Did You Know...

   

How Economic Problems Perpetuate, Part XXIV

Share
By Doug Powers  •  November 13, 2011 11:08 AM

**Written by Doug Powers

MF Global, the securities fun led by Jon Corzine, recently declared the eighth largest bankruptcy in US history and is now said to be the subject of an FBI investigation. Hundreds of millions of dollars remain unaccounted for. The bankruptcy was preceded by high risk-taking, a credit downgrade to junk status, heavy debt and the company allegedly used money from client accounts. As a result, last week, over a thousand people lost their jobs without severance and 150,000 accounts are frozen.

Rewind the tape a couple of years: In 2009, Joe Biden said that the first thing the Obama administration did about the banking crisis when they took office was to… call Jon Corzine for advice.

This clip could be coming soon to a Republican presidential candidate’s ad near you:

Thank you, Mr. Vice President — that helps clear things up.

(h/t Breitbart.tv)

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

Banned from entering the US? Try making some generous campaign contributions

December 17, 2014 08:55 AM by Doug Powers

drebin1

Nothing to see here

Priorities: Obama admin tasks healthcare facilities with focusing more on … climate change

December 16, 2014 10:05 AM by Doug Powers

gorebear

The doctor is: In

Now how about a report about how many Dems already knew about the CIA’s interrogation techniques?

December 14, 2014 11:46 AM by Doug Powers

nanpelosi-1

She was “fully aware.”

If you like your Slurpee, you can keep your Slurpee: Obamacare ads coming to 7-Eleven receipts

December 12, 2014 01:13 PM by Doug Powers

receipt

Resistance is futile


Categories: Barack Obama, Health care, Politics

Follow me on Twitter Follow me on Facebook