Streams

Corzine's Catastrophe

Friday, December 09, 2011

Bloomberg Businessweek reporters Matthew Leising and Christina Alesci talk about former Governor Jon Corzine's actions at MF Global and his testimony yesterday before a congressional panel, plus the latest from Europe. 

Guests:

Christina Alesci and Matthew Leising

Comments [10]

Jail for the MF'ers ?

Will there be any possible jail time
for these MF'ers or will it just be a slap on
the wrist as usual for the people who
are too big to fail (and too rich to be prosecuted) ?

Dec. 09 2011 06:00 PM
DTorres from Manhattan

Where is Eric Holder, Justice Dept. in
all of this mess?

How can Corzine plead ignorance,
when he was the CEO and there is so
much cash missing?

Corzine was in charge.

Did the money go missing overnight,
like poof, vanished?

Where is the FBI?

Where are the regulatory=cops?

Dec. 09 2011 01:03 PM
Sophie from Poughkeepsie, NY

STFU...Really rude.

Balancing your personal checkbook does not equate with managing OPM as a business.

Dec. 09 2011 11:13 AM
Jack Jackson from Central New Jersey

Dig a little deeper people....The missing $1.2B amounts to less than 3% of MF Global's assets under management. All of you who have your checkbooks balanced to the penny can throw stones. If your own finances are out of whack, you should STFU.
Also, why are so many newsreaders (NOT WNYC, thank god) repeating the expectation that Corzine would take the Fifth? He didn't so why is the fact that he didn't newsworty? I am detecting an attempt to control the perception here. Why is MSM sharpening its knives on Corzine?

Dec. 09 2011 10:45 AM
desdemona finch from Brooklyn

Sounds like Corzine invoking the Enron "Ignorance Is Bliss" defense.

What kind of golden parachute did Corzine get? I would think a former governor and senator of all people would understand the phrase, "The Buck Stops Here."

Funny how when the top 1% messes up they blame it on others but if the bottom 99% screws up, we just lose our jobs.

Dec. 09 2011 10:43 AM
fuva from Harlemworld

These money addicts, give how high-stakes and potentially hugely consequential their trading is, need to be culpable and prosecutable for "negligence", whatever the "intent".

Dec. 09 2011 10:41 AM
Sophie from Poughkeepsie, NY

Oh well, another bites the dust. Just more proof of greedy, corrupt business practices.

There will be no jail time...

Dec. 09 2011 10:39 AM
Sophie from Poughkeepsie, NY

"John", is he a personal friend of yours?

Dec. 09 2011 10:33 AM
jack from NYC

Britain still has the pound and they would be stupid to give it up.

Germany was the drug dealer that fueled the debt bubble in Europe and now they are the tough drug dealer telling everyone that they need to pay before they give them more drugs.

And lets not forget that PIIGS are debt crack head

Dec. 09 2011 10:32 AM

by the way people at the top never know what the people below them are doing.
corzine was higher as high profile window dressing, not to supervise a group of professionals

Dec. 09 2011 10:15 AM

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