Monday, December 12, 2011

"A Romance With Risk"

If you're a rich guy addicted to gambling with other people's money it's romantic.
His obsession with trading was apparent to MF Global insiders over his 19-month tenure. Mr. Corzine compulsively traded for the firm on his BlackBerry during meetings, sometimes dashing out to check on the markets. And unusually for a chief executive, he became a core member of the group that traded using the firm’s money. His profits and losses appeared on a separate line in documents with his initials: JSC.

So will JP Morgan be allowed to keep stolen cash?