House Republicans Blame Corzine For MF Global Collapse

Law360, New York (November 14, 2012, 5:45 PM EST) -- A group of House Republicans on Wednesday launched a withering critique of ex-MF Global Inc. executive Jon S. Corzine in preliminary excerpts from a government investigation of the broker-dealer's collapse, saying Corzine wielded excessive power at the firm and is directly responsible for its downfall.

Corzine used risky European sovereign debt to generate revenue for an expansion of MF Global's business without first ensuring the profitability of the firm’s core commodity business, according to preliminary findings released Wednesday by the House Financial Services Subcommittee on Oversight...
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