The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
December 9, 2011

Corzine Apologizes for MF Global Collapse 
------------------------------------------



Former New Jersey governor and U.S. senator Jon Corzine appeared on
Capitol Hill Thursday to make his first public defense of his brief
stint at the helm of the failed commodities and derivatives brokerage
house MF Global. Corzine resigned from the firm last month after it
filed for one of the largest bankruptcies in American corporate history,
with almost $40 billion in liabilities. It was the largest failure on
Wall Street since the collapse of Lehman Brothers in 2008.

Jon Corzine: "Like all of you, I am devastated by the enormous impact on
many people lives resulting from the events surround the MF Global
bankruptcy. Of course my distress and sadness pale in comparison to the
losses and hardships that customers, farmers, and ranchers and others
— employees and investors have suffered. Their plight weighs on my
mind everyday. As the chief executive officer of MF Global at the time
of its bankruptcy, I truly apologize to all those affected."



.