Jon Corzine three days of testimony about the collapse of the MF Global offers little to meet lawmakers or clients who lost millions when securities companies fail. But legal experts say Corzine helped himself by choosing words carefully and articulate explanation is difficult to deny.
Approximately $ 1.2 billion found to be missing from the client account when MF Global failed on October 31, became the largest bankruptcy in United States history. Most of the money is missing belonging to farmers, ranchers and other business owners who use MF Global to reduce the risk of fluctuating prices of commodities such as corn and wheat.