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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Friday, November 04, 2011

Will Corzine connection kill Obama’s Occupy strategy?

(By Ed Morrissey, Hot Air) - Former New Jersey governor Jon Corzine resigned as CEO of MF Global after the company collapsed this week, with hundreds of millions of investor dollars still missing:

Former New Jersey Governor Jon Corzine resigned as CEO from now-bankrupt futures brokerage MF Global on Friday under a cloud of legal uncertainty that has prompted him to hire a prominent white-collar attorney.

Corzine’s exit comes just four days after New York-based MF Global collapsed under pressure from over $6 billion in risky bets on European sovereign debt directed by the former Goldman Sachs (GS: 105.15, -2.53, -2.35%) chief. Its Chapter 11 filing marked the eighth-largest bankruptcy in U.S. history.

Since its implosion, a string of negative headlines have emerged, including more than $600 million in missing client funds and questions about whether MF Global management may have misled investors about the company’s health.


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