Corzine’s Obama Clause

[nutmeg]

Ya'll think Corzine replaces Geithner?



"..... futures broker sold $325 million of five-year unsecured notes, the company said today in a statement. The notes will pay an extra percentage point of interest if Corzine is named to a federal post and confirmed by the Senate before July 2013, New York-based MF Global said yesterday in a regulatory filing."


“We believe Corzine is worth more than a 100 basis-point increase,”

cont on link..

http://www.bloomberg.com/news/2011-...ains-credulity-on-wall-street.html?cmpid=yhoo

 

[Random.Capital]

That...doesn't smell right at all.

 

[ChkitOut]

well, if the usa is destined to resemble new jersey well.... yikes!

 

[377OHMS]

He can't even remember to buckle his seatbelt. What a putz.

So, yeah, he'll replace Geithner.

 

[JamesL]

A Treasury Secretary from the bowels of Goldman? Hmm...

 

[efficiency]

Second Goldman Sachs almuni in less than a half decade. Hanky Panky Paulson let Lehman fail (but bailed out anybody else that requested).

1. That's bullshit.

2. 100 basis point clause IF Corzine replaces Geitner is utter bullshit.

3. Treasury secretary is an unelected appointed cabinet position that impacts you and I. Also bullshit.