Stewart calls Corzine a ‘motherf*cker’ for supporting Wall St. fraud
The contrasting political and financial versions of former New Jersey governor and Goldman Sachs CEO Jon Corzine (D) was on Jon Stewart’s mind Tuesday evening.
The Daily Show host displayed how Corzine preached strong regulations on Wall Street’s bets on risky derivatives in his eventual losing campaign against Chris Christie in 2009, only to have his MF Global, a financial firm he formerly led, go bankrupt thanks to those very same bets on European markets.
“You bet it all on risky European debt, and you lost,” Stewart said. “It’s like playing roulette and putting all your money on purple.”
Stewart also played a montage of Corzine advocating for stronger enforcement against over-leveraging, a practice that allows banks to place risky investments without having the assets to back them up. Corzine’s former firm was also engaged in even more over-leveraging than the now defunct Lehman Brothers, the failure of which sparked the 2008 financial crisis.
So insenced by Corzine’s two-faced positions on the financial industry, Stewart had just one word to sum him up: “Motherfucker!”
WATCH: Video from Comedy Central, which appeared on November 8, 2011.