Corzine's firm allegedly in serious violations of rules

NY Times:

MF Global Is Said to Have Used Customer Cash Improperly

When this issue first came up I said I could think of no rational explanation for the missing customer funds.  There apparently isn't one that does not involve a violation of the law.  Apparently some of the money was used to cover losing positions taken by the firm which was under the direction of the former Democrat big wig.

There is a clip of Joe Biden saying one of the first persons he would call in a financial crisis would be Corzine.  He probably would like to revise and extend those remarks.

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