New York Dems Face More Scandals in State Senate

From the Washington Free Beacon Staff, on May 7th, 2013.  The arrest of New York State Democratic Sen. John Sampson is the latest scandal to rock the Democratic caucus in the state Senate, reports the New York Times:

The arrest on Monday of Senator John L. Sampson of Brooklyn, who was charged with embezzlement and other crimes, was the second time in barely a month that a former leader of the Senate Democratic caucus was accused of corruption by federal prosecutors. The senator whom Mr. Sampson succeeded in 2009 as Democratic leader, Malcolm A. Smith of Queens, was charged last month with trying to bribe his way onto the ballot for mayor of New York City.

But his arrest is another embarrassment for the scandal-plagued Senate Democratic caucus, and it appears likely to provide additional ammunition to Republicans, who have argued in past campaigns that Democrats cannot be trusted to run the chamber.

Several former Senate Democrats made news in the past for scandals involving the use of taxpayer money to pay for takeout sushi and shopping trips.

What the hell is up with New York Democrats?  Oh I get it, they are setting the standard for the rest of the Democrats in the State Legislatures!

Jon Corzine MF - MF Global That Is

From an article titled "2011′s Executive Compensation Highlights (and Lowlights)" by Daniel Gross on Yahoo! Finance

What the MF? Jon Corzine, former Goldman Sachs top dog, former Senator, former New Jersey Governor, was already a very rich man before he joined financial services firm MF Global as CEO. But he aimed to increase his fortune further by having MF Global put on insanely leveraged trades on European sovereign debt. The trades, of course, blew up in his face, plunged MF Global into bankruptcy, and have launched a slew of investigations. As Leder point outs, it's possible that Corzine's attention in the spring of 2011 was somewhat diverted. As a filing detailed, Corzine was spending time. . . . renegotiating his compensation package.

Months before the company blew up, MF Global agreed to pay Corzine a $1.5 million retention bonus on March 31, 2014 (or whenever he left the job), provided he didn't quit without a good reason or get fired for cause. And, Footnoted.com noted, a
broadly written escape clause would have allowed him to receive at least partial payment if he quite without 'good reason.' If only Corzine had paid as much attention to the billions of dollars MF was handling as he was to the paltry million or so he was haggling over.

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Economic Marshall Law” Is Coming in 2012: Interview with Gerald Celente