• 31 Oct 2011 at 10:36 AM

MF Global USA Files For Chapter 11

By

According to Reuters, earlier talks with Interactive Brokers fell apart.

In related news, should Jon Corzine be leaving the company in the near or distant future, any suggestions for future gigs? Treasury Secretary, back to Goldman, Prime Minister of Greece, Yahoo! CEO? Sky’s the limit here.

Sign up for the Dealbreaker newsletter

Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

— Advertisement —

Comments (62)

  1. 1
    Posted by WCrasher | October 31, 2011 at 10:37 AM

    Another unimpressive venture by non other than Jon Corzine

  2. 2
    Posted by pazzo83 | October 31, 2011 at 10:40 AM

    I think he should take his talents to Stamford.

  3. 3
    Posted by Mexi_Cant | October 31, 2011 at 10:40 AM

    Corzine still has nothing on Meriwether.

  4. 4
    Posted by ralongx | October 31, 2011 at 10:46 AM

    He should start a 501(c)3 org. in Newark, to join the other hundreds looting the place…

  5. 5
    Posted by David Einhorn | October 31, 2011 at 10:47 AM

    I would like to see Mr. Corzine become Chairman and CEO of Green Mountain Coffee Roasters.

  6. 6
    Posted by guest | October 31, 2011 at 10:47 AM

    Yes! But are you thinking as Beamer's talent manager or CEO of UBS? Either way, we want him.

    -CT Denizen

  7. 7
    Posted by Barack Obama | October 31, 2011 at 10:47 AM

    I hear there's a lot of money to be made in Solar energy. Solar Jon, Solar.

  8. 8
    Posted by pazzo83 | October 31, 2011 at 10:49 AM

    Well both are part-time gigs, right?

  9. 9
    Posted by Guest | October 31, 2011 at 10:50 AM

    Boo!!! ::scary face::

  10. 10
    Posted by B2b MD | October 31, 2011 at 10:52 AM

    Corzine, Meriwhether and Hunter to form: Inferno Capital Mgt seeking to invest in non-correlated assets such as: 1) Tim Tebow futures; 2) short Vagisil against Kardasian box; and 3) pared option trades on sustainability of the OWS movement.

    I hear a bunch of Estonian banks are interested.

  11. 11
    Posted by Mexi_Cant | October 31, 2011 at 10:56 AM

    I don't understand what the Tebow reference is doing there.

    -Chase Retail Branch Manager in Denver, CO

  12. 12
    Posted by Benjamin Braddock | October 31, 2011 at 11:00 AM

    Plastics..

  13. 13
    Posted by He's a Twofer | October 31, 2011 at 11:01 AM

    The next mayor of Harrisburg, PA — with both municipal and bankruptcy experience, he's the ideal candidate.

  14. 14
    Posted by Silvio B. | October 31, 2011 at 11:04 AM

    Hander-outer of colored bracelets for insurance parties?

    No, wait, that's too important a job for him.

  15. 15
    Posted by Put_Option | October 31, 2011 at 11:07 AM

    Maybe you should give Governor of New Jersey another shot? You shouldn't have called me fat. Best of luck going forward.

    - C. Christie, who is in fact fat

  16. 16
    Posted by inlovewithpmco | October 31, 2011 at 11:12 AM

    risk is our friend

  17. 17
    Posted by Lars | October 31, 2011 at 11:15 AM

    He should start a tree and plow service. It worked for me.

    -Call Mr. Plow …cuz thats my name….

  18. 18
    Posted by Bandersnatch | October 31, 2011 at 11:17 AM

    Drop him into Iran. Either they will eliminate him or he will cause massive damage to them; either way we're better off.

  19. 19
    Posted by guest | October 31, 2011 at 11:18 AM

    Bo Collins can manage Inferno's risk

  20. 20
    Posted by Guest | October 31, 2011 at 11:19 AM

    Next Secretary of the Treasury. It's the logical step.

  21. 21
    Posted by Merritt Parkway | October 31, 2011 at 11:21 AM

    real estate!

  22. 22
    Posted by Merritt Parkway | October 31, 2011 at 11:22 AM

    Mr Snatch:

    I'm always liked you.

  23. 23
    Posted by Alt_EST | October 31, 2011 at 11:26 AM

    Stunt double for The Most Interesting Man in the World.

  24. 24
    Posted by PermaGuestII | October 31, 2011 at 11:28 AM

    Meriwether never ran for public office, though.

  25. 25
    Posted by DaveyNC | October 31, 2011 at 11:36 AM

    He should partner up with Jamie Gorelick, another Clintonista and together form MD Global. MD standing for "Masters of Disaster".

  26. 26
    Posted by PermaGuestII | October 31, 2011 at 11:36 AM

    Management professor at Rutgers. "Those who can, do. Those who can't, teach."

  27. 27
    Posted by Houston Secure | October 31, 2011 at 11:40 AM

    Worst comment this season. Go swim with used needles.

  28. 28
    Posted by Guest | October 31, 2011 at 11:40 AM

    JC – let talk!

    - Andy Madoff

  29. 29
    Posted by guest | October 31, 2011 at 11:41 AM

    I don't always drink beer, but when I do, I'm crushing 10 Dos Equis in 2 hours and making unwise strategic decisions to run a company or state government into the ground. Stay thirsty, mi amigos….

  30. 30
    Posted by Womyn's Studies PhD | October 31, 2011 at 11:44 AM

    Hey!

