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Republicans blame Corzine in MF Global failure

November 15, 2012 • Business


FILE – In this Dec. 15, 2011 file photo, former MF Global Holdings Ltd. Chairman and Chief Executive Officer Jon Corzine testifies on Capitol Hill in Washington, before the House Financial Services Committee. Republicans on a House panel that investigated the collapse of the brokerage MF Global are pinning the blame on ex-CEO Corzine, a former Democratic senator and governor. The subcommittee’s report of its investigation is being released Thursday, Nov. 15, 2012. The Republicans say the investigation shows that Corzine’s decisions caused MF Global’s bankruptcy in October 2011 and its loss of more than $1 billion in customer money. (AP Photo/Susan Walsh, File)

WASHINGTON (AP) — Republicans on a House panel that investigated the collapse of the brokerage MF Global are pinning the blame on ex-CEO Jon Corzine, a former Democratic senator and governor.

The Republicans say that the investigation found that Corzine’s decisions caused MF Global’s bankruptcy in October 2011 and its loss of more than $1 billion in customer money.

They say Corzine turned the brokerage firm into an Login to read more

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