Posted 10 years ago on Dec. 11, 2011, 6:28 p.m. EST by ubercaput
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?