LOS ANGELES, November 8, 2011—Wall Street corruption and greed does exist, and leftists are sanctioning it, engaging in it, and blaming conservatives for it.
When Barack Obama began flogging “Wall Street fat cats” and “hedge fund managers” in his speeches, it gave the green light for what would become the violent community organization known as Occupy Wall Street. Yet what will soon become apparent is that the movement was never intended to be financial. It was entirely ideological.
In short, liberals would be given a free pass while conservatives would be burnt at the stake.
Many Occupiers claim that Wall Street received special treatment. That those who caused the financial meltdown deserve to be tarred and feathered. Yet when actual names are named, liberals go silent when they realize that the evil corruption they rail against can be located in the political mirror.
Democrats Christopher Dodd and Barney Frank were at the epicenter of the 2008 economic collapse. They have never nor will they ever be held accountable. Christopher Dodd retired rather than face questions about his sweetheart deals with Countrywide. As for Barney Frank, several crimes have been committed in his very home, from prostitution to drug running. He has always claimed ignorance.
Mr. Frank admitted that he had “ideological blinders” on when dealing with Fannie Mae and Freddie Mac. Yet Mr. Frank still has his job, and former Fannie Mae CEO Franklin Raines was given a platinum parachute of over 90 million dollars.
Yet these men are never criticized. Mr. Frank happens to be gay and Mr. Raines happens to be black. They are both liberals. Scrutiny would be homophobic and racist, respectively.
One man who has spent his life in the financial services industry profiting off of human misery is George Soros. Mr. Soros trades currencies. To be more specific, he destroys currencies and profits off of that destruction. He is a convicted felon as a French court found him guilty of insider trading. Mr. Soros has never been held accountable. Mr. Soros is a leftist. He funds liberal causes worldwide. He is therefore above the scrutiny that would come to a conservative.
When liberals complain about Wall Street corruption, and how the rich should “pay their fair share,” why do they never seem to mention current Treasury Secretary and tax scofflaw Timothy Geithner? When combining him with Claire McCaskill, Charles Rangel, Kathlees Sebelius, and Hillary and Bill “Whitewater” Clinton, it is no wonder liberals favor higher taxes.
They don’t pay them.
Yet no list would be complete without one of the very worst men to ever enter Wall Street and the political arena, Jon Corzine. Mr. Corzine is everything the left should despise, if only rational thought and logical reasoning were part of their intellectual calculus.
Mr. Corzine was the Chairman of Goldman Sachs until he was fired. This billionaire Wall Street executive then decided that he was a Socialist, and that he would foist his “progressive” agenda on New Jersey. He became the governor, and his reign of error was one corruption scandal after another.
He was caught driving 91 mph when he was involved in a car crash. That resulted in injuries. He was not punished.
He was caught hiring his lover and putting her on the payroll. He was not punished. Ironically his predecessor Jim McGreevey committed the same act and was punished. Mr. McGreevey was gay, yet did gay advocates point out this hypocrisy as Mr. Corzine skated? They said nothing. Being a leftist meant a free pass from criticism.
Yet being a failed leader is not a crime in itself, and Governor Corzine was fired and replaced with superstar Chris Christie. Yet Mr. Corzine could not leave well enough alone. His reward for failing to keep the board happy at Goldman Sachs led to him being the chief executive of a state. His failure as a political leader led to his being named the head of MF Global. This guy may be the luckiest executive since Dilbert’s boss. He keeps bungling his way higher.
So what has happened since MF Global took over? Naturally Mr. Corzine has played a major role in leading it down the road to ruin and possibly creating another financial crisis.
MF Global used to make most of its money through fees and commissions. Brokerage services of client accounts paid the bills. In 2010 Mr. Corzine decided to change the business model to make it much more aggressive in what is known as proprietary trading. This meant that large bets would be placed using the firm’s capital. Mr. Corzine bet on European bonds against the wishes of his advisers (Mr. Corzine has a history of being a lone wolf), and he lost.
To say “he” lost would be inaccurate. MF Global lost, and is now desperate to find a buyer as clients flee the firm. If the company collapses, Mr. Corzine will come hat in hand to his ideological soulmate President Barack Obama seeking a bailout.
This is what happens when liberals are allowed anywhere near Wall Street. Taking people who have no clue about money and entrusting them to handle money is insane. Allowing avowed Socialists to play a major role in the capitalist system is worse than letting the fox guard the hen house. It is more like asking hens to survive by caring for foxes.
Liberals love wailing about Wall Street because Wall Street is inaccurately seen as “Republican.” Wealthy industries associated with liberal Democrats, such as Hollywood, are never given the same level of scrutiny.
Back in 1994 liberals across America chanted with glee when ultra-conservative Orange County, California, went bankrupt. Those evil white Christian Republicans mismanaged their money. Yet Orange County Treasurer Robert L. Citron was a Democrat. His big bets involving complex (at the time) derivatives not only ruined his county’s bond rating from AAA to C status, but it nearly brought down Merrill Lynch.
This is what happens when liberals are allowed anywhere near financial matters. Yet none of these liberals have ever been associated with corporate greed. None of them have had their homes marched on. There are no protest movements against these people. There are no indictments, and no arrest warrants.
Letting Jon Corzine anywhere near a financial services firm borders on insanity. Yet while Occupy Wall Street protesters try to blame the previous Republican administration, the very greed they claim to care about is happening right before our very eyes in calendar year 2011 by Jon Corzine.
Yet like every other uber-wealthy leftist, Jon Corzine will never be held accountable no matter how many innocent MF Global clients get hurt by his hubris.
After all, the entire OWS movement was never about honesty and fairness. It is about ideological purity. Like Mr. Soros, Mr. Corzine fits the politically correct narrative. Those left behind to endure the suffering from Mr. Corzine’s recklessness were never cared about to begin with.
Brooklyn born, Long Island raised, and now living in Los Angeles, Eric Golub is a politically conservative columnist, blogger, author, public speaker, satirist and comedian.
Eric is the author of the book trilogy “Ideological Bigotry, “Ideological Violence,” and “Ideological Idiocy.” Eric is 100% alcohol, tobacco, drug, and liberalism free. After years of dating liberals, he has finally seen the light and now only dates Republican Jewish women. His family is pleased over this. Republican, Jewish women, you may contact Eric above.
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Eric Golub is an independent writer for the Communities. Read more from Eric at his TYGRRRR EXPRESS blog.
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