House Republicans condemned former MF Global Holdings Ltd. Chief Executive Jon S. Corzine for making poor decisions that led to the firm’s collapse, but the lawmakers stopped short of saying anyone at the company broke the law by taking customer money. MF Global filed for bankruptcy a year ago, and the futures firm’s customers are still owed an estimated $1.6 billion. Mr. Corzine, a former Democratic senator and New Jersey governor, has faced widespread criticism but no criminal charges in connection with the collapse. “Choices made by Jon Corzine during his tenure as chairman and CEO sealed MF Global’s fate,” Rep. Randy Neugebauer (R., Texas), the chairman of the House Financial Services Subcommittee on Oversight and Investigations, said in a statement. Mr. Neugebauer’s committee on Wednesday released excerpts of its report on the futures firm’s collapse. [WSJ]

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Comments (16)

  1. Posted by Hobbes | November 14, 2012 at 3:17 PM

    If Congress had a performance review, it would make Corzine look like a god among men.

  2. Posted by Raj | November 14, 2012 at 3:17 PM

    That's where I went wrong – I should have said I never intended to break any rules or any laws.

  3. Posted by Guest | November 14, 2012 at 3:34 PM

    In another life Corzine could definitely have played Billy Bob Thornton's character in Bad Santa…in another life my friend in another life…

  4. Posted by FKApmco | November 14, 2012 at 3:34 PM

    That's just like saying the buck stops with a CEO.
    In other news, it may get cold this winter.

  5. Posted by Lloyd Christmas | November 14, 2012 at 3:38 PM

    Don't you worry about a thing, Mr. Noogieburger.

  6. Posted by EVP, HR HR | November 14, 2012 at 3:41 PM

    Stop doing these things: fucking up companies, betting your firm's existence on debt of imploding companies from your blackberry, overstocking the swag room with light-up glowing bouncy balls
    Start doing these things: start a garden, buy a condo in Naples, take an Alaskan glacier cruise next summer

  7. Posted by Guest | November 14, 2012 at 3:46 PM

    No it won't.

    – Al Gore

  8. Posted by _guest | November 14, 2012 at 4:27 PM

    Keep up the good work guys!

    -Mr. Sarbanes & Mr. Oxley

  9. Posted by Guest | November 14, 2012 at 5:02 PM

    Well, this is just a type thing that happens to people that wear North Face fleece…

  10. Posted by guest | November 14, 2012 at 5:03 PM

    Congress is the last group of people who would want stupidity criminalized

  11. Posted by qwestion | November 14, 2012 at 6:11 PM

    Caption: "Jon Corzine enjoys a cup of hot joe while pondering the list of possible enterprises he can fuck up next."

  12. Posted by GLD | November 14, 2012 at 6:35 PM

    Maybe he join Sallie Krawchek and help people stash their gold.

  13. Posted by Puck It | November 14, 2012 at 7:31 PM

    Sadly, they do have performance reviews….they're called "elections"….and the morons who were in office already got passing grades. Meet the new boss/same as the old boss.

  14. Posted by Guest | November 15, 2012 at 2:54 AM

    The fuck did that year go??

    – guy who's missing about 26 weeks of his life

  15. Posted by Guest | November 15, 2012 at 7:21 AM

    Caption: "Jon Corzine taking a break from planning the next Democratic fund raising party, which will be on his new $1.6B yacht"

  16. Posted by Grammar Deputy | November 15, 2012 at 10:18 AM

    who > that.
    Actually, Corzine is not human. STET