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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: d[-_-]b who wrote (162379)	10/3/2009 11:49:38 AM
From: TideGlider	Read Replies (2) \| Respond to of 173976

i LOVE THAT TERM LOL

To: d[-_-]b who wrote (162379)	10/3/2009 3:43:37 PM
From: SeachRE	Respond to of 173976

Welcome back, dweeb. Long time...

To: d[-_-]b who wrote (162379)	10/4/2009 10:03:27 PM
From: Hope Praytochange	2 Recommendations Respond to of 173976

Corzine’s Wall Street Résumé Loses Value for DAVID KOCIENIEWSKI Published: October 4, 2009 When Gov. Jon S. Corzine crossed from the gilded halls of Goldman Sachs to the gritty trenches of New Jersey politics, his Wall Street pedigree was an incalculable advantage that served as the very basis for his candidacy. Opponents would raise questions about his inexperience, business dealings and liberal political positions. But with the world in the midst of an unprecedented economic boom, voters were so intrigued by the fortune Mr. Corzine had amassed that many were willing to gamble that his Midas touch might revitalize New Jersey’s finances, too. Today, New Jersey’s economy is reeling, Goldman Sachs’s luster has dulled and Mr. Corzine’s greatest asset has become a political liability as he struggles to keep his job in November’s election. Goldman has been particularly vilified in the minds of many people as a Wall Street behemoth that leveraged the influence of its lobbyists and former executives to curry political favor and that used government bailout payments to boost its profits. A recent article in Rolling Stone magazine branded Goldman “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” “Goldman right now, to its detriment, is equated with Wall Street and Washington walking hand in hand, and there’s a widespread suspicion that it’s a conspiratorial relationship,” said Charles Geisst, a Wall Street historian and the author of “Collateral Damaged.” “There’s a sense that because of its power and connections, when the economy finally clears up, Goldman will benefit from that before the rest of the country.” But one of Mr. Corzine’s biggest setbacks — his attempt to raise billions by selling and then leasing the New Jersey Turnpike — failed, in part, analysts say, because he tried to pitch it using an inscrutable and uninspiring Wall Street term: asset securitization. With New Jersey’s unemployment rolls higher than they have been in decades and many voters skeptical about the financial services industry’s role in the economic collapse, Mr. Christie has been aggressively reminding the public about Mr. Corzine’s past. “He promised he was going to bring Wall Street to State Street,” Mr. Christie said at a recent campaign appearance in Orange. “He sure did: the same fiscal mismanagement that sent our economy into disaster.” The Christie campaign has also accused Mr. Corzine of cronyism, charging that his administration, which appointed three executives with ties to Lehman Brothers to the State Investment Council, lost $20 million by investing pension funds in Lehman three months before the firm went bankrupt.