The View From 1776
Monday, October 31, 2011
Schadenfreude is not an admirable emotion. But Jon Corzine deserves his misfortune.
As a Goldman Sachs partner he became immensely wealthy, as did his colleague Robert Rubin, who became Treasury Secretary under President Clinton. Mr. Corzine became a United State Senator, a role in which he did his best to further our national bankruptcy with liberal-progressive-socialist deficit spending. Later, as governor, he essentially bankrupted the state of New Jersey.
Now, displaying the same degree of imprudence, he has driven MF Global, his broker-dealer firm, into bankruptcy. At least he has finally done to his own money what he did his best, as a leading liberal-progressive, to do to the rest of us.