MF Global execs ignorance, silence stymie Congress

WASHINGTON (Reuters) - An MF Global executive who has become a central figure in the desperate shifting of funds before the brokerage's collapse, refused to answer questions from Congress on Wednesday, frustrating lawmakers probing why an estimated $1.6 billion of customer money is missing.

COOPERATING WITH FEDERAL PROBE: Three MF Global executives say they are cooperating with a Justice Department investigation into the collapse of the brokerage firm last fall and more than $1 billion in customer money that vanished. But they largely deflected questions about the missing money at a congressional hearing Wednesday.

Lawmakers examining the collapse of MF Global skewered the top U.S. futures regulator for sitting out his agency's probe of the bankrupt brokerage, whose former chief executive, Jon Corzine, is due to ...

WASHINGTON (Reuters) - Lawmakers examining the collapse of MF Global skewered the top U.S.

Reuters - Lawmakers examining the collapse of MF Global skewered the top U.S. futures regulator for sitting out his agency's probe of the bankrupt brokerage, whose former chief executive, Jon Corzine, is due to face his own drubbing later this week.

WASHINGTON (AP) — A trustee overseeing MF Global says a risky trading strategy and "negligent conduct" by former CEO Jon Corzine and his top managers contributed to the brokerage firm's collapse in late 2011.

Today's lead story on Bloomberg and the primary theme throughout the financial MSM is Merkel’s Isolation Deepens As Draghi Criticizes Strategy. This is general pressure to force Merkel to succumb to extreme short term thinking that will most assuredely bring the EU to its knees and potentially end the hegemony of what use to be the European empire - that is unless... You know.... This time is different!