According to multiple reports, almost $700 million in customer money has gone “missing” from MF Global, the brokerage firm helmed by former New Jersey Governor Jon Corzine that filed for Chapter 11 bankruptcy protection on Monday. And no one seems to know where it went.Did MF Global use its own customers’ money to support its faulty trades? Were they just sloppy? Are banks simply refusing to send the troubled firm its own money?
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=105022