Politics -- and business -- make strange bedfellows. The ongoing saga of former Governor Jon Corzine and his alleged dirty dealings at brokerage firm MF Global are little muddier this morning.
A congressional panel has voted to subpoena former Sen. Jon Corzine to compel him to testify at a hearing next week about his role leading the investment firm MF Global, which collapsed after a disastrous bet on European debt.
The court-appointed trustee overseeing MF Global's bankruptcy says up to $1.2 billion is missing from customer accounts, double what the firm had reported to regulators last month.
With the November edition of "Ask The Governor" coming up Tuesday Night (November 22) at 7pm, I got to thinking about the governors I have met since the 1980s.
The president and chief operating officer of failed broker MF Global Holdings Inc. has agreed to have his annual base salary of $1.5 million slashed 96 percent as he stays on to work on the company's Chapter 11 restructuring.
The disasterous fall of former Governor Jon Corzine's securities firm, MF Global, demonstrates the precarious nature of the world economy for investors.
Published reports say a key regulator will not participate in the investigation of the collapsed brokerage that was run by his former Goldman Sachs colleague Jon Corzine.
He set out to create a mini-Goldman Sachs. In the end, he built a mini-Lehman Brothers. Former New Jersey Gov. Jon Corzine's resignation Friday from the securities firm he led capped a week of high drama and swift failure.