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FBN's Charlie Gasparino says Goldman Sachs executives saw Jon Corzine's demise based on past experience.
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President who has the least surprised by -- a global CEO Jon Corzine's demise might be those who works for the man when he was CEO of Goldman Sachs.
As according to Charlie Gasparino one heck of an endorsement there are -- what was is that medical Fuzzy.
And it wasn't because it was -- -- this was a train.
I -- say I personally know the -- -- -- right I'd I'd like him you know from the columns I've been right about on the last couple days.
Where the coverage we've given where cities probably not the best person be running a firm like this.
And that's an understatement but you know so put this in the context I like the guy and the people that I talked to this morning.
At Goldman Sachs who used to work -- them like him as well.
But you know you go to the man is a woman at Goldman -- work with them.
And they will say this is probably one of the worst managers on Wall Street that you know he had -- get to where he got too well he made a lot of money he was a bond trader made a lot of money.
And then when it came time to lead -- to manage.
It was just literally one foul after another at Goldman Sachs so nobody hears sees is that as a surprise to his name at Goldman was Fuzzy -- and yes the trademark beard.
And nothing to do with the beard.
He had very Fuzzy thinking you know to Hank Paulson I know pretty well too.
Very decisive guy.
You know look what I've entered a financial crisis say what you like who want about how it was carried out he was pretty -- 24 hours -- you really decisive Jon Corzine.
You know -- did the exact opposite he would free -- merger ideas you know there was -- -- there was one case.
He instead of consulting you know you're the CEO of big company want to merge with someone else -- -- you board but it.
It might want to look at executive committee that's right candidate Jon Corzine just doesn't buy himself you know I -- this was it is a big big case in the in the in the 1990s where he went I think you try to do -- deal -- -- by himself.
You know not a president but usually leads C -- fired the long term capital case came later when -- Corzine.
PE -- the risk of long term capital -- -- for -- 500 million dollars and one quarter.
By 2008 standards that might not seem a lot but that was back in 1990 -- 500000001 quarter was -- -- that's what ultimately led to his demise of this is really -- when you talk to people like Goldman the takeaway line is.
You know they don't see this as a surprise now.
Do they think he's a crook and here's -- its interest in absolutely not even people that don't like it.
You know that that -- word on the course nineteen while he was there.
We'll -- -- Hank Paulson team will tell you that Jon Corzine is about us as far as I know but as far as a crook as you can get now that comes as you know this investigation is heating up.
He hired a lawyer I know the lawyer pretty well a mile -- prominent white collar attorney you don't hire -- -- You know there's a lot of eyes on you when there are a lot of vice FBI space securities exchange commission you -- it they're all over this case.
But and you know those co mingled funds you've got to ask.
You know who gave the order to use that stuff -- I could tell you that the preliminary.
Determination and from BlackRock and evercore when they looked at it over the weekend before they -- -- deal.
People there tell me they thought it was just really sloppy now I but I will tell you this.
You know it's either really sloppy imports really fraud because someone you know -- -- don't get in between in this thing.
So this is pretty serious he's faced -- what he faces of real.
It's kind of said that a guy's career you know was pretty illustrious politics you know I don't like his politics but he failed everywhere he went -- it's sort of like the most crony capitalism when you look at and say houses that possibly another -- how to get another drop.
Let's let's let's be.
-- -- -- Okay -- you're right he didn't do very good job at Goldman but he was into the W Jersey -- -- were -- -- top of the firm -- was a good trader he didn't do -- I don't agree with -- politics in Jersey.
But he was the governor and the senator I mean the Skype achieved a lot -- not a bad guy you know.
You know he's going off on exactly the wrong foot 63 I know we wanted to rebuild this thing and make it into something good.
But I will tell you that its failure and his failure.
According to Wall Street is going to Goldman guys was written in the cards you just saw this coming based on what he did -- and.
