Tag Archive for ‘Jon Stewart’
Has anything changed in banking regulation since the crisis of 2008? Consider the case of MF Global Holdings Ltd., a New York-based securities firm that filed for bankruptcy protection on Oct. 31 after disclosing sizable exposure to derivatives and other investments related to billions of dollars in European sovereign debt. The firm was headed by Jon Corzine, a former CEO of Goldman Sachs who subsequently went into politics and was elected U.S. Senator and, later, Governor of New Jersey. In this video clip, “Daily Show” host Jon Stewart compares and contrasts the positions and behavior of Jon Corzine, the politician, with Jon Corzine, the CEO banker.
Harry Markopolos, the analyst who tried in vain to persuade the Securities and Exchange Commission that Bernie Madoff’s investment company was a Ponzi scheme, is interviewed by Comedy Central’s Jon Stewart.
Jon Stewart of Comedy Central opines on what he says is a difficult-to-comprehend phenomenon: companies that American taxpayers had to bail out with billions of dollars have used that money to reward their employees with bonuses. The logic: “We had to!”