Topic: Edith O Brien

1 chapters across the catalog

No Bagles for You!
Episode 394 43:11 - 46:40

394: No Bagles for You!

MF Global Scandal, John Corzine, and JP Morgan

New evidence in the MF Global collapse suggests John Corzine directly instructed the transfer of $200 million in customer funds to cover an overdraft at JP Morgan in London. The hosts discuss the illegality of touching segregated customer accounts and criticize JP Morgan's offer to buy out claims at a 10% discount, effectively profiting from the theft.