August 4, 2005


Corzine Gave $470,000 Loan to Head of Union (DAVID KOCIENIEWSKI, 8/04, NY Times)

Senator Jon S. Corzine provided a $470,000 mortgage to the president of a union that represents thousands of New Jersey state employees in late 2002, then forgave the debt two years later.

The union president, Carla Katz, was Mr. Corzine's girlfriend at the time. The senator said on Wednesday that an investment company he owns gave her the mortgage, then canceled it in December 2004, several months after they had stopped dating.

The loan was not illegal, and Mr. Corzine said he took care of the required gift tax on the money he ended up giving to Ms. Katz.

But if Mr. Corzine succeeds in his race for New Jersey governor this fall against the Republican candidate, Douglas R. Forrester, he could find himself negotiating opposite Ms. Katz, whose union, Local 1034 of the Communications Workers of America, represents 9,000 state workers and is one of a handful of labor groups that will seek billions of dollars from the state for wage increases and a bailout of the state's troubled health care and pension funds.

At least it's the union leader whoring for the Democrat instead of vice versa.

Posted by Orrin Judd at August 4, 2005 9:06 PM

Well, at least it wasn't a male - this time.

Posted by: obc at August 4, 2005 10:21 PM

Man, there are about a million telecom communications terms/sexual innuendo references you can make up from this story that will keep the New York Post's headline writers in business for years.

Posted by: John at August 4, 2005 10:23 PM

if you have to pay that much for a woman, you might as well stick to sheep....with bad eyesight.

Posted by: cjm at August 4, 2005 10:28 PM

For that kind of money, he could have done better.

Posted by: Robert Schwartz at August 4, 2005 10:46 PM

There is nothing unusual here, although it traditionally involves marrying the woman before she divorces you and takes the house.

Posted by: Robert Duquette at August 5, 2005 3:31 PM