Thursday, December 08, 2011
Corzine rehypothecation perjury
Jon Corzine just perjured himself. He stated that he had no knowledge of client assets ever having been pledged as collateral. Yet in earlier testimony and through a number of actions it was made clear that the MF Global business model depended on rehypothecation, and the benefits of the UK branch.
update: original Reuter's acticle
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1:25 PM
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