Report: Dozens Of Funds Held ‘Meaningful’ Stakes In MF Global

Dozens of mutual funds and variable annuity accounts in retirement plans held significant stakes in Jon Corzine’s now-bankrupt MF Global firm according to a Dow Jones report. Limosine liberal multi-millionaire investment banker Jon Corzine adds a bit of tarnish to some folks’ “golden years.” Did we mention that Corzine is getting a $12 million golden parachute for leading the largest bankruptcy of 2011 and the 8th largest US bankruptcy ever? Hey, OWS and MSM, did you know Corzine is Obama’s favorite Wall Street bundler? [cue crickets chirping.]

This post was last modified on April 1, 2021

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (3)

  • Ended up that Corzine resigned while declining his golden parachute. I think at this point he's more worried about spending the rest of his life playing checkers with Bernie Madoff than how much money he has. What's fascinating is that Corzine was being considered by Obama as Timmie Geithner's replacement as Treasury Secretary. It's unbelievable. You couldn't make this stuff up.

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