The Walking Debt

Posted is a hilarious video of John Stewart talking about former CEO of Goldman Sachs, Jon Corzine. Stewart pokes fun at Corzine's political and financial career, labeling him as the "Walking Debt." From this, he makes reference to the former CEO's numerous failures, such as his decision to invest 6.3 billion dollars in European debt. Corzine's hypocrisy is also highlighted when he talks about how there should have been tighter regulation to avoid debt increase for business firms, as he actually goes to avoid this same regulation when he is faced with "over-leveraged" debt. Stewart's lambasting of Corzine highlights the mistake of investing heavily in the private sector, which is why I feel that this video ties in exceptionally well with what we've been covering in class, especially since we've watched and learned about the 2008 economic crisis.