Political Wire

You are here: Home / Financial Markets / Corzine Resigns

Corzine Resigns

By Leave a Comment

Former New Jersey Gov. Jon Corzine (D) resigned as chairman and chief executive officer of MF Global Holdings Ltd, Bloomberg reports.

“His resignation came four days after the bankruptcy filing as the company’s bets on European sovereign debt rattled investors. U.S. regulators are investigating about $633 million missing from MF Global customer accounts.”

First Read: “Why not stick around and fix this? Why run away? Perhaps there are legal
reasons to do. Perhaps he thinks it’s the honorable thing to resign.
Maybe he was an absentee CEO and is embarrassed this happened on his
watch. Whatever the explanation, it’s not good for Corzine’s reputation.
The whole point of Corzine’s relevance in politics was his knowledge
and success of the financial world. Politicians can recover from sex
scandals because the public is willing to separate the personal flaws if
the professional work is on the up and up. Corzine’s fall may be harder
to recover from.”

FavoriteLoadingSave to Favorites

From our partner: Ground News

The Stories Missing From Your Feed

You already know the problem: the same story can look completely different depending on where you read it — and some barely show up at all because algorithms decide what you see.

My goal for Political Wire is to help you get outside those filters — to understand not just what happened, but how it’s being covered and who might be missing it. That’s why I use and recommend Ground News.

It’s an app and website that brings together global news from across the political spectrum, showing each source’s bias, factuality, and ownership.

What I find especially useful is the Blindspot Feed. It highlights stories getting heavy coverage on one side but little on the other — a quick way to see what your usual news diet may be missing.

For a limited time, get 40% off a Ground News Vantage subscription at www.groundnews.com/political.



About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

Praise for Political Wire

“There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them.”

— Chuck Todd, host of “Meet the Press”

“Concise. Relevant. To the point. Political Wire is the first site I check when I’m looking for the latest political nugget. That pretty much says it all.”

— Stuart Rothenberg, editor of the Rothenberg Political Report

“Political Wire is one of only four or five sites that I check every day and sometimes several times a day, for the latest political news and developments.”

— Charlie Cook, editor of the Cook Political Report

“The big news, delicious tidbits, pearls of wisdom — nicely packaged, constantly updated… What political junkie could ask for more?”

— Larry Sabato, Center for Politics, University of Virginia

“Political Wire is a great, great site.”

— Joe Scarborough, host of MSNBC’s “Morning Joe”

“Taegan Goddard has a knack for digging out political gems that too often get passed over by the mainstream press, and for delivering the latest electoral developments in a sharp, no frills style that makes his Political Wire an addictive blog habit you don’t want to kick.”

— Arianna Huffington, founder of The Huffington Post

“Political Wire is one of the absolute must-read sites in the blogosphere.”

— Glenn Reynolds, founder of Instapundit

“I rely on Taegan Goddard’s Political Wire for straight, fair political news, he gets right to the point. It’s an eagerly anticipated part of my news reading.”

— Craig Newmark, founder of Craigslist.