MF Global's Corzine Continues To Get A Pass From Liberal Media

The tab for missing, improperly applied customer funds at MF Global has now risen to $1.2B, twice what was reported during the first week after the firm declared bankruptcy.

Yet, as Fox News' Charles Krauthammer observed, the liberal media continues to turn a blind eye to the potentially-criminal actions of former Goldman Sachs co-head, US Senator and New Jersey Governor Jon Corzine.

 Even CFTC chairman Gary Gensler, who recused himself on the case, has stated publicly that it looks very likely that Corzine committed criminal acts.

Yet the liberal Democrat, former Senator and Governor, is largely ignored by the New York Times, CNN and MSNBC.

Had Corzine been a Republican, you can bet he'd have been roasted, pilloried and tried in the media constantly as a criminal 1%-er.

There's your media double standard. Only, because the liberals are silent on this one, it's harder to see it for what it is.

CNBC's "Big Brother" Media

We don't need to wait for a government-controlled media to see 'Big Brother' style media in action.


Simply watch CNBC.


The network seems to be aiming to make mediocrity its watchword. Consider this morning's program.


For two hours, upward failure Jon Corzine was a guest-host. Constantly referred to as "Governor," Corzine primped and opined with an assumed wisdom which belies his actual record.


Originally a Goldman Sachs bond trader, Corzine first stumbled by trying to take the firm public when co-running the place. Although many outside the finance world don't understand, Corzine was deposed by his partners, who subsequently sold the firm to the investing public for much more than Corzine wanted, via an IPO.


From this failure, Corzine moved to ape New Jersey Senator Frank Lautenberg, promptly buying the next Senate seat up for election. Eventually tiring of serving in the minority, Corzine again showed his awful sense of timing by leaving the Senate to buy the NJ governorship just before the Democrats retook the upper chamber in Washington. So instead of chairing a Senate committee, Corzine ended up with the real headache of wrestling with the finances of his dysfunctional state. He lost re-election this past November.


Why anyone would invite this clown onto a major business cable television program is beyond me.


Joining Corzine, for 'balance,' for one segment, was Howard Dean, the failed Democratic presidential candidate.

Corzine sagely nodded his bearded head and tut-tutted over incoming House Speaker Boehner's being advised by this mornings lead staff editorial in the Wall Street Journal to lay the basis for a GOP president in 2012. Dean continued his mad-dog, illogical ranting on higher taxes.

For his part, Corizne, who claims to read the WSJ, evidently missed this editorial, and went on to claim that deficit reduction just has to include hefy tax increases- there's no other way!

You might ask yourself what a business network is doing using explicitly political icons- failed, at that- on its lead morning program? Good question.

If analysis of governmental actions and their impacts on business were the point, surely there are less-partisan, more qualified guests/hosts.

Who needs a government-run media when CNBC does the job so nicely in the private sector? Thank God you can also watch Fox News.

The Conundrum of The New Jersey Voter

It's tough to be a voter in New Jersey this year. One really feels there's no practical, quality choice in the gubernatorial election.

The Democrats are, of course, propping up failed liberal Jon Corzinne. After being kicked out as co-head of Goldman Sachs' years ago, Jon bought a New Jersey Senate seat. Tiring of that, and not expecting the Democrats to retake the upper chamber, he then bought the governor's seat.

Perhaps he thinks getting his ticket punched there, twice, gives him presidential credentials. Or maybe he's just bored with working for a living, so political elective office makes sense.

Who knows?

Either way, he's taken the wreckage left by the last governor, who resigned under an ethics cloud, and worsened it. New Jersey is probably closer behind California in its fiscal mess than most people, or state citizens, realize.

Then we have "Chris Christie."

What a guy! A product of the Christie (no relation) Todd Whitman-influenced state Republican party, he's been coached to alter his positions like a custom-made suit.

I never trust someone who flips on right-to-life issues suddenly, and without reason. Christie did this so that a pro-life stance, his original view, wouldn't hinder his chances in a solidly Blue state.

However, as an independent who registers Republican, even I can see how Christie is corrupt even before winning the governorship.

The reports of his cutting a deal to spare his brother an SEC prosecution ring true. So does his paying off Justice department cronies with no-bid contracts for outsourced legal work.

Sure, sure, he got a bunch of convictions as a federal prosecutor. Sure, so did Rudy Giuliani.

But I think the comparisons stop there.

You knew what Giuliani was for, and against, even if you didn't live in New York City. Christie merely mouths platitudes about lower taxes and spending, but offers no solid plans for such empty concepts.

This is a state in the choke-hold of lawyers, of either party, in the state legislature. It's going to take a lot to restore any shred of fiscal rectitude in the state.

Faced with these unappetizing choices, one considers the independent, Chris Daggett. Daggett actually details how he'll cut a range of taxes and extend the sales tax to more items, without raising the rate. Of course, there's no plan for spending cuts in his campaign, either.

But the real question is how to vote without feeling you've rewarded vagueness, incompetence, or corruption, or wasted your vote.

I can't vote for Corzinne. Just isn't going to happen. I never liked him or his policies, and they have demonstrably failed.

I voted for Lonnegan in the Republican primary. I don't like Christie, and I don't trust him. With only a prosecutorial career and no clear ideas on governing, voting for him is like buying a pig in a poke. And, no, I'm not poking fun at his weight or girth.

But I just have doubts about voting for Daggett. It's a classic prisoners' dilemma. If I knew a lot of other voters, disgusted with both of the other clowns, would choose Daggett, then so would I.

I mean, how much worse can things get? And several local and regional news organizations have endorsed his candidacy.

But if I vote for Daggett and Corzinne wins, then I did waste my vote.

but if I vote for Christie, I'm not voting with a clear conscience.

It's all very disturbing. A microcosm, really, of my disappointments with both parties on the national level, too.