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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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Loretta Lynch regrets meeting with Bill Clinton and wouldn’t do it again, especially knowing she might get caught

July 1, 2016 04:21 PM by Doug Powers

right

She did nothing wrong and promises never to do it again

Dozens dead after (omitted) attacks airport in Istanbul, Turkey

June 28, 2016 10:50 PM by Doug Powers

istanbu;

That damn NRA’s going global

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June 24, 2016 09:18 PM by Doug Powers

deblasio

Unfortunately there’s no amnesty from the BS


Categories: Barack Obama, Corruption, Democrats, Immigration

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