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.
Former New Jersey Senator and Governor Jon Corzine expressed remorse over the MF Global bankruptcy.
Corzine talked about his reaction to the news about the missing money.
The first witness at the House hearing was Jill Sommers, commissioner of the Commodity Futures Trading Commission. She talked about the missing money.