Surprise! Obama Still Pocketing Corzine Cash

Posted by on Dec 26, 2011 at 8:54 am

Figures that Friday news dump was just some chump bait after all. Does it really come as an surprise Obama still has his hands out for some of that Corzine cash?

President Obama is trying to put some distance between himself and the wreckage of bankrupt brokerage MF Global. But not too much distance.

After returning more than $70,000 to Jon Corzine, the CEO who led MF Global into bankruptcy, the president’s re-election organizations are still hanging onto nearly $150,000 connected to the firm, The Post has learned.

An Obama campaign official said no MF Global donations besides Corzine’s have been refunded. “Contributions will be reviewed on a case-by-case basis, and if the facts merit it, they will be returned,” the official told The Post.

Late Friday, aides revealed that Obama had given in to Republican pressure and returned to Corzine the money the former New Jersey governor and his wife gave to the re-election campaign and the Democratic National Committee. The move was an effort by the president to distance himself from the scandal that has erupted in the wake of MF Global’s meltdown.

Before the MF Global episode, Corzine had been a key figure for Wall Street contributions to Obama and was openly being considered for the top spot at the Treasury Department in a second Obama term.

Corzine is not the only connection between MF and Obama. Three other MF honchos, including Corzine’s second-in-command, Brad Abelow, and his wife have given $5,000 to the president’s re-election campaign and another $30,800 to the DNC.

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5 Responses to “Surprise! Obama Still Pocketing Corzine Cash”

  1. Don on 26/26/11 at 12:51 pm

    It’s going to take the whiz kids some time to figure out how to launder that $1.2 billion and manage to get it into Obama’s campaign fund, but I’ll bet they have their best minds working on it.

  2. PTL on 26/26/11 at 1:39 pm

    Must be very hard to get fingerprints off those Benjamins.
    You really expected the Chicago mob to return money? Hey,
    they worked hard for it.

  3. Patentlee on 26/26/11 at 4:25 pm

    Under Section 547 of the Bankruptcy Code, if MF itself contributed to Obama or any other oganization within three months prior to filing its bankruptcy petition, the receipient must return it. That may be what’s going on here.

  4. Texas Charlie on 29/29/11 at 1:41 pm

    An appropriate photo. “I didn’t get all of that, Jon. Please tell me again where can I find that big stash of cash?”