Browsing articles tagged with " mf global"
looking for MF Global CEO Jon Corzine. Well, search no more, I've found him holding up a sign protesting Newt Gingrich believe it or not. As you can see, he's done a full reversal, instead of making huge losing leveraged bets on European debt he's now protesting corporate greed and excess. I love the peace necklace he's wearing. It's a nice touch. This is quite a disguise he's worked up. Reuters
$633 million to $1.2 billion to
DealBook about the collapse of MF Global, we learn how incredibly leveraged up MF Global was on risky European debt and how Jon Corzine thought he could manage those come to Jesus moments when things go bad.
“Until you’ve actually traded and had to deal with one of those come-to-Jesus moments with a bad position,” he said, “and you have to make the decisions about whether to eliminate it, hold it, reduce it — those kind
The discovery that money could not be located might simply reflect sloppy internal controls
After a poor earnings release due to weaker-than-expected trading revenue and fears about the company's exposure to European debt (rumored to be upwards of $6 billion), the stock plummeted. Yes, the entire market cap for the company wasn't even worth $1 billion a few days
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