzine gave non-answers and ducked questions without pleading the Fifth — indications he may be saving that gem for a later date.

Both President Obama and Vice President Biden once had a lot of faith in Corzine’s economic wizardry when Corzine was ruining running New Jersey.  Now Corzine just seems like speed bump Obama’s bus will run over when the time is right.

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