8. Jon Corzine
Jon Corzine ranks 8th on our list of biggest hypocrites in American politics. He is a former New Jersey governor, U.S. senator, and former Goldman Sachs (GS) CEO. With so many titles comes great responsibility. His hypocrisy lies in the fact that he just didn’t follow his own advice. While he was fervently proposing that financial firms are safely leveraged, with sufficient liquidity, in order to mitigate the impact of risky strategies that had failed. Eventually, he was fired with a nice $12 million severance package but the bankrupt firm had a loss of $1.2 billion in client money. Did we mention he was its CEO? The company in question was MF Global Holdings.
Pakhnyushchy/Shutterstock.com
