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Former New Jersey Senator and Governor Jon Corzine calls the MF Global bankruptcy devastating. Hundreds of millions of dollars are unaccounted for. In a House hearing, Corzine accepted responsibility for a risky trading strategy involving European debt. Corzine took over MF Global after leaving office. He exited after the bankruptcy filing. Meantime, a Senate panel has summoned Corzine to a December 13th hearing.
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Former New Jersey Senator and Governor Jon Corzine expressed remorse over the MF Global bankruptcy.
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Corzine talked about his reaction to the news about the missing money.
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The first witness at the House hearing was Jill Sommers, commissioner of the Commodity Futures Trading Commission. She talked about the missing money.