'Mini Ponzi Scheme' Takes Down N.J. Democrat Corzine; Networks Forget They Used Him as 'Top' Economic Voice

Flashbacks of 2008 were on the minds of many when MF Global, a Wall Street firm led the Democratic former N.J. Gov. Jon Corzine, filed for bankruptcy amid a huge scandal. Forbes said the firm owes $2.2 billion to JP Morgan and Deutsche Banks. But the broadcast networks had amnesia when it came to their previous coverage of Corzine, his role as adviser and fundraiser for Obama and their previous use of him as an economic expert.

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