Bloomberg View: Lessons of Corzine's Collapse; Invasion of the Body-Part Market

Lessons of Corzine’s Collapse ● Invasion of the Body-Part Market

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

November 3, 2011 at 10:56 PM UTC

This article is for subscribers only.

BusinessWeek Cover Image (11_46, 600x2116)

This article is part of the November 7, 2011 issue of businessweek.

The bankruptcy of MF Global Holdings is the first major U.S. casualty of the European sovereign-debt crisis. The trading firm’s demise is no small matter: Its $40 billion in debt is on the scale of Chrysler’s 2009 failure.

The MF meltdown is also sad news for creditors, shareholders, and almost 3,000 employees, not to mention a humbling blow to Chief Executive Officer Jon S. Corzine, the former Goldman Sachs head, U.S. senator, and New Jersey governor.