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Editorial
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Title: Where in the World Is Jon Corzine? CNBCCNBC – 3 hours ago
Source: [None]
URL Source: http://finance.yahoo.com/news/where-world-jon-corzine-175229463.html
Published: Dec 1, 2011
Author: http://finance.yahoo.com/news/where-worl
Post Date: 2011-12-01 16:55:26 by tom007
Keywords: None
Views: 250
Comments: 7

Where in the World Is Jon Corzine? CNBCCNBC – 3 hours ago

1 Email Print

When was the last time anybody saw Jon Corzine?

For several days following the bankruptcy of MF Global, Corzine was regularly appearing in the office. Sources at MF Global told me he spent his days in conference rooms with teams of lawyers and accountants. Then he abruptly resigned as chief executive.

And for his next act, he vanished.

Corzine is not an ordinary chief executive. As a former US Senator and former Governor of New Jersey, he is a public figure. He was even under consideration to be the next Treasury Secretary.

As one of the few people who can answer questions about what happened to MF Global-how it went from a healthy midsized commodities brokerage to a fatality-Corzine should be in front of the public offering explanations. He used publicity to climb his way to the top of America's power-structure, and now he's trying to hide. This seems unfair.

The explanation, no doubt, is that his lawyers have told him to keep quiet. They realize that there is a very high risk that civil and criminal cases may be filed against Corzine. As they say on the cop shows, anything he says can and will be used against him.

This strategy may protect Corzine legally. But it won't save his reputation.

Every day of silence, every day of invisibility, just adds to the public impression that Corzine is not an honorable man.

The legal system may have to presume people innocent until proven guilty. It may have to promise not to hold silence against the accused. But ordinary thinking people are under no such constraints.

Corzine may be able to hide from cameras. Perhaps even from the Senate's panel investigating the collapse of MF Global. But he can't hide from public suspicion. And silence will never save his reputation.

Questions? Comments? Email us at NetNet@cnbc.com

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#1. To: tom007 (#0)

On AJ's show today, Max Kaiser wished a FATWAH on Corzine several times.

Break the Conventions - Keep the Commandments - G.K.Chesterson

Lod  posted on  2011-12-01   16:59:10 ET  Reply   Trace   Private Reply  


#2. To: Lod (#1)

Bet he said it like he meant it.

"Satan / Cheney in "08" Just Foreign Policy Iraqi Death Estimator

tom007  posted on  2011-12-01   17:08:33 ET  Reply   Trace   Private Reply  


#3. To: tom007 (#2)

He would have pulled the trigger himself.

Break the Conventions - Keep the Commandments - G.K.Chesterson

Lod  posted on  2011-12-01   17:31:30 ET  Reply   Trace   Private Reply  


#4. To: Lod (#3)

Like a lot of his clients, errr, victims.

"Satan / Cheney in "08" Just Foreign Policy Iraqi Death Estimator

tom007  posted on  2011-12-01   19:12:33 ET  Reply   Trace   Private Reply  


#5. To: tom007 (#0)

Where in the World Is Jon Corzine?

He's on an island with Ken Lay sipping cocktails.

" If you cannot govern yourself, you will be governed by assholes. " Randge, Poet de Forum, 1/11/11

"Life's tough, and even tougher if you're stupid." --John Wayne

abraxas  posted on  2011-12-01   19:44:33 ET  Reply   Trace   Private Reply  


#6. To: tom007 (#0)

In 2007 Corzine was involved in a serious accident when his driver, a NJ State Trooper rolled the governor's hard car SUV. Corzine wasn't wearing a seat belt.

It may not be made public but he has a built-in defense-a whisper campaign for his DEM politician and judge buddies. If they leak it that Corzine's in Sweden undergoing experimental treatment for "penile fracture" he'll immediately win the sympathy of all other men in power and he won't have to answer for anything.

HOUNDDAWG  posted on  2011-12-01   19:44:53 ET  Reply   Trace   Private Reply  


#7. To: tom007 (#0) (Edited)

Every day of silence, every day of invisibility, just adds to the public impression that Corzine is not an honorable man.

LOL!

He's probably at his estate in the Cook Islands. They all have estates there, don't they?

ratcat  posted on  2011-12-01   22:24:40 ET  Reply   Trace   Private Reply  


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