money. we are joined live. there are so many more questions than answers at this point. first of all, can you set the stage for us? what was corzine s strategy when he joined them. what k did he want to see happen. in addition it a former governor of new jersey, he is a former goldman sachs executive. when he went will he set out to make it boulder, riskier. it wasn t a simple brokerage that matched up buyers and sellers of commodities of trades and he decided to put on a proprietary bet and using mf global s money to use a bet and one of the big bets he made was betting on european debt. of course we all know a lot of that debt is in trouble and that drove the panic around mf global and ultimately caused their collapse. it was a bet he put on about a
money. we are joined live. there are so many more questions than answers at this point. first of all, can you set the stage for us? what was corzine s strategy when he joined them. what k did he want to see happen. in addition it a former governor of new jersey, he is a former goldman sachs executive. when he went will he set out to make it boulder, riskier. it wasn t a simple brokerage that matched up buyers and sellers of commodities of trades and he decided to put on a proprietary bet and using mf global s money to use a bet and one of the big bets he made was betting on european debt. of course we all know a lot of that debt is in trouble and that drove the panic around mf global and ultimately caused their collapse. it was a bet he put on about a