The beleaguered president has recruited former Goldman Sachs head honcho Jon Corzine to shore up re-election funds from the banking industry, which is furious over Obama's financial regulations... The Democrat, who now leads Manhattan-based brokerage MF Global, has been tasked with scraping up the very little banking-industry support Obama can still get. Success could resuscitate his political career with a top post -- such as treasury secretary or a key ambassadorship -- if there is a second Obama term. Obama campaigned heavily for Corzine in his failed re-election bid, calling him "our Wall Street guy." (h/t
Jammie Wearing Fool) the media is reporting the downfall of Jon Corzine's MF Global, you wouldn't even know Corzine's a Democrat, let alone one of
Obama's top campaign honchos. So it's worth noting
this story from July. Corzine's former stenographers at the
Star Ledger
are crestfallen over the downfall of the guy they shamelessly supported
while he was buying a Senate seat and later the governorship. Laughably, in his support they trot out corrupt former Senator Bob Torricelli, who was forced from office back in 2002. Former
U.S. Sen. Robert Torricelli, who was close with Corzine, said the
former governor has had his share of troubles over the years.
"Jon has suffered a series of very difficult professional blows, and I know professional difficulties affect him deeply and personally,’’ he said. "The wound of being fired from Goldman Sachs never healed."
