Monday, November 7, 2011

MF Global CEO Jon Corzine quits as big bet fails...

Jon Corzine, one of Wall Street's best-known stars, stepped down as MF Global Holdings Ltd's chairman and chief executive after his bets on European debt drove the futures brokerage into bankruptcy.

Word is they were comingling clients funds with their own...and that they were 33-1 leveraged.

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