Articles by Nick Paumgarten
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Corzine’s Downfall
Nick Paumgarten – The New Yorker,
14 Nov 2011
The collapse this week of the broker-dealer MF Global and the comeuppance of its chief executive Jon Corzine, who resigned Friday [4 Nov 2011], have been and will be put to many political and rhetorical purposes. It doesn’t much matter, in these Zuccotti Park days, whether you’re too sanguine or too sly. Either way, you’re considered a crook. But if the firm did indeed use hundreds of millions of dollars of its customers’ money to prop up its own liquidity, in its waning hours, someone, perhaps even the former C.E.O. of Goldman Sachs and Governor of New Jersey, could wind up in jail.
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