Forum Post: Corzine scandal
Posted 12 years ago on Dec. 11, 2011, 6:28 p.m. EST by ubercaput
(175)
from New York City, NY
This content is user submitted and not an official statement
Former Goldman-Sachs official Corzine gambled with the assets of its customers and lost 1.2 Billion: "How could such a thing happen? I had always assumed it was impossible and that strict internal controls existed at all brokerage firms so that firm officials couldn’t tap segregated customer funds even if they were willing to break the law. Thanks to MF Global, it’s now apparent that isn’t necessarily true. "
Time to regulate the financial markets and Occupy WallStreet?
You want more regulations? How come it didn't work in this case? What would more regulation do?