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

Obama: U.S. not losing to ISIS, but definitely getting pushed around by ‘climate change’

May 21, 2015 08:21 PM by Doug Powers

obamaclosing

Kool Aid is for closers

As ISIS overruns Anbar province in Iraq, Obama stays focused on the real threat

May 20, 2015 07:55 AM by Doug Powers

obamagore

Is it hot in here or are they crazy?

According to Obama, he contributes to ‘less opportunity’ for kids

May 12, 2015 08:48 PM by Doug Powers

privateschool

Hypocrisy stimulus


Categories: Barack Obama, Politics

Follow me on Twitter Follow me on Facebook