In the article linked, we learn that “former MF Global CEO Jon Corzine has been hit by the housing crash“:
The ex-Governor of New Jersey recently sold his Hoboken penthouse apartment for $2.8 million, 14 percent less than what he paid for it in 2008, Bloomberg reports (h/t Business Insider).
. . . .
The housing crash isn’t the only crisis Corzine is dealing with, though. Corzine is coming off the bankruptcy of MF Global last fall when the brokerage firm made a failed $6.3 billion bet on European debt, losing more than $1 billion worth of customer funds. Even with that money now largely accounted for, the collapse is a major blemish on Corzine’s resume. The Obama campaign returned $70,000 worth of donations to Corzine in December as result, according to Bloomberg.
How nice to report that the Obama campaign returned that tainted money, while failing to note how energetically both Mr. Obama and his Vice President campaigned for their fellow Democrat when he unsuccessfully ran for reelection as Governor of New Jersey in 2009.
The Huffington Post’s Harry Bradford neglects to report something Jonah Goldberg covered last month, namely the Obama campaign’s then-recent announcement “that Corzine is still on the list of top-tier bundlers for the Obama reelection campaign. Corzine has raised more than half a million dollars for Obama“:
Obama is constantly denouncing “millionaires and billionaires” for playing by their own rules. It’s true that the campaign told one reporter in February that it wouldn’t take more money from Corzine himself, but it’s been happy to let the man solicit donations for Obama even as Corzine is under investigation by Obama’s own Justice Department.