The PJ Tatler

Corzine Has No Idea Where MF Global's Money Went? Seriously?

That’s what he’s saying in his Hill testimony today.

He said he was “stunned” to learn shortly before the firm sought bankruptcy protection at the end of October that MF Global could not account for the money.

“I simply do not know where the money is, or why the accounts have not been reconciled to date,” the former MF Global chief executive said, according to the testimony.

But as far back as Nov. 8th, Jon Stewart skewered Corzine for risking so much MF money on risky European debt and for over leveraging MF Global 40 to 1. Stewart further skewered Corzine for begging for more regulation of the financial industry, then turning around and trying to get regulators off his back when the MF world started to collapse around him.