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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review April 25, 2012/ 3 Iyar, 5772

Obama's tainted bundler

By Jonah Goldberg




http://www.JewishWorldReview.com | Jon Corzine left Goldman Sachs with a net worth far exceeding even that of Mitt Romney today. Many accounts of his tenure at Goldman suggest he "failed up" the corporate ladder.

Pushed out of Goldman in a power struggle (sparked in part by his support for a government bailout of Long-Term Capital Management), he nonetheless pocketed somewhere between $350 million and $500 million when the company went public. He used the cash to buy himself a Senate seat, spending $62 million out of his own pocket.

After the Senate, he spent nearly $40 million of his own money to win the New Jersey governorship. While he was running for senator, the married-but-separated Corzine struck up a romantic relationship with Carla Katz, also married and head of Local 1034 of the Communications Workers of America. They broke up in 2004, but the flirting apparently never ended. In 2007, Katz and Corzine were both involved in negotiations over a state workers contract. In one email during that time obtained by the Newark Star-Ledger, Katz informs the governor, "BTW, I had an over the top erotic dream about you last night. Bad boy!!"

Bad boy indeed. When the couple broke up, and after her union had endorsed Corzine and worked for his re-election, the governor's lawyers negotiated a settlement whereby he reportedly paid Katz more than $6 million and forgave a half-million-dollar loan he made to her when they were still an item.

When Corzine ran for re-election as governor, both President Obama and Vice President Joe Biden stumped for him. Biden explained that from the moment he and the president sat down to figure out their economic strategy, "Literally, the first guy I called was Jon Corzine. It's not a joke. It's not a joke. First of all, he's the smartest guy I know in terms of the economy and on finance, and I really mean that."

Despite that ringing endorsement, Corzine lost his 2009 re-election bid to reformer Chris Christie. So Corzine went back to Wall Street, as chief executive of MF Global Holdings, a bond trading firm. A research note from the firm of Sander O'Neill Partners summarized what the Street expected from Corzine: "We suspect that his contacts in Washington could prove useful as MF Global navigates a shifting regulatory environment."

Corzine proceeded to do exactly the sorts of things Wall Street has become infamous for: making crazy bets with other people's money, counting on governments to bail out the private sector and, allegedly, expecting to get friendly treatment from regulators. Gary Gensler, chairman of the Commodity Futures Trading Commission, was an old friend and colleague of Corzine's at Goldman Sachs and in Washington. Gensler had been a key aide to Sen. Paul Sarbanes and had reportedly worked closely with Corzine writing the Sarbanes-Oxley bill. At MF Global, under Gensler's watch, Corzine bet more than $6 billion on the European sovereign debt crisis, using borrowed client money. MF Global also apparently commingled client and company funds to pay off financial obligations, which is illegal.

Under Corzine, MF Global lost well over $1 billion, and I don't mean in the profit/loss sense. I mean it was physically misplaced and Corzine cannot account for where it went. The Justice Department is investigating, and news media accounts suggest a criminal prosecution is likely. Somewhat better late than never, Gensler recused himself after MF Global went bankrupt.

So, why the trip down memory lane? Because the Obama campaign just announced that Corzine is still on the list of top-tier bundlers for the Obama re-election campaign. Corzine has raised more than half a million dollars for Obama.

Obama is constantly denouncing "millionaires and billionaires" for playing by their own rules. It's true that the campaign told one reporter in February that it wouldn't take more money from Corzine himself, but it's been happy to let the man solicit donations for Obama even as Corzine is under investigation by Obama's own Justice Department. How cozy.

Tell me, what's the point of the Occupy Wall Street movement, and its countless sympathizers in the Democratic Party and the media, if that's good enough? Whatever happened to changing how Washington works?

We're about to enter a very long campaign in which where an apparently squeaky-clean Mitt Romney is going to be demonized for his success and dragged through the gutter. Meanwhile, Obama took cash from a true denizen of the gutter.

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