MF Global was among firms that were forced to take write-offs as part of last week’s deal to resolve the debt crisis in Europe.
The firm filed for Chapter 11 protection in U.S. Bankruptcy Court in the Southern District of New York.
The largest unsecured creditors owed money by MF Global are JPMorgan Chase (JPM, Fortune 500), with more than $1.2 billion in corporate bonds, and Deutsche Bank (DB), with $1 billion in bonds, according to court documents.
JPMorgan’s stock fell more than 3% and Deutsche Bank plunged nearly 10%.
http://money.cnn.com/2011/10/31/news/companies/mf_global/
That figures. He’s not only a MF but also a SOB.
Why didn't this happen to that MF Corzine years ago?
Why didn’t he just go to Geithner who would have made MF Global whole with taxpayer’s money? Isn’t that the well-worn path? </sarc>
DEMOCRAT ========))) Jon Corzine (((======== DEMOCRAT
He ran the company the same way he ran New Jersey.
It takes real talent to almost bankrupt a state and then actually take down a publicly traded company after being fired from the first job.
Corzine, from state killer to company killer
Christie attains absolution for cleaning up after this Dem loser.