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