John Corzine and his Golden Parachute

First the Nation suffered from the Chris Dodd-Barney "Mumbles" Frank cover of bundled junk mortgages from Fannie Mae and Freddie Mack and dump truck loads of taxpayer money wasted for bailouts.....now we have another east coast Democrat, former NJ Governor John Corzine, now an executive of MF Global, no where to be found after after MF Global admits to using client's money to cover it's financial troubles after European debt problems caused a multi-billion dollar loss.

It is, of course, against the law for securities firms to pool clients' money and company money. They are require by law to keep them in separate accounts. Now it is reported that hundreds of millions of dollars of customer's money have gone missing from the brokerage firm.

Corzine, 64, who once ran Goldman Sachs before becoming a U.S. senator and then governor of New Jersey , had been taking big risks on trades and European debt and was exposed after failing to find buyers for this debt, primarily in Italy , Spain and Portugal . Initially it was reported that over $950 million was missing, but the the latest figure, said to be more accurate is closer to $700 million....boy! that's a relief!!

MF Global filed for bankruptcy earlier this week and now many media outlets are reporting the Corzine is getting a $12 million dollar bonus for his excellent work. Hey, Occupy Wall Street protestors,....got a better address for your protests!

It is just ludicrous that the Democrats are painting this as a Republican problem. Here's a clue,......Barney Frank,.....Chris Dodd,..Barack Obama,......John Corzine,......are all Democrats!