Comments on: The Chicago Machine — how corrupt is it really?

By: Parkite

Parkite — Tue, 19 Feb 2013 03:17:00 +0000

In reply to pointsnfigures. JJS got a bud distributorship? License to print money.

By: pointsnfigures

pointsnfigures — Mon, 18 Feb 2013 02:34:00 +0000

In reply to JLM. Two reasons. Leading fundraiser for O. Tied into the Chicago Machine (grew up in Taylorville, IL and is an Illini and Chicago Booth grad), tied into Wall Street, and Eric Holder under orders to hold off. I know the attorney going after him with both barrels. I also know the attorney of the MF treasurer. Knowing what I know about commodities (I traded my own money for 25 yrs and was on the CME board) there is no way in hell Corzine did what he did without committing fraud. No way. I'd be shocked if I was wrong.

By: pointsnfigures

pointsnfigures — Mon, 18 Feb 2013 02:32:00 +0000

I live in Chicago. You have no idea. This barely scratches the surface. The Machine is deep. “Public private partnerships” are the rage. The private donate to the public campaigns. For eons, you want to get something done, hire the “right” insurance agent. Make sure you tip the building inspector. Make sure you cut the alderman in on the deal. Oh, need a place for a restaurant-hire the “right” real estate agent, title agency, plumber, etc. The flowers that are delivered to the political fundraiser are ordered from the correct florist. It’s a virtuous cycle where the taxpayers always get stuck with the tab. Jesse Jackson has been silent ever since he got the Budweiser distributorship that services the United Center and Wrigley Field. The Rev Jackson once was owner of most of the payday loan stores in Chicago, but you don’t hear about that. But hey, we got the toughest gun laws around. No murders here right?

By: pointsnfigures

pointsnfigures — Mon, 18 Feb 2013 02:32:00 +0000

In reply to Parkite. No chance. Protected because of color, and he knows where the bodies of a lot of people are buried.

By: Parkite

Parkite — Sun, 17 Feb 2013 20:29:00 +0000

JJJ. Not a surprise at all. Can you say entitled? I love his purchases with the stolen money. Like an 18 year old. A $40k Rolex??? I am sure JJS is crapping his pants.

By: JLM

JLM — Sun, 17 Feb 2013 03:56:00 +0000

In reply to Scott.

Well, Scott, the Big Red Car considers the undertakings of Gov Corzine and MF Global to be nothing short of miraculous. Why he has not seen the inside of a jail cell is beyond belief?

Corzine’s pursuit of his Senate seat cost a cool $68MM which he funded out of his own very deep pocket.

Something a lot of folks do not know about Jon Corzine is that while he was a force in taking Goldman Sachs, he lost in a test of wills with another famous fellow — Sec Treasury Paulson.

I think the final chapter on this crook may not yet be written.

BRC
.

By: Scott

Scott — Sat, 16 Feb 2013 23:14:00 +0000

If the BRC was blogging back in the day, it would have been fun to hear his take on how Jon Corzine oversaw the theft (ok, let’s cut him some slack and call it a transfer) of 900 million dollars of customer’s money into the void. And yet walked away smelling like a New Jersey rose. Lucky guy since most business minded folks would probably think that a theft had occurred But what’s 900 million nowadays? That’s just the food stamp budget. And it’s not like anyone bought any gold watches or forgot to take their bi-polar meds.