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.