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Hello! Corzine is a Democrat!

My friend Victor Morton, who is a newspaper editor, tweets to ask which word was left out of this Associated Press story [1]about the major Wall Street scandal exploding around Jon Corzine, whose firm may be guilty of felonies. Here’s a hint — the missing word is from this paragraph:

Corzine, a former New Jersey governor and chief of Goldman Sachs [2], took over MF Global last year. He led MF Global to make more trades for the company’s own profits, a practice known as proprietary trading. Proprietary trading helped turn Goldman into a trading powerhouse in recent years.

You see what word is missing, don’t you? Democratic. As Victor rightly surmises, to fail even to mention that Corzine was a politician of the Democratic Party is to implicitly serve the narrative that it’s only the Republicans who are the party of greed. If Corzine were a Republican, it would be perfectly fair and even important to point out the party he belongs to, and served as a U.S. Senator and governor. It’s meaningful that he was (and is) a Democrat because, as the liberal pundit Joe Nocera notes in his NYT column [3] today,  “Corzine is an avowed liberal who has decried income inequality [4] and Wall Street pay [5] — but right up until the end, he had his hand out for millions he didn’t deserve.”

Do better, AP!

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16 Comments To "Hello! Corzine is a Democrat!"

#1 Pingback By The American Spectator : The Spectacle Blog : Jon Corzine’s Many Failures On November 1, 2011 @ 4:30 pm

[…] MF Global with the same kind of reckless risk-seeking that he denounced as a public figure (he's a liberal Democrat, by the way). What Nocera doesn't mention is that Corzine did about as well for New Jersey as he […]

#2 Comment By Noah On November 1, 2011 @ 5:08 pm

Business as usual for the MSM, of course. What is worse is the frequent omission of a suspect’s race, nationality, or religious affiliation in crime/terrorism stories when the suspect is black, Hispanic, Muslim, or a foreigner, and the downplaying of such stories in general.

Remember Chandra Levy? Lots of media buzz when the suspect was a white male politician, precious little when the real killer was found to be an illegal alien from Guatemala. Did you hear about the Omar Thornton down-with-Whitey massacre? How about the Knoxville massacre? The black Muslim who shot up an Army recruiting office in Arkansas? Did these stories get a hundreth of the media attention of, say, the Duke lacrosse rape hoax?

#3 Comment By alkali On November 1, 2011 @ 5:12 pm

There have been numerous AP items on this story that mentioned Corzine’s Democratic affiliations — one of those yesterday (“MF Global is first big US victim of Europe crisis”) noted that Corzine was a major Obama fundraiser. The focus of this update was to report breaking news about whether client funds were segregated at the firm, which is a genuinely new development.

#4 Comment By MattSwartz On November 1, 2011 @ 5:46 pm

Madoff’s alliance with the abortion lobby didn’t get much play, either.

#5 Comment By bob c On November 1, 2011 @ 5:58 pm

Great to (finally) see some type of accountability in the burgeoning world of crony capitalism:

[6]

Rollcall has a fascinating piece that they just posted on this

Congress’ Rich Get Richer
Net Worth of Lawmakers Up 25 Percent in Two Years, Analysis Demonstrates
[7]

Democrats hold about 80 percent of the wealth in the Senate; Republicans control about 78 percent of the wealth in the House.

#6 Comment By JonF On November 1, 2011 @ 6:11 pm

New Jersey is said to be one of the three most corrupt states (Illinois and, er, Louisiana being the other two).

#7 Comment By Siarlys Jenkins On November 1, 2011 @ 6:46 pm

I don’t live in New Jersey, but I will say this about the Democrats I’m familiar with:

Most of the Democratic state legislators in Wisconsin who lost their seats in November 2010 deserved to lose. It’s not that they were super-liberals, its that they were spineless fraidy cats who trembled in fear at the ominous ravings of radio talk show hosts and refused to stand for ANYTHING until after they were re-elected, which they weren’t. Hopefully, the Democratic Party can move on without Jon Corzine too.

One Democrat who deserved to lose was challenged in the party primary, and dumped. He showed his true colors by then accepting a position in the Walker administration. I wonder what he’s going to do for a living after we recall the governor?

#8 Comment By Bruce Ross On November 1, 2011 @ 7:08 pm

It’s in the lede here: [8]

#9 Comment By Aaron Cass On November 1, 2011 @ 7:33 pm

I often see this kind of omission (for Democrats and Republicans) and find it annoying, but I don’t think it’s part of a conspiracy to conceal the party affiliation only to favor Democrats.

I think most of the time, it’s just that the authors assume the reader already knows. Since I haven’t memorized the country’s many governors, senators, and representatives, I’m often left wondering.

#10 Comment By Roger C. On November 1, 2011 @ 8:14 pm

The blogfather, Glenn Reynolds of Instapundit fame, calls stories like this “Name that Party.”

#11 Comment By MH – Scientismist On November 1, 2011 @ 8:18 pm

BTW that firm claims that they can’t account for 700 million in funds. This is not a small goof and somebody had better go to jail for it.

#12 Comment By Sundown On November 1, 2011 @ 9:50 pm

Perhaps it may have been helpful to add Corzine’s partisan affiliation in this article, given that he has been elected to partisan office before. As Aaron said, though, it’s not a good idea to assume that it’s due to some partisan bias, but just an assumption of knowledge.

What’s much worse, though, is what Fox News has done before with some Republicans in scandals: label them as Democrats, which is an outright lie. (I know that they have done this with Mark Foley and Mark Sanford; perhaps there have been more examples).

#13 Comment By Bugg On November 1, 2011 @ 10:41 pm

I have little faith in the GOP. Yet Our Dear Leader had this man as one of his biggest campaign finance bundlers. Corzine hosted numerous fundraisers for The One and was rumored to be in line for a big government job. Hope and change indeed; Goldman Sachs and thievery on a grand scale again.

#14 Comment By Thomas O. Meehan On November 3, 2011 @ 5:05 pm

JonF, I’m not sure about the Louisiana’s standing in the corruption sweepstake, but knowledgeable law enforcement always ranks Rhode Island as either #1 or #2.

#15 Comment By Thomas O. Meehan On November 3, 2011 @ 5:35 pm

Corzine can be viewed as a symptom of a larger disease. His ability to prosper in the world of finance was accepted as proof of his competence as an administrator. The tax payers of New Jersey suffered for this while he was governor. I served previous governors in NJ and come into contact with administrators all the time. Universally, they confessed tales of utter administrative incompetence by Corzine. The man simply had no idea how a large government worked in practice. With his gargantuan wealth, no realistic Democrat primary candidate would step forward. So the bureaucrats all felt locked in place for perhaps the full eight years of gridlock and fools errands. Corzine came from a background that rewarded skill in manipulating abstract assets. Dealing in the management of day to day semi-intractable relationships that management of complex systems demand was beyond him.

We need a system like the Romans of old; in order to run for a higher office you had to show competence in a lower one first.

#16 Comment By Siarlys Jenkins On November 5, 2011 @ 8:13 am

True Meehan, the ability to make money in business is NOT particularly relevant to whether a man or woman would be a good or competent political leaders. We might all want to keep this in mind when looking at Mitt Romney, Herman Cain… which is not to say that I see anything good in Perry or Bachmann. To each their own faults, but business experience does not make for good presidents. It is a different job.