I believe that Dirty Harry said that in one of his movies.
Today, Jon Corzine testified in Congress about the demise of MF Global. He was quoted as saying, "I simply do now know where the money is." He is referring to the 1.2 billion dollars missing from the customers' accounts at MF Global.
Some people find that surprising and frankly appalling that he does not know how he lost that much money or the status of customers' funds. Why is that surprising? He does not know where all the money of New Jersey tax payers went during his tenure as the governor of that state.
Before he was hired at MF Global, did anyone read his resume, especially the part of how New Jersey was in worse financial state as he ended his term? It is not as though he made the state more fiscally responsibile or turned a profit in that state. Everyone emphasizes the fact that he was successful at Goldman Sachs...well, that was two jobs ago. In between, he was a as United States Senator and the Governor of New Jersey. I want to point out that he did not make any of those organizations better. One can make the argument that there were 99 other Senators that he had to work with and it was diffiult, but at Goldman, there are hundreds of other partners and that is a successful company. And when he did get to run the show as the Governor of New Jersey, he did not fare any better.
Here is a guy who was just riding the wave and after it was over, it was over.
Today, Jon Corzine testified in Congress about the demise of MF Global. He was quoted as saying, "I simply do now know where the money is." He is referring to the 1.2 billion dollars missing from the customers' accounts at MF Global.
Some people find that surprising and frankly appalling that he does not know how he lost that much money or the status of customers' funds. Why is that surprising? He does not know where all the money of New Jersey tax payers went during his tenure as the governor of that state.
Before he was hired at MF Global, did anyone read his resume, especially the part of how New Jersey was in worse financial state as he ended his term? It is not as though he made the state more fiscally responsibile or turned a profit in that state. Everyone emphasizes the fact that he was successful at Goldman Sachs...well, that was two jobs ago. In between, he was a as United States Senator and the Governor of New Jersey. I want to point out that he did not make any of those organizations better. One can make the argument that there were 99 other Senators that he had to work with and it was diffiult, but at Goldman, there are hundreds of other partners and that is a successful company. And when he did get to run the show as the Governor of New Jersey, he did not fare any better.
Here is a guy who was just riding the wave and after it was over, it was over.
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