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Corzine does for Wall Street What He Did For New Jersey

MF Global files bankruptcy

http://www.nypost.com/p/news/business/with_frantic_sales_talks_failing_tiO1ERdMp7SN1PnC7UC54N

 

UPDATE

Regulators Investigate

http://finance.yahoo.com/news/Regulators-Investigating-MF-nytimes-752197815.html?x=0

ANOTHER UPDATE

News Alert
from The Wall
Street Journal

MF Global admitted to federal regulators that
money had been diverted out of customer accounts, according to a federal
official who said the move violated the law.

The Wall Street
brokerage, which filed for bankruptcy protection Monday, acknowledged the
shortfall amid mounting questions from regulators as they went through the
firm’s books while trying to facilitate a sale to Interactive Brokers Group, the
official said. Regulators still don’t know where the customer funds went, who
directed the move or how widespread the practice was, the official said.

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Posted: October 31st, 2011 | Author: | Filed under: Uncategorized | Tags: , , | 2 Comments »

2 Comments on “Corzine does for Wall Street What He Did For New Jersey”

  1. speedkillsu said at 8:28 am on November 1st, 2011:

    This is the 8th largest bankruptcy in the nations history (bigger than Chrysler) Now we learn that 700 million is missing from customers accounts if indeed this criminal act is proven to have taken place, should be none other than Jon Corzine himself behind bars .

  2. TR said at 10:33 am on November 1st, 2011:

    The sad part is this company made it through the initial crisis with no problems.
    This was a thriving company untill Corzine bought control and started calling the shots.