Tag Archive for Mf Global

Michael Crimmins: What the Press Refuses to See in JP Morgan and MF Global Scandals « naked capitalism

Two former finance and political influence gods (Jon Corzine and Jamie Dimon) have tumbled back to earth. Yet, troublingly, the mythology that’s cowed the political establishment and the financial press for so long remains very much intact. Almost without exception, mainstream commentators are still desperately trying to frame the train wrecks at MF Global and…

Jon Corzine, economic dummy- NYPOST.com

Jon Corzine is “the smartest guy I know in terms of the economy,” Vice President Joe Biden said not so long ago. President Obama praised Corzine as a key architect of the “national recovery plan” he implemented after taking office back in 2009. Oops. Consider the long report issued Monday on the latest of Corzine’s…

MF Global Trustee Says Claims May Exceed $3 Billion – NYTimes.com

The trustee overseeing the bankruptcy of MF Global estimates that creditors, including banks, big investors and service providers, could have more than $3 billion in claims against the failed brokerage. In his latest report to the bankruptcy court, the trustee, Louis J. Freeh, outlines his investigation of MF Global, which collapsed in October after misusing…