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How Economic Problems Perpetuate, Part XXIV

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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

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Hypocrisy legacy, part XXIV: Obama was for gerrymandering before he was against it

January 19, 2017 07:55 AM by Doug Powers

hypocrisy

Gerrymandering is “bad for our democracy”… now.

Confirmed: Obama saved the best material for his final news conference

January 18, 2017 04:46 PM by Doug Powers

laughing

Good stuff

Outgoing uber-partisan president was surprised & disappointed by all the partisanship in DC

January 16, 2017 04:30 PM by Doug Powers

micdrop

Leaving office with sense of humor firmly intact


Categories: Barack Obama, Feature Story, Media Bias, Politics

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