not too big to fail
MF Global Reportedly Paid Bonuses Just Before Bankruptcy
Employees of the commodities firm in England were awarded their quarterly bonuses last Monday, the Telegraph is reporting, just hours before the company declared bankruptcy in the U.S. The firm, which was run by ex-New Jersey governor and Goldman Sachs CEO Jon Corzine, is currently under investigation, chiefly because of the $630 million in client funds that were nowhere to be found when everything went to hell. Now some eyes are on J.P.Morgan, so everything is bound to work out.
MF Global paid bonuses just hours before bankruptcy [Telegraph UK]
Face-Off Over Shortfall [WSJ]
