May 23, 2012, 10:36 am ET · by Nathan TobeyJoin Six Billion Dollar Bet producers Martin Smith and Marcela Gaviria for a live chat featuring guest questioner Aaron Lucchetti from The Wall St Journal. You can leave a question now.
May 22, 2012, 9:44 pm ET · by Jason M. BreslowSeven months since MF Global filed for bankruptcy, here is what is known about the brokerage firm’s customers and what happened to $1.6 billion worth of their missing money.
May 22, 2012, 9:43 pm ET · by Sarah ChildressAs the markets reveled in JP Morgan’s $2 billion loss, and scrambled to understand the $6 billion wipe-out at MF Global, observers asked why, in the wake of the economic meltdown, anyone would take such extreme risks. The answer, of course, is that sometimes those gambles pay off.
May 22, 2012, 9:42 pm ETA former trader discusses those scary final days in late October 2011, and what it was like to learn that customer money was missing. “They were saying it was $500 million; then it was a billion,” he tells FRONTLINE. “It was just unbelievable. It was like a movie.”
When Jon Corzine took the reins of MF Global in 2010, the Wall Street brokerage was a deeply troubled firm. … Continue reading →