While the mystery of what happened to $600 million of its customers' money is still unsolved a new scandal is emerging from the MF Global bankruptcy. As customers began to withdraw money from their MF Global accounts in the days leading up to bankruptcy instead of transferring the money by wire, as is the custom, MF Global insisted on sending the owed money by snail mail. When customers tried to cash their checks they bounced and thus customers who thought they had safely avoided the bankruptcy will now find themselves as creditors in bankruptcy court and will probably receive pennies on the dollar. I imagine more than a few MF's were hurled at the failed firm. The CEO of the financially and morally challenged commodities futures trading company is Jon Corzine, former CEO of Goldman Sachs, former Democratic Senator from and Governor of New Jersey. Maybe there should be a statute of limitations on videos of Joe Biden. It's just too easy. He has said so many dumb things but here is the Vice President telling his audience that the go to man for the Obama administration in a time of crisis was Jon Corzine.
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