Wednesday, March 24, 2010

Joe Biden F-Bomb

Vice President of the United States, Joe Biden, doesn't just think the newly-passed Patient Protection and Affordable Care Act is a big deal. The president's signing of health care reform legislation on Tuesday is being hailed as a historic moment by the bill's supporters. Vice President Joe Biden went a step further, calling it "a big f---ing deal."

Biden was hugging President Barack Obama when he made his unscripted pronouncement into the president's ear at the bill-signing ceremony. His comment was barely audible on video of the ceremony.

That video quickly found its way online, and Biden's gaffe is now perhaps the most memorable quote from the landmark event.



White House Press Secretary Robert Gibbs reportedly backed the V.P. up, saying “Yes, Mr. Vice President, you’re right.” Barack Obama’s senior adviser, Valerie Jarrett, later responded that they are unable to change the gaffe-prone Biden one bit.

He certainly had his share of memorable moments during his decades of service as a member of the U.S. Senate from Delaware, including more than one like this.

MF Global appointed Jon Corzine as chairman and CEO

MF Global Holdings has appointed Jon Corzine as chairman and CEO, effective immediately. Mr Corzine served as governor of the State of New Jersey during 2006 to 2010.

Mr Corzine will succeed Bernard Dan who resigned as CEO for personal reasons. However, Mr Dan will remain with the company through May 16, 2010, to facilitate the transition of duties to Mr Corzine. Alison Carnwath will be retiring as its chairman in August 2010.

Mr Corzine brings more than three decades of leadership and expertise to MF Global. He served in the US Senate from 2001 to 2006. Prior to entering public service, Mr Corzine was chairman and senior partner of Goldman Sachs, where he served for 24 years.

Mr Corzine said: “I look forward to working with MF Global's team to set a strategic path that will take the firm to new levels of growth, profitability and reputation. We will continue to provide the highest level of service to our clients, create new opportunities for employees and grow shareholder value. Profitability and responsibility must go hand in hand with growing our franchise.”

Ms Carnwath said: “It has been a pleasure to serve as MF Global's chairman over the past three years. I appreciate the commitment and dedication of the board, senior management and employees at MF Global and believe Mr Corzine is now the right person to lead MF Global in its next phase of greater growth and profitability.”

About MF Global
MF Global Holdings Ltd. (NYSE:MF) is a leading provider of customized solutions in the global cash and derivatives markets. We offer execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market. MF Global operates on more than 70 exchanges in countries around the globe, providing access to some of the largest financial markets and is the leader by volume in many of these markets. Through delivering extensive product offerings and access across multiple markets and geographic regions, we focus on helping clients define and execute trading and hedging strategies and capitalize on market opportunities.