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Jon Corzine

MF Global: Crime, Comedy and the Cover-Up

Janet Tavakoli | Posted 04.29.2012 | Business
Janet Tavakoli

Since the September 2008 financial crisis, we've seen a pattern of misdeeds, dodgy financial reporting, congressional "investigations" that are all for show, slow and incompetent investigations, and ultimately a slap on the wrist for wrong-doers.

PHOTOS: Republicans' Not-So-Nice Valentines

Posted 03.27.2012 | Politics

The Republican National Committee got into the Valentine's Day spirit Tuesday with a line of teasing e-cards that were less hearts than arrows directe...

MF Global Still Owes Farmers And Ranchers Tens Of Millions Of Dollars

Reuters | Posted 04.03.2012 | Business

* CME to launch $100 mln fund for ranchers, farmers * Farmers say fund inadequate * Fund comes after Oct. 31 collapse of...

John Celock

Chris Christie To Lead Political Train Ride From N.J. To Washington | John Celock | Posted 03.26.2012 | Politics

New Jersey Gov. Chris Christie (R) will be leading a New Jersey invasion of Washington Thursday night, following the state's annual train party for po...

John Celock

Rush Limbaugh Asked To Apologize For 'Greaseball' Remark | John Celock | Posted 01.24.2012 | Politics

An Italian-American advocacy group is slamming Rush Limbaugh for making an on-air ethnic slur in December, now demanding that the conservative talk sh...

Corziñata: Ex-MF Global Employees Take A Whack At Old Boss

The Huffington Post | Harry Bradford | Posted 01.11.2012 | Business

Still angry at your old boss? Some former employees of bankrupt brokerage firm MF Global have found a way to deal with their frustration. Hint: It inv...

Ex-MF Global CEO Reportedly Shopped For French Mansion During Firm's Collapse

The Huffington Post | Jillian Berman | Posted 01.05.2012 | Business

As MF Global inched towards collapse, CEO Jon Corzine pre-occupied himself with a few other things -- namely securing a chateau for him and his wife i...

Congresswoman Marcy Kaptur Confronts MF Global and Wall Street

Janet Tavakoli | Posted 02.25.2012 | Business
Janet Tavakoli

When it comes to fraud, if you don't look for it, you don't find it, because when it comes to fraud, there is always a cover-up.

Marcus Baram

MF Global's Risky Practice Could Lead To Next Crisis | Marcus Baram | Posted 12.22.2011 | Business

The swift implosion of MF Global highlights a common practice used by aggressive speculators, one that experts say makes the broader financial system ...

MF Global Trustee Pursues Client Funds Held Overseas

Posted 12.21.2011 | Business

The U.S. trustee for bankrupt MF Global Holdings Inc is working to recover $700 million of client funds held by the broker's UK affiliate for U.S. cus...

Corzine Meets Madoff

Christopher Brauchli | Posted 02.15.2012 | Business
Christopher Brauchli

A number of people have begun wondering what the difference is between Jon Corzine and Bernie Madoff. The answer is that Mr. Madoff knew exactly where his clients' missing billions of dollars went. Mr. Corzine is still trying to figure that out.

Rehypothecation Is An Old Story: MF Global's Story Is a Different Story of Filched Funds

Janet Tavakoli | Posted 02.15.2012 | Business
Janet Tavakoli

It was as if a Member of Congress had become Corzine's PR flack. Jon Corzine has been a big Congressional fundraiser and bundler, and it is interesting to see how cheaply some Members of Congress can be bought.

Corzine and Madoff: The Fruit of Financial Deregulation

Mark W. Schleisner | Posted 02.14.2012 | Politics
Mark W. Schleisner

The congressional advocates of deregulation insist that a market unfettered by government supervision creates jobs and prosperity. They're right -- i...

As MF Global Teetered On Collapse, Firm Drew Up Survival Guide

Posted 12.14.2011 | Business

WASHINGTON (Reuters) - Just days before it declared bankruptcy on October 31, MF Global concluded it could remain solvent even if a major ratings down...

Was Corzine Aware Of His Company Misusing Customer Funds?

Posted 12.14.2011 | Business

(Alexandra Alper and Aruna Viswanatha) - The regulatory arm of CME Group has turned over interviews to the Justice Department that allege former MF Gl...

Ex-MF Global CEO Says He 'Never Intended' To Break Rules

Posted 12.09.2011 | Business

A contrite Jon Corzine, in his first public defense of his leadership of now-bankrupt futures brokerage MF Global, told U.S. lawmakers he "never inten...

Jon Corzine Dodges the Fraud Question

Janet Tavakoli | Posted 02.08.2012 | Business
Janet Tavakoli

It seems Jon Corzine would have Congress believe he's hopelessly incompetent, because it is better to have them believe that than the business for which he was responsible was breathtakingly wrong.

Jon Corzine gave $5 million to help candidates win office; now he's being grilled by Congress

The Center for Public Integrity | Posted 02.07.2012 | Business
The Center for Public Integrity

By Aaron Mehta and Sandy Johnson, iWatch NewsJon Corzine, a one-time wizard of the financial world, testified Thursday he doesn't know where a billion...

Corzine Warned About Europe Bets Before MF Global Collapse

Posted 12.06.2011 | Business

A top official within MF Global warned the company's former CEO John Corzine about the firm's growing bet on European bonds -- a risk that likely plun...

Why Corzine Won't Do Time

Robert Kuttner | Posted 02.03.2012 | Business
Robert Kuttner

Will Jon Corzine, former U.S. senator, former New Jersey governor, former chairman of Goldman Sachs, end his high-profile career in the slam? Don't bet the farm on it.

Analysis: MF Global Collapse Proves Enron-Style Accounting Lives On

Posted 12.01.2011 | Business

The off-balance-sheet accounting methods that Enron and Lehman Brothers made famous in their epic failures years ago have a modern-day poster child: M...

Senators To Grill Regulators On MF Global Collapse

Posted 12.01.2011 | Business

Senators plan to press regulators on Thursday on whether they were asleep at the switch as now-bankrupt MF Global took on massive risky bets, and why ...

Obama's Corzine Problem

Charles Gasparino | Posted 01.28.2012 | Business
Charles Gasparino

Just a few months ago Jon Corzine was on the short list to be Treasury Secretary, but now he's ignoring a request to testify before a subcommittee investigating the demise MF Global and setting up a showdown that could have major implications for the president's re-election.

Former FBI Director Appointed Trustee In MF Global Bankruptcy Case

Posted 11.26.2011 | Business

(BEN BERKOWITZ, Reuters) - Former FBI director Louis Freeh was appointed trustee in the MF Global (MFGLQ.PK) bankruptcy case on Friday, days after he ...

Wall Street: Brush Up Your Melville

Carla Seaquist | Posted 01.23.2012 | Business
Carla Seaquist

The "monomaniac" pursuit of profit, taken to "demoniac" extremes (two words Melville uses repeatedly) is a killing pursuit that can take every last thing -- even the ship itself (read: the nation) -- down.