“Justice delayed is justice denied.” –Mishnah (Jewish religious text) So, coming up on two years after commodities trader MF Global imploded, taking over $1 billion of its customers’ supposedly segregated cash with it, the Commodity Futures Trading Commission (“CFTC”) is set to bring civil charges against MF Global’s former head, Jon Corzine. Note that that’s civil charges, not...Read More
Wall Street Journal: ‘Blame the Regulators’ Chutz-pah′: killing your parents, then throwing yourself on the mercy of the court because you’re an orphan. So, according to The Wall Street Journal, who’s to blame for the still-missing $1 billion of client funds at now-bankrupt MF Global? Not the company’s senior management, led by CEO Jon Corzine,...Read More
