Corzine--Doing for his company what he did for New Jersey
Former New Jersey Gov. Jon Corzine, moving from success to success: “MF Global Holdings Ltd., the futures broker run by Jon Corzine, was suspended from conducting new business with the New York Federal Reserve today after posting a record loss. The firm’s board met through the weekend in New York to consider options including a sale to avert failure, according to a person with direct knowledge of the situation. It was stopped from doing new business with the New York Fed until it shows it’s able to fulfill its responsibilities as a primary dealer, according to a statement on the regulator’s website. Trading in MF Global’s stock was also halted… MF Global may file for Chapter 11 bankruptcy protection as soon as today and sell assets to Interactive Brokers Group Inc., the Wall Street Journal reported on its website, citing a person familiar with the matter it did not identify.”
It’s almost as if everyone forgot this is the guy who left a record $8 billion budget deficit in his last job.
...The next question is whether this will be seen as a resume enhancement when Obama considers him for Treasury Secretary.