Live Chat: The Collapse of MF Global
MF Global (OTC: MFGLQ), the futures broker that was run by former Goldman Sachs (NYS: GS) Chairman Jon Corzine, folded in spectacular fashion and left a crater in its wake. In addition to destroying the eighth largest futures broker in the country and putting thousands of jobs at risk, the bankruptcy also revealed a gaping, $1.2 billion hole in the customer segregated accounts at the brokerage. That's cash that belongs to tens of thousands of farmers, fund managers, and independent traders all over the country.
The MF Global story is one that's complex and continues to unfold, so following the release of its in-depth report on the broker's failure, The Motley Fool's MF Global team is hosting this live chat to answer readers' questions about what exactly happened at MF Global, what's yet to be learned, and what the implications of the failure are for the futures industry and the financial system as a whole.
From 2:30 to 4 p.m. ET, we'll be live, answering your questions about MF Global. Just click below and join the chat with your thoughts and questions about the MF Global disaster.
At the time this article was published Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.Motley Fool newsletter services have recommended buying shares of The Goldman Sachs Group.
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