President Obama is desperately putting his Wall Street stock in an unlikely old buddy.Corzine was exposed as a system QB after leaving Goldman, and I don't think he has much influence for raising funds. But I shudder to think about him as our next CEA chair, Treasury Secretary, or gulp Fed chair. Image link here.
The beleaguered president has recruited former Goldman Sachs head honcho Jon Corzine to shore up re-election funds from the banking industry, which is furious over Obama's financial regulations.
Corzine, the former governor of New Jersey who was blasted out of office by Republican Chris Christie in 2009, has attended secret meetings with the president and has been working on Obama's 2012 campaign for months, The Post has learned.
The Democrat, who now leads Manhattan-based brokerage MF Global, has been tasked with scraping up the very little banking-industry support Obama can still get.
Tuesday, July 05, 2011
I am unsure if this is good news or bad
Josh Margolin reports, via Bess Levin: