Risk Rap

Rapping About a World at Risk

No Transparency from Corzine

Whats on Corzine’s Agenda?

Gov. Corzine is calling a meeting at NJIT of New Jersey’s best minds to deal with the economic crisis. The meeting will be closed to observers and to the public.

Corzine should open up a window of transparency. All these closed door meetings only serves to estrange the government from the public trust. Remember Cheney’s closed door meetings and the role it played in formulating the nations failed energy policy. All American’s paid dearly for that one.

The economic crisis will seriously effect state and local governmental institutions ability to fund and provide services. Its amazing the degree of involvement governmental agencies and officials are stepping in to manage the crisis. Mr. Cozine’s Goldman Sachs pedigree will serve him well. It seems the collegian club of GS alums are in control of everything.

Is Corzine meeting with friends to carve up state regulated banks and insurance companies that are on the brink of insolvency?

Is Corzine discussing the closure of the public school and transportation systems because the state has cash flow problems?

Is Corzine discussing the seizure of state pension fund assets to fund the current cash flow needs and further deplete the pensions assets?

Is Corzine finalizing a deal on the sale of the NJ Parkway, Turnpike, The Port Authority and the State College & University system to a syndicate of private equity funds lead by the Chinese Investment Corporation and other large Sovereign Wealth Funds?

We don’t actually know. Thats why Mr. Corzine needs to provide a little transparency and let the citizens of New Jersey know whats going on and how it affects them.

Risk: transparency, accountability, public trust,

Music: The Rays, Silhouette on the Shade

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September 22, 2008 - Posted by | China, credit crisis, government, pop, private equity, sovereign wealth funds, taxation | , , , , , , , ,

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