    -E. Callan

  31. 31
    Posted by guest | October 31, 2011 at 11:44 AM

    Worst Simon Cowell impression ever! Take a long walk off a short pier.

  32. 32
    Posted by GuestofTheGuest | October 31, 2011 at 11:59 AM

    I think he has done a comparable level of damage. A sad day for Chicago Booth – so far all big losers (Meriweather, Corzine, Scholes, etc) no big winners (Booth is too small).Unless someone knows of a big winner – many billions made that is.Time to rethink those rankings…

  33. 33
    Posted by geoffgeoffgeoff | October 31, 2011 at 12:05 PM

    S my D while I J all over your Bs.

    -Mayor Booker

  34. 34
    Posted by guest | October 31, 2011 at 12:10 PM

    CNBC presnts Corrazine&Cramer the last word in investing for profits.

  35. 35
    Posted by Sacramento | October 31, 2011 at 12:14 PM

    Hands off! We called first dibs.

  36. 36
    Posted by Ddddsd | October 31, 2011 at 12:18 PM

    Corzine crashes again.

  37. 37
    Posted by Restaurant Promo MD | October 31, 2011 at 12:23 PM

    Corzine & Wollensky?

  38. 38
    Posted by Fred Wilpon | October 31, 2011 at 12:23 PM

    The Mets are looking for a new manager………..

  39. 39
    Posted by Optimus Quant | October 31, 2011 at 12:25 PM

    MF Doom

  40. 40
    Posted by Guest | October 31, 2011 at 12:37 PM

    Ball bearings

  41. 41
    Posted by TheodoreBallgamePhD | October 31, 2011 at 12:38 PM

    Give it time. Corzine is only in his third (tragic) act.

  42. 42
    Posted by From left to right | October 31, 2011 at 12:42 PM

    I'm not impressed.

    - R. Fuld

  43. 43
    Posted by 2Broke2tradew/real$ | October 31, 2011 at 12:42 PM

    Thanks for blowing up my UpDown.com portfolio JC.

  44. 44
    Posted by 2whale2whale | October 31, 2011 at 12:46 PM

    Empathy table night shift.

  45. 45
    Posted by Guest | October 31, 2011 at 12:46 PM

    JC,

    Heard the news, my condolences. Hopefully people will remember all the good you've done as CEO rather than this little speed bump – I know we have, and we've got a CEO spot opening up as well. Hit me up.

    UBS Head

  46. 46
    Posted by Guest | October 31, 2011 at 12:53 PM

    "Chief Risk Officer at MF Global "

    "Michael has been a Visiting Scholar at The Tuck School of Business at Dartmouth College, co-creating and lecturing in a Financial Markets Crisis course…. He has been a frequent guest lecturer and co-authored and published in …..Fall 2008 an article on the credit crisis entitled the "100 Year Flood".
    http://www.linkedin.com/pub/michael-stockman/13/6…

  47. 47
    Posted by HungryIntern | October 31, 2011 at 12:56 PM

    I am not sure GS would be willing to buy any of the assets in Iran.

  48. 48
    Posted by Marty Mornhinweg | October 31, 2011 at 1:00 PM

    Defensive coordinator for the Dallas Cowboys?

  49. 49
    Posted by nachocheese | October 31, 2011 at 1:15 PM

    Next NBA Commish???

  50. 50
    Posted by Guest | October 31, 2011 at 1:17 PM

    Bad for the enviornment !

  51. 51
    Posted by guest | October 31, 2011 at 1:18 PM

    He was tainted….12 years at UBS!

  52. 52
    Posted by nachocheese | October 31, 2011 at 1:18 PM

    let's round it out…..add me as the 3rd stooge…

    Dick Bove

  53. 53
    Posted by guest | October 31, 2011 at 1:37 PM

    How about Chairman of the OWS Finance Committee?

  54. 54
    Posted by jerseyshorenomore | October 31, 2011 at 1:40 PM

    Dear MF Global,

    You should have known better.

    -New Jersey

  55. 55
    Posted by guest | October 31, 2011 at 1:43 PM

    http://www.waterstechnology.com/buy-side-technolo…
    This collapse comes as quite a shock. It was only seven months ago that MF Global chief risk officer Michael Stockman told Risk that his firm was actively looking to take on more risk. "We are going to be actively and aggressively seeking to take risks in a broad fashion," he said. "In our client-facing businesses—this is no surprise as we build out—I would suggest we are not taking enough risk."

  56. 56
    Posted by Don Glover | October 31, 2011 at 2:09 PM

    We always have room for you , Jon.

    -Bernie

  57. 57
    Posted by heteroskedasticity | October 31, 2011 at 3:18 PM

    [youtube GK3egnlqw2Q http://www.youtube.com/watch?v=GK3egnlqw2Q youtube]

  58. 58
    Posted by Anonymous | October 31, 2011 at 3:46 PM

    so in that photo, is Jon describing a recent "date" with Lynn T?

  59. 59
    Posted by the dude | October 31, 2011 at 4:15 PM

    I hear UBS is interested

  60. 60
    Posted by GentlemanTrader | October 31, 2011 at 5:46 PM

    just awful.

  61. 61
    Posted by Guest | October 31, 2011 at 8:28 PM

    What does John Lipton have to do with MF Global

  62. 62
    Posted by Genoveva Terherst | May 10, 2012 at 1:29 AM

    Yes, Honestly I think you are right about this. I wish you might let us know more about this in foreseeable future posting as well. Waiting for that.. Many thanks all over again

Leave a comment

You can log in with your account or comment as a guest below.

   or