Comments on: MF Global: gross negligence or intent http://blogs.reuters.com/unstructuredfinance/2011/12/08/mf-global-gross-negligence-or-intent/ Where Wall St. and Main St. intersect Fri, 22 Nov 2013 23:06:16 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Matthew Goldstein http://blogs.reuters.com/unstructuredfinance/2011/12/08/mf-global-gross-negligence-or-intent/comment-page-1/#comment-77 Wed, 21 Dec 2011 19:58:47 +0000 http://blogs.reuters.com/unstructuredfinance/?p=246#comment-77 In saying “just noise,” i am not trying to diminish the issue of whether Corzine operated MF Global with too much risk. What i’m just pointing out that is not what the issue of whether this is a civil or criminal matter will turn on.

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By: gcutting http://blogs.reuters.com/unstructuredfinance/2011/12/08/mf-global-gross-negligence-or-intent/comment-page-1/#comment-76 Wed, 21 Dec 2011 17:36:50 +0000 http://blogs.reuters.com/unstructuredfinance/?p=246#comment-76 It’s good to find some commentary on the possible criminal nature of what happened at MF Global. But it seems myopic (and grammatically redundant) to say that “all you need to know is that the only thing that really matters in the MF Global investigation is whether the line between gross negligence and intent was crossed within the firm.” Issues such as “whether Corzine operated MF Global with too much leverage, the risky bets he made on European debt and the level of regulatory disclosure” are part and parcel of why a shortfall in funds exist, what set of decisions led to that outcome, and the larger structure of our financial system. These are the key questions in any inquisitive reader’s mind – hardly “just noise”.

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