Corzine, Abelow Testify on Collapse of MF Global
Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., Bradley Abelow, chief operating officer and Henri Steenkamp, chief financial officer, testify before the Senate Agriculture Committee on the collapse of the New York-based brokerage. (This is part 1 of the second of three panels appearing before the committee. Source: Bloomberg).
00:00:00 Senate's opening statement 00:02:05 Never gave instructions to use client funds 00:05:04 Don't know if sales properly credited 00:05:28 JPMorgan contact about overdrafts 00:07:17 MF Global suffered "classic run on the bank." 00:18:12 MF Global executives respond to questions.
Running time 01:07:19