called it

  • 04 Nov 2011 at 5:52 PM

Former Corzine Colleague Totally Called This

Fuzzy thinking and winging it might not lead to total disaster at a place like Goldman, which eventually worked its way out of the Long-Term Capital mess, but it could, and did, at a place like MF Global, a midsize brokerage firm where the CEO has a free hand. “That’s why the meltdown didn’t really surprise me,” says another former colleague. “What happened is typical Corzine.” [TDB/Charlie Gasparino]