Archive for November, 2011

Somewhere the ghost of Richard Whitney is laughing

November 1, 2011

What happened at MF Global | Felix Salmon

For traders, risk managers are always the enemy; Corzine was a poacher who was never going to be comfortable in a role as gamekeeper. The Goldman culture kept him in check, to some degree, before it pushed him out; on his own, he was — literally — out of control. And as a result, thousands of his employees are now out of jobs. It’s a truly ignominious end to Corzine’s career.