I can’t imagine why
The trustee for the now-defunct U.S. brokerage firm MF Global, former FBI Director Louis Freeh, issued a 124-page investigatory report blasting former MF Global CEO and Obama bundler Jon Corzine for “negligent conduct,” employing trading strategies with lax oversight, and surpassing board-approved limits for European trades.
The report says the vaporization of $1.6 billion of MF Global customer money was largely the fault of Corzine.
“The risky business strategy engineered and executed by Corzine and other officers and their failure to improve the company’s inadequate systems and procedures so that the company could accommodate that business strategy contributed to the company’s collapse,” said the report.
Thank goodness for Dan Collins.