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Six Billion Dollar Bet: Jon Corzine, former head of Goldman Sachs and political power broker, took over MF Global in the spring of 2010 and lost a massive bet on European debt, with more than a billion dollars of customer funds missing. FRONTLINE investigates how Corzine’s traders went around MF Global’s risk officers and how he swayed regulators in Washington to allow risky practices to continue.
Six Billion Dollar Bet: Jon Corzine, former head of Goldman Sachs and political power broker, took over MF Global in the spring of 2010 and lost a massive bet on European debt, with more than a billion dollars of customer funds missing. FRONTLINE investigates how Corzine’s traders went around MF Global’s risk officers and how he swayed regulators in Washington to allow risky practices to continue.
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