Honorable Jon Corzine Granted Papal Title, becomes Count du Monet

Under Italian law, noble titles can still be given by the Pope (here). Unfortunately, papal titles have not been granted since Pius XII granted titles to John McCormack and Rose Kennedy. However, it is rumored that the practice will be revived for Jon Corzine given his strong support for European Sovereign debt and his heroic performance before a Congressional inquisition (video above). It's also expected that Corzine might be able to make the 2.4 trillion Euro Debt of Italy disappear in the same way he made $1.2 billion in investor funds disappear at MF Global (here). Even though the scale of the Italian debt makes the MF Global shortfall seem small, Corzine is rumored to have said that he was "...up for the challenge".



The noble title to be conferred on Corzine, Count du Monet, was derived from the Mel Brooks movie History of the World Part I (video clip above). Corzine has always been a Mel Brooks fan.