not too big to fail Dec. 2, 2011

Jon Corzine Called to Explain MF Global’s Failure to Congress

By Joe Coscarelli

NEW YORK, NY - SEPTEMBER 21: Former New Jersey Governor Jon Corzine (L) and wife Sharon Elghanayan attend the Opening Night Gala of New York Philharmonic sponsored by Breguet at Avery Fisher Hall at Lincoln Center for the Performing Arts on September 21, 2011 in New York City. (Photo by Neilson Barnard/Getty Images for The Swatch Group)

Photo: Neilson Barnard/2011 Getty Images

The House Agriculture Committee voted unanimously today to subpoena Jon Corzine, the former New Jersey governor, Goldman Sachs CEO, and “mini-Goldman” creator, about the bankruptcy of brokerage firm MF Global. The hearing isn’t until Thursday, so maybe by then he’ll have tracked down that missing $1.2 billion in customer funds.

Sources

Tags:

+Comments Leave a Comment

Corzine to Explain MF Global Failure to Congress

Things you buy through our links may earn Vox Media a commission.

Most Viewed Stories

Editor’s Picks

THE FEED

The Hot-Dog Cannon Is Better Than Any Baseball Game

27 years after its debut, it’s still the apotheosis of between-inning entertainment.

Donald Trump Has Finally Been Indicted: Updates

By Nia Prater, Chas Danner, and Intelligencer Staff

He will reportedly arrive in New York on Monday, and his advisers have apparently encouraged him not to make a scene.

Trump Is Going on Trial, But You Won’t Be Able to Watch

By Dan Novack and Mikey Osterreicher

New York is one of the only states that still prohibits cameras in trials. It’s long past time for that to change.

Most Popular

The Drama Lover’s Guide to the Coronation of King Charles

By Margaret Hartmann

Will Harry and Meghan show? Are performers snubbing Charles? Is Camilla making a sneaky title change? Here are all the biggest controversies.

tremendous content

tremendous content

Ivanka Trump Declares Neutrality on Father’s Indictment

By Margaret Hartmann

She issued a statement that is 27 words long and somehow says absolutely nothing — though her broader message was crystal clear.

early and often

early and often

The Case(s) Against Donald Trump

It’s hard to keep track, so we made a guide.

early and often

early and often

Trump in Handcuffs? How His Indictment Is Likely to Play Out

The former president will be photographed and fingerprinted, for starters.

the dominion lawsuit

the dominion lawsuit

All the Texts Fox News Didn’t Want You to Read

By Nia Prater, Matt Stieb, and Benjamin Hart

A new court filing reveals messages from Rupert Murdoch saying the network went “too far” and Tucker Carlson saying he hates Trump “passionately.”

early and often

early and often

Trump’s Indictment Could Ruin DeSantis’s 2024 Candidacy

If the indictments give Trump another polling surge, his GOP rivals will be forced into an impossible position. Will the governor rethink his plans?

Michael Cohen Is Already Undermining the Trump Prosecution

By Ankush Khardori

Immediately after the indictment, he says he didn’t really mean his guilty plea. Good luck on the witness stand.

The #Resistance Is Back and Super-Psyched About Trump’s Indictment

After years out of the spotlight, the very online liberals who love to hate Trump are ready to celebrate.

Is AI Coming for Coders First?

By John Herrman

The tech industry is running a big experiment on itself.

The Meltdown of a Gay Bank

By Jen Wieczner

What went wrong when an LGBTQ+ start-up set out to disrupt finance.

early and often

early and often

How Trump’s Allies and GOP Rivals Are Reacting to His Indictment

By Benjamin Hart

“This is stuff that would make Mao, Stalin, Pol Pot blush.”

early and often

early and often

Trump’s Indictment: The Immediate Political Fallout

The big question is whether this and other indictments alienate general-election voters enough to undermine Trump’s electability.

the national interest

the national interest

The Strange Trials of Our First Criminal President

By Jonathan Chait

The awesome task of restoring faith in a legal system Trump has spent his life discrediting.

tremendous content

tremendous content

Trump Still Plotting Not-So-Secret Attack on Mexico

By Margaret Hartmann

He’s still asking advisers to draw up “battle plans” to attack drug cartels with or without Mexico’s consent. But now he can’t feign ignorance.

Ron DeSantis Got Played by Disney

The board in charge of the Florida park sabotaged his hostile takeover.

early and often

early and often

Now It’s Republicans Who Are Divided on Iraq War Authorization

Senate Democrats split on the original Iraq War authorization while Republicans were united. Twenty years later, a repeal vote divided GOP senators.

the national interest

the national interest

The Republican Debt-Ceiling Hostage Scheme Is Collapsing

By Jonathan Chait

Step one is to name a demand. The House can’t even do that!

foreign interests

foreign interests

Russia Detains Wall Street Journal Reporter, Alleging He Is a Spy

Evan Gershkovich is the first foreign journalist to be detained there since the war in Ukraine began.

the national interest

the national interest

How Trump Can Use Social Security and Medicare to Destroy DeSantis

By Jonathan Chait

Forget Ukraine. Retirement programs are the real killer.

Millennials Aren’t Killing ‘Objective’ News — the Market Is

The modern attention economy is an enemy of conscientious reporting and intellectual humility.

There’s Something Off About LED Bulbs

Have you started to notice, too?

The Year March Madness Went Too Mad

With a surfeit of Cinderella stories in the men’s tournament, look to the women’s Final Four for excitement.