Jon Corzine is not only a disgrace, but a man that Barack Obama and his entire leftwing base tried to get re-elected in New Jersey a couple of years ago:
Jon S. Corzine told lawmakers he never intended to break any rules as head of MF Global Holdings Ltd. and doesn’t know what happened to an estimated $1.2 billion in missing client funds.RELATED: Deals of the Day: Corzine’s Loss May Be Soros’s Gain
“I’m not in a position, given the number of transactions, to know anything specifically about the movement of any specific funds,” Corzine said today at a House Agriculture Committee hearing in Washington. “I certainly would never intend to direct or have segregated funds moved.”
Under subpoena and under oath, the former Democratic senator and New Jersey governor testified on Capitol Hill for two and a half hours, repeatedly apologizing to investors, customers and employees of the failed New York brokerage.
“I simply do not know where the money is, or why the accounts have not been reconciled to date,” Corzine said. “I apologize, both personally and on behalf of the company, to our customers, our employees and our investors. I truly know that they are bearing the brunt” of the collapse.
Under repeated questioning, Corzine said that he did not knowingly authorize any movement of funds out of client accounts, and that any such transfers could have been a misunderstanding or misinterpretation of his intent.