President Obama is trying to put some distance between himself and the wreckage of bankrupt brokerage MF Global. But not too much distance.
After returning more than $70,000 to Jon Corzine, the CEO who led MF Global into bankruptcy, the president’s re-election organizations are still hanging onto nearly $150,000 connected to the firm, The Post has learned.
An Obama campaign official said no MF Global donations besides Corzine’s have been refunded. “Contributions will be reviewed on a case-by-case basis, and if the facts merit it, they will be returned,” the official told The Post.
Late Friday, aides revealed that Obama had given in to Republican pressure and returned to Corzine the money the former New Jersey governor and his wife gave to the re-election campaign and the Democratic National Committee. The move was an effort by the president to distance himself from the scandal that has erupted in the wake of MF Global’s meltdown.