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Mf Global

WNYC News

House Panel Subpoenas Corzine Over MF Global

Friday, December 02, 2011

A Congressional panel has subpoenaed former New Jersey Governor Jon Corzine to testify next week after he failed to respond to an informal request.

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WNYC News

City Hires Ex-MF Global Exec to Help Manage Pensions

Thursday, December 01, 2011

The New York City’s Comptroller Office hired a former executive from MF Global to help manage the city’s pensions a month before the company led by ex-New Jersey  Governor Jon Corzine filed for bankruptcy in October.

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WNYC News

Shortfall at Corzine's Former Firm Could Top $1B, Trustee Says

Monday, November 21, 2011

The amount of client money that went missing after a financial company led by former New Jersey Governor Jon Corzine filed for bankruptcy could be much greater than was initially reported.

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WNYC News

With Accounts Still Frozen, MF Global Clients Look for Answers

Friday, November 11, 2011

WNYC

The extent of the damage is far from clear nearly two weeks after the bankruptcy filing of MF Global, the stock and commodities broker formerly led by ex-New Jersey Governor Jon Corzine.

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It's A Free Blog

Opinion: After MF Global, Will GOP Candidates Still Insist on Deregulation?

Monday, November 07, 2011

The election of 2012, after all, is about Republican's vision of smaller government and less regulation vs. Obama and the Democrats' “Big Government” and more robust oversight.

-Steffen Schmidt, It's A Free Country blogger.

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WNYC News

Top Regulator Steps Aside in MF Global Probe

Monday, November 07, 2011

A leading regulator said he will not participate in the investigation of MF Global because he has ties to former New Jersey governor Jon Corzine, who recently resigned from the New York broker-dealer that filed for bankruptcy last week.

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The Takeaway

Corzine Resigns From MF Global; Hires Criminal Attorney

Friday, November 04, 2011

Former New Jersey governor and Goldman Sachs executive Jon Corzine resigned as chairman and CEO of MF Global, the brokerage firm that filed for bankruptcy on Monday. Corzine has chosen to forfeit his $12 million severance package. Under Corzine's leadership, MF Global lost two-thirds of its market value. A federal investigation is now under way after MF Global disclosed that $630 million of customer money was missing. Corzine is said to have retained a criminal defense attorney. Michael de la Merced, reporter for The New York Times' DealBook, discusses the latest developments.

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WNYC News

Former NJ Governor Corzine Steps Down at MF Global

Thursday, November 03, 2011

Jon Corzine stepped down Friday from running the securities firm that collapsed after his disastrous bets on European debt. The firm, MF Global, said Corzine has resigned as chairman and CEO and will decline a severance package worth $12.1 million, including cash and benefits.

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WNYC News

FBI to Join Probe Into Corzine's Securities Firm

Tuesday, November 01, 2011

The Federal Bureau of Investigation is planning to investigate the securities firm headed by former New Jersey governor and Goldman Sachs chief Jon Corzine. The firm, MF Global, filed for bankruptcy protection on Monday. 

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The Takeaway

MF Global Exposes Reach of Euro Debt Crisis

Tuesday, November 01, 2011

Federal regulators say hundreds of millions of dollars of customer money is missing from MF Global, the brokerage firm which filed for bankruptcy on Monday. It is unclear where the estimated $700 million has gone, and no one has yet been accused of wrongdoing. Headed by former New Jersey governor Jon Corzine, MF Global made risky bets on the European debt crisis. The Dow dropped 276 points in reaction to the news of the implosion, reminiscent of the Lehman Brothers collapse in 2008.

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The Takeaway

MF Global Files for Chapter 11

Monday, October 31, 2011

MF Global filed for Chapter 11 bankruptcy protection Monday morning, making the security firm possibly the U.S. casualty of the European debt crisis. Earlier in the morning, the firm, headed by former New Jersey governor and Goldman Sachs executive John Corzine, was suspended from conducting new business with the New York Federal Reserve. Under Corzine's leadership, MF Global made risky bets on European sovereign debt.

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