sachs, corzine explained the complicated deals on the we purchase transaction maturity or repose that mf used to buy, sell and buy back european sovereign debt. but the democratic former new jersey senator and governor also disputed widespread reporting alleging that m.f. failed chiefly because he invested in such debt too aggressively. i think the inability for those of us in management in m.f. global to convey what the losses were all about. often got conflateed with euro sovereign positions which there were actually no losses. a lot of people who suffered dramatically and will suffer since they won t be able to buy feeder o equipment, they won t be able to invest for the future year, this coming year in what they do, they suffer dramatically. corzine now faces at least seven federal investigations. multiple lawsuits. trustee disbursed $4 billion in m.f. global assets but the $1.2 billion remains