| Per Reuters and now widely reported: The trustee handling the liquidation of MF Global now says the shortfall is double what was originally anticipated. That's up to $1.2 billion dollars of customer funds missing from the derivatives brokerage Jon Corzine ran after leaving the governorship of New Jersey.
No telling when the customers (read: big playas) will get their money found and returned to them. Mysteriously (yeah, maybe not), the Koch Brothers got out before the shit hit the fan. Customer funds are supposed to be strictly segregated. At MF Global, not so much. A clusterfuck of epic proportions, looks like MF Global will be 8th largest bankruptcy in U.S. history.
Amazingly, the Careers page at MF Global's website is still up, looks to still be recruiting, and is just begging for somebody to slap up a parody site. MF Global is still promising a "culture of ownership where highly driven and motivated employees can thrive". Because, after all, at MF Global " it is the caliber of our employees that differentiates us".
It feels insane to write in one day both a post on Newarkers ready to sleep outside to protest the concentration of wealth in the deep pockets of fancy people. And then, these dastardly shenanigans.
Anybody need a job? Looks like MF (what's that stand for?) Global's hiring. |
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