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Jon Corzine

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.

Corzine Tells Congress Predecessors To Blame For MF Global Fall

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.07.2012 | Business

WASHINGTON — Summoned by Congress, Jon Corzine embraced a bold strategy Thursday to distance himself from MF Global's fall and $1.2 billion in m...

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 billi...

Jon Corzine: 'I Simply Do Not Know Where The Money Is'

AP | Posted 02.07.2012 | Business

* Corzine says was "stunned" by news of missing funds * Says would never intend to break customer fund rules * CME says ...

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.

Congressional Panel Subpoenas Former MF Global CEO

AP | MARCY GORDON | Posted 02.01.2012 | Business

WASHINGTON — A congressional panel has voted to subpoena former Sen. Jon Corzine to testify next Thursday about his role leading MF Global, a br...

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 chil...

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 ...

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...

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.

Former MF Global Customers Get Some Good News

Posted 11.23.2011 | Business

(Nick Brown, Christopher Doering and Jonathan Stempel) - Former customers of MF Global Holdings Ltd got some good news on Tuesday, as the bankrupt...

MF Global Revelations Keep Getting Worse

Janet Tavakoli | Posted 04.02.2012 | Business
Janet Tavakoli

How long does it take to find more than $600 million to $1.2 billion of customers' money? MF Global's books seem so messed up that one person couldn't have created this chaos alone.

Who Blinks First? Bad Bets in Europe and America

Charles Kolb | Posted 01.18.2012 | Business
Charles Kolb

America's future can be seen clearly in today's European crisis over sovereign debt. What is not clear is the path our country will take to resolve our own economic crisis.

The Koch Brothers and MF Global - Friends to the End

Daniel Dicker | Posted 01.14.2012 | Business
Daniel Dicker

The most stunning piece of news we're getting in the wake of the MF Global collapse is in the clients of the firm who managed to get away scot-free, with no freezing of accounts or capital -- particularly the accounts of the mega-cap independent oil company Koch Industries.

Think Again: It's All Connected (and That's the Problem)

Eric Alterman | Posted 01.12.2012 | Politics
Eric Alterman

What makes the impossible tangle of money and politics even more difficult to unravel is the fact that the various interests who hire lobbyists work together to ensure if one lobbyist wins, every lobbyist wins.

Greece and Corzine: Fixing What Hasn't Been Fixed

Dylan Ratigan | Posted 01.09.2012 | Business
Dylan Ratigan

It's time for our leaders to be honest about actually addressing the problem of gross overleveraging in finance, because the Eurozone mess isn't going away.

What MF Global Can Teach You About Investing

Dan Solin | Posted 01.08.2012 | Business
Dan Solin

About 150,000 customer accounts were frozen by the trustee in charge of liquidating MF Global. These customers face long delays in resolving this mess. You can learn some valuable lessons from this debacle.

MF Global Proves We Are All Still at the Mercy of Bankers

Daniel Dicker | Posted 01.07.2012 | Business
Daniel Dicker

The explosion of MF Global continues to cause ripple effects of the type we've seen before, and not in a good way, three years ago. Let me bring you up to date on this largely unreported, but still quite potent and ticking time bomb.

Corzine's MF Global Pushed Regulators to Use Client Funds

The Sunlight Foundation | Posted 01.04.2012 | Business
The Sunlight Foundation

Late last year MF Global urged a federal agency to allow futures firms to invest funds from their customer segregated accounts in foreign sovereign debt. The firm is also now the subject of investigations by several federal agencies.

Regulators Launching Broad Prove Into MF Global's Huge Loss

Posted 01.04.2012 | Business

U.S. regulators are launching a broad review into the business practices of failed futures brokerage MF Global Holdings Ltd as their hunt continue...

After Bankruptcy, CEO Resigns From Securities Firm

Posted 01.04.2012 | Business

MF Global Holdings Ltd Chief Executive Jon Corzine resigned, four days after the futures brokerage filed for bankruptcy protection. In a statem...

Credit Derivatives and Leverage Sank Jon Corzine's MF Global

Janet Tavakoli | Posted 01.04.2012 | Business
Janet Tavakoli

Ratings downgrades will trigger increased margin calls. This is all business as (un)usual. What isn't usual is diverting money from segregated customer accounts. It's too late to blame "sloppiness, bookkeeping, or accounting."

Regulator: MF Global Violated 'Core Foundation' Of Investor Protection

AP | DANIEL WAGNER | Posted 01.03.2012 | Business

WASHINGTON — A regulator investigating the collapse of Jon Corzine's securities firm, MF Global, said Thursday that the firm's failure to separa...