Corzine Sings Same Old Tune
Former Governor Jon Corzine pretty much told Congress the same thing he told taxpayers as New Jersey’s finances were in shambles: It’s not my fault, it was like that when I got here.
As we so often heard when he was Governor, Corzine engaged in blame storming, shifting blame for any fiscal problems to someone else.
Corzine was being called to account as the former CEO of investment firm MF Global. Under his watch, MF gambled big on risky European investments, and lost. Those bad investments sunk MF into bankruptcy. More troubling is some 1-point-2 billion dollars in missing investor funds.
Looking visibly shaken, Corzine apologized to investors, customers and employees of the failed brokerage firm and told lawmakers he has no idea what happened to the $1.2 billion in missing client money, “I simply do not know where the money is or why the accounts have not been reconciled to date.”