Bloomberg News reported today that former Senator and Governor Jon Corzine personally ordered a $200,000,000 transfer from customer funds of MF Global just three days before the company collapsed. http://www.bloomberg.com/... See also: http://www.rawstory.com/... .
The transfer was reportedly to cover an overdue debt to JP Morgan Chase.
The problem is that Corzine testified under oath to Congress a few weeks ago that he had no knowledge of any such transfers.
See also this good diary from yesterday: http://www.dailykos.com/... . This concerns William Black on the Jobs Act, and raises the question why Corzine is not in prison after the disappearance of $1.6 billion in customer funds, which have left many pension funds destroyed and individuals wiped out.
I'm not a financial analyst. I'm just passing along this dismaying news item, which has not yet been diaried.
Let me collect some good profiles here:
Well, I'll stop there. There was a great piece I read about him a month or so ago, talking about his rise from nothing, but I can't find it right now.
Thanks for your patience with this raggedy diary!