Should Jon Corzine fire Orin Kramer as Chairman of the NJ State Investment Council after losing $25 billion in pension funds?

YES, hold him accountable
77%
NO, it's a bad economy and everyone is losing money.. not his fault
23%
Suggest for national site: 
Suggest for national site

Comments

Accountable


Corzine should also be held accountable for losing $180 million in state pension funds in his investment in Lehman Brothers.

At the time Lehman was $24 billion in debt and Corzine decided to invest anyway. Make him pay it back!!

11/21/08 9:22 am

The whole program was a sham


Their concept of diversification was to have as many friendly firms as possible get a cut of the action.

11/21/08 9:35 am

Pensions


Corzine was the first Gov since FLorio to fundthe state pension program. Investing made sense Lehman Brothers is where numerous public and private pensions were invested. Everyone took a hit

11/21/08 2:48 pm

I googled Kramer and he's Corzine's close friend


so that means he's probably TOAST!

11/21/08 3:49 pm

Lehman


Lehman was $24 BILLION IN DEBT!!! He invested in an already failing company!!

Did he expect a bailout for them? Does he know something about Lehman the rest of us didn't?

11/21/08 3:56 pm

I thought Corizine was a financial genius!


.. only when it comes to his own pocket I guess.

11/23/08 9:17 am