It's not a big secret that MF Global chairman and CEO Job Corzine would like to get back into the political game. He is, after all, the former governor of New Jersey. And he has remained a fairly close advisor to and fund raiser for President Obama, so it is not out of the question.

It's not surprising then that a key man clause has cropped up in an MF Global regulatory filing for a debt issue, according to Bloomberg. The news service reports that the firm's prospectus for a $300 million issue of five-year senior unsecured notes, which will be used to a bank line and for general purposes, will be subject to a coupon rate increase of 1 percentage point if Corzine is appointed and confirmed by the U.S. Senate before July 2013.

Most assume that Corzine is in the running to succeed Timothy Geithner as Treasury Secretary. For potential buyers, this is an interesting moment. If buyers plan to hold the debt to the very end of the five years, they just might realize a little coupon bonus. But you might be inclined to think through the chances of Corzine getting the nod. Some people might be inclined to protest at yet another former Goldman Sachs CEO being appointed. Some might think, Corzine would be the third former Goldman Sachs executive in a row to get the job. But despite popular perceptions, Geithner never worked for Goldman Sachs.

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