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The Astonishing Collapse of MF Global eBook: Matt Koppenheffer, John Reeves, Molly McCluskey, Tim Beyers, Alex Dumortier: Kindle Store. How do you lose $1.2 billion seemingly overnight? How does a man who once ruled Wall Street (and an entire state) fall so far so fast? Who knew what…and when? The Motley Fool dispatched an all-star team of analysts to investigate the MF Global story, and this e-book is the result.The disastrous collapse of futures broker MF Global has many narratives: The failure of a 200-year-old company, the mysterious disappearance of $1.2 billion of supposedly segregated customer money, the fall from grace of former Goldman Sachs Chairman and prominent politician Jon Corzine, the "no-risk" repo-to-maturity trade that (surprise!) had serious risk after all, and the failure of watchdogs to notice any of this.In this e-book, our team of Motley Fool writers pushes aside the curtain to reveal the circumstances surrounding the collapse of MF Global, the eighth-largest bankruptcy in United States history. We undertook extensive research that included scouring thousands of pages of primary-source documents and interviewing current and former MF Global employees, clients, lawyers, regulators, and other experts and industry participants. We've pieced together a picture that is in many ways uncomfortably familiar. Yet it also brings new lessons that highlight an urgent need for reform. Our aim here is to make sense of a very complex story. We hope we have succeeded in our task.
Shipping Weight: 2 pounds