iOS app Android app

Repo to Maturity Transactions

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."