New Leads on Missing MF Global Funds

Thursday, December 15, 2011

Jon Corzine, former CEO of MF Global, testifies before a Senate Committee. (Chip Somodevilla/Getty)

The House Commodity Futures Trading Commission's review of MF Global are getting closer to finding out where 1.2 billion dollars of investor's funds went. Former Chief Executive John Corzine has testified he does not know where the funds went, and was unaware that any customer money was missing until October 30th of this year. The now bankrupt brokerage firm made a 6.3 billion dollar bet on European sovereign debt.

Louise Story is Wall Street and finance reporter for our partner The New York Times.

Guests:

Louise Story

Produced by:

Kateri Jochum

Comments [1]

listener

Suddenly there is an aversion to looking at Wall Street corruption through a political lens. Why is that?

No mention of Corzine's relationship with the Obama Administration, his massive fundraising efforts and the great confidence Obama/Biden had in the former Democrat US Senator and Governor.
Last summer Corzine was picked as a liaison between the White House and Wall Street for a massive fundraising effort and all of that is ignored in the discussion.
Why?

The media distraction strategy this election season seems to be to blame the economic and government system as a whole and not those in political power who abused and exploited the system for political gain.
Of course when there is a Republican President or candidate those rules change and all well lit roads lead directly to them in great detail.

Dec. 15 2011 10:36 AM

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