If you look up the individual "Jon Corzine" on Wikipedia, the first sentence you encounter is “Jon Stevens Corzine is an American finance executive and political figure.”
Those two positions strung together in the same sentence may make some people uneasy, but the fact is that you can apply this description to many people in Congress. Looking closer, Jon Corzine may simply be the most poignant symbol of the incestuous relationship between bankers, business and Congress that is systemic in today's political system.
Recently, Jon Corzine — CEO of MF Global from 2010 to 2011, CEO of Goldman Sachs from 1994 to 1999, Senator of New Jersey from 2001 to 2006 and Governor of New Jersey from 2006 to 2010 — was subpoenaed before a House committee to answer questions regarding the loss of approximately $1.6 billion of citizens' money.
The "honorable" Jon Corzine, as his name tag so colorfully and inaccurately described him, claimed he did not know where the funds went. The House committee asked him, along with other MF Global executives: "Where is the money?” His response: “I don’t know.”
“OK,” replied the committee.
Could lawmakers' passivity possibly be attributed to the amount of money those committee members received from financial agencies and trading groups to keep their mouths shut? Given the evidence, it's a worthwhile question.
According to the Center for Responsive Politics, Committee chairman Spencer Bachus has received $262,177 from securities and investment firms, $78,677 of which was individual donations, the other $183,500 from PACs. He has also received $259,400 from commercial banks and $241,960 from insurance companies, a blend of PACs and individual contributions.