Frontline: Jon Corzine’s $6 Billion Bet

Image Source Business Times

Frontline has released another MUST WATCHfinancial documentary, this time focusing on MFGlobal and Jon Corzine’s $6 billion bet gone bad that took down the commodities brokerage.

The story of Jon Corzine, the former head of Goldman Sachs and political power broker, who took over MF Global in the spring of 2010 with oversize ambition and a passion for risk. But after a massive bet on European debt turned sour, the firm lay in ruins, with more than a billion dollars of customer funds missing.

Part 1: The Power of Jon Corzine: How the MFG CEO lobbied the regulators who had the power to stop the risky bets.

Watch Six Billion Dollar Bet on PBS. See more from FRONTLINE.

Comments

  1. I wonder what will go through the criminal bastard’s head the day he lies on his death bed (or swing at a lamp post for that matter)?

  2. It wasn’t the Power of Corzine but the Big Payoffs that went out to the greedy Ba#)^$*% that could have stopped him. Amen.

  3. “What’s the point, we might as well not have the regulators.”

    Says it all.

  4. Linked it and sent to my address book

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