Wall Street titans, who make the move to government after serving on the boards of our nation's largest corporations, may not have the public's best interest at heart. There are those who serve time in government, then move back to Wall Street. How reputable could we expect a powerful individual to be who has experience with both?
Jon Corzine, former CEO of Goldman Sachs, served in the senate and as governor of New Jersey, before making his way back to Wall Street. His most infamous endeavor is likely his current one as CEO of MF Global. The company's recent collapse is under investigation by SEC and the FBI. In an attempt to save themselves, billions of dollars were transferred out of customer accounts. MF Global filed for Chapter 11 in October of 2011.
Corzine was preceded by Henry Paulson as CEO of Goldman Sachs in 1999. Paulson later made the move to Treasury Secretary during the Bush administration. In 2008, the Paulson Plan was rolled out. His previous position as CEO of Goldman Sachs could be considered a conflict of interest. Some have accused him of being a Wall Street insider, as Goldman Sachs benefited the greatest from the AIG bailout. Alongside Ben Bernanke, Paulson had a great influence on the bailout of AIG.
Chris Christie preceded Corzine as governor of New Jersey. Christie has been accused of misusing his position when he awarded a "no bid contract" to a former US Attorney who investigated Christie's brother in a fraud case with Wall Street firm, Spear, Leads and Kellogg. One could assume the attorney had earned that contract by choosing not to prosecute Christie's brother.
These three powerful men certainly fit the original line up of the "Clash of the titans" American Carnage tour. "Slayer"―Corzine, brought ruin to MF Global. "Megadeath" ―Paulson, who is familiar with dealing in units has seen to the death of millions of units. "Anthrax"―Christie, not completely understood, but thousands of cells can fit into a single pinhead. Keep an eye on Wall Street and the return of the titans.
Jon Corzine, former CEO of Goldman Sachs, served in the senate and as governor of New Jersey, before making his way back to Wall Street. His most infamous endeavor is likely his current one as CEO of MF Global. The company's recent collapse is under investigation by SEC and the FBI. In an attempt to save themselves, billions of dollars were transferred out of customer accounts. MF Global filed for Chapter 11 in October of 2011.
Corzine was preceded by Henry Paulson as CEO of Goldman Sachs in 1999. Paulson later made the move to Treasury Secretary during the Bush administration. In 2008, the Paulson Plan was rolled out. His previous position as CEO of Goldman Sachs could be considered a conflict of interest. Some have accused him of being a Wall Street insider, as Goldman Sachs benefited the greatest from the AIG bailout. Alongside Ben Bernanke, Paulson had a great influence on the bailout of AIG.
Chris Christie preceded Corzine as governor of New Jersey. Christie has been accused of misusing his position when he awarded a "no bid contract" to a former US Attorney who investigated Christie's brother in a fraud case with Wall Street firm, Spear, Leads and Kellogg. One could assume the attorney had earned that contract by choosing not to prosecute Christie's brother.
These three powerful men certainly fit the original line up of the "Clash of the titans" American Carnage tour. "Slayer"―Corzine, brought ruin to MF Global. "Megadeath" ―Paulson, who is familiar with dealing in units has seen to the death of millions of units. "Anthrax"―Christie, not completely understood, but thousands of cells can fit into a single pinhead. Keep an eye on Wall Street and the return of the titans.
