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To: Robohogs who wrote (105363)10/31/2011 9:51:57 PM
From: straight lifeRespond to of 118717
 
...and now this;

(I've heard {Pym Fox show, Bloomberg} that this is the 8th largest bankruptcy filing (in history? in finance? I don't know) I do fear this will ripple out and grow much much larger)

MF Global Under Investigation for Missing Money

Federal regulators have discovered that hundreds of millions of dollars in customer money have gone missing from MF Global in recent days, prompting an investigation into the company’s operations as it filed for bankruptcy on Monday, according to several people briefed on the matter.

The revelation of the missing money scuttled an 11th hour deal for MF Global to sell a major part of itself to a rival brokerage firm. MF Global, the powerhouse commodities brokerage run by Jon S. Corzine, had staked its survival on completing the deal.

Now, the investigation threatens to tarnish the reputation of Mr. Corzine, the former New Jersey Governor and Goldman Sachs chief who oversaw MF Global’s demise, making it the first American victim of Europe’s debt crisis.
Read More:
http://www.nytimes.com/?emc=na