The big story of the day in finance is the bankruptcy of MF Global -- the futures trading house
run by ex-Goldmanite ex-Democratic US Senator, ex-Democratic Governor Jon Corzine.
(the guy Chris Christie defeated)
Even before filing for bankruptcy, Corzine's firm was suspended from dealing with the New York Fed,
and two exchanges banned the firm's traders from accessing their trading floors. DealBook reported
that Corzine's severance package could allow him to walk away with around $12 million in the event
of a sale. That's $12 million for joining a company and, in two years, flying it into a mountain!
