MF Global Exposes Prop-Trading Risk

MF Global Exposes Prop-Trading Risk

Richard Perry/The New York Times/Redux

Jon Corzine’s failure “is OK because MF Global is not such a large institution that it’s going to bring down the entire financial system with it,” Neil Barofsky, a former special inspector for the U.S. Treasury’s Troubled Asset Relief Program, said on Bloomberg Television’s “InsideTrack.”