On Corzine: MFG in the Fog of War

I watched Jon boy. I didn’t hear any smoking guns. That doesn’t mean there weren’t any. Keep in mind that Corzine has the best lawyer (for this) that money can buy. Andrew Levander has been advising the More...

A Bet for Bullard: The MF Global Debacle Will Yet Prove to be a Problem for the Markets

James Bullard (St, Louis Fed head) was on TV this morning. He said a number of things that I thought were off base. The biggest was his comment on the collapse of MF Global.       Bullard was pretty More...

Corzine and the MF Global Story

The MF Global story gets more bizarre by the minute. At this point one has to ask if it could become a systemic problem. At first, I did not think so. I’m rethinking that. There is no definitive information as More...