Just two weeks after MF Global filed for Chapter 11 bankruptcy, the trustee overseeing the failed futures brokerage disclosed plans on Friday to fire all of its broker dealer employees as it liquidates the business.
In a statement, the court-appointed trustee, James Giddens, said the broker dealer’s 1,066 employees were notified on Friday that their employment has been terminated, effective immediately.
Lucky for America, Jon Corzine has an inside track to
not only the WH, but to the very people who regulate our markets. I wonder if they'll be lining to cover his back when the court cases start?