We reported at the beginning of November on the abrupt downfall of Jon Corzine. If you recall Mr. Corzine is an ex "Democratic" governor and senator, and now ex CEO of MF Global Inc. as well as an ex CEO of Goldman Sachs. He has just presided over the seventh largest bankruptcy in U.S. history. The Commodity Futures Trading Commission, one of the regulators supposedly keeping an eye on dodgy dealings on Wall Street on behalf of U.S. taxpayers, has released a long statement about the affair. Amongst other things CFTC Commisioner Scott D. O’Malia has this to say:
More on The CFTC Finally Realize That MF Global "Has Shaken Public Confidence"!
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The global financial crisis took yet another turn for the worse on Monday. According to Yahoo! Finance:
MF Global's meltdown in less than a week made it the biggest U.S. casualty of Europe's debt crisis, and the seventh-largest bankruptcy by assets in U.S. history.
The chief executive of MF Global Holdings Ltd. is Jon Corzine. According to The Economist recently, Mr. Corzine is:
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