Last week, former New Jersey governor and ex-Goldman Sachs CEO Jon Corzine resigned from MF Global, the financial firm he founded and drove into bankruptcy. On tonight's Daily Show, Jon Stewart reviewed Corzine's spectacular downfall step by step to show just how egregious Corzine's actions really were.
Is there anything more satisfying than watching the ongoing implosion of Jon Corzine, a filthy rich privileged putz who thought his wealth entitled him to run the state of New Jersey, but who got tossed out of office by a fat man and went on to drive a derivatives firm into bankruptcy and criminal investigations? No, there is nothing more satisfying. Nothing.
There's no better argument against the privilege of wealth than Jon Corzine, the clownish former Goldman Sachs CEO who thought his facility for extracting money from a rigged financial game entitled him to run the state of New Jersey. After getting roundly rejected by voters after one term, he got a job from a friend running derivatives firm MF Global. Yesterday it went bankrupt. And today we learned that he's lost $700 million of his clients' money.