Q. (By the chairman): Mr. Corzine, you understand that you have the right to remain silent and refuse to testify before this committee?Reading William Cohan's Money and Power last Spring--i.e., long before the current uproar went viral--I got the distinct sensation that Corzine was an accidental man, a loose cannon, an empty suit. There has to be a reason why he was whisked ouf ot Goldman so briskly and efficiently.
A. (Mr. Corzine): Mr. Chairman, I do not choose to hide behind the Fifth Amendment. I want to give this committee a complete account of the situation, and I am ready to answer any and all of your questions.
Q. We appreciate your forthrightness and candor. In that connection it appears that $1.2 billion of your clients' money has gone missing. Can you tell the committee what happened to it?
A. I am sorry, Mr. Chairman, but I don't have the faintest idea.
Thursday, December 15, 2011
Corzine Comes Clean
My pal Michael serves up the shorter John Corzine: