| In which we get to play another round of 'Name That Party!' |
Corzine hasn't been heard from publicly since MF Global imploded in October, the result of bad bets on European sovereign debt, a risky gamble reportedly pushed by Corzine himself.
The House Agriculture Committee, which is looking into the collapse, will question Corzine at a hearing on Dec. 8.
| No they won't: they'll ask him questions and he'll plead the Fifth. |
Corzine is a former governor and U.S. senator from New Jersey,
| from which party again? |
In congressional hearings already held, questions have been raised whether Corzine used his extensive Wall Street and political ties to shield his risky strategy from regulators who might have otherwise taken issue with his aggressive bets on the troubled euro zone.
| Of course he did. That and his rolodex are why MF Global hired him to be CEO. |
Investigators have questioned whether Corzine authorized the use of client money to be mixed with MF Global money to help cover losses as the European debt crisis deepened. Investment firms are barred from mingling their clients' money with the firm's proprietary investments.
| When they do mingle the money, it's called 'theft', 'fraud', and a bunch of other crimes. Notice that no one at MF Global, from Corzine on down, has been charged with a crime yet. Guess it's going to take a while to investigate... |