Renewed Hope that Jon Corzine, President Obama’s Top Tier Campaign Bundler, Will Face Criminal Charges-Tavakoli
Tavakoli, one of few that understands derivatives and true finance, has delivered many good articles on the MF Global situation. Here is the latest on MF Global and John Corzine, via Huff Post.
Up until now, President Obama’s campaign has given the appearance of an endorsement of Jon Corzine, the former CEO of MF Global, a former New Jersey governor, a former New Jersey U.S. senator and major campaign contribution bundler for President Obama. At least this is the interpretation of many who viewed the list (as of April 30, 2012) of President Obama’s money raisers through the first quarter of 2012. With no clarification or footnote, Jon Corzine is shown as having raised more than $500 thousand in the roster of 2012 Volunteer Fundraisers. The re-election campaign has not disclosed the exact number. I requested further information from the campaign and received this response:
“Corzine’s money was returned but the money he raised a year ago was not and thus it qualifies him to be on the bundler list. He is not part of the campaign any longer, this [Obama for America and Obama Victory Fund 2012 Volunteer Fundraisers] list is cumulative.”
That may be. The campaign responded it told the press this in January, and the press has forgotten. Really? It told the press in January and now the campaign is blaming the press for its interpretation of a list released in April titled “2012 Volunteer Fundraisers.” If the campaign wants to eliminate ambiguity, it can put it’s assertion that Corzine “is not a part of the campaign any longer” on the list in writing for all to see. But that would make it clear it is distancing itself from Corzine. It seems to me that President Obama’s campaign is trying to have it both ways: deniability as it gives the appearance of support for Jon Corzine. Both President Obama and Vice President Biden have publicly praised Corzine during Corzine’s previous campaigns:
The man the myth, John Corzine, video below. Full article here.