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Senate panel to subpoena Jon Corzine on MF Global

Associated Press / December 7, 2011
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A Senate panel has voted to subpoena former Sen. Jon Corzine to testify about his role leading MF Global. The trading firm filed for bankruptcy on Oct. 31 after a disastrous bet on European debt. Nearly $1.2 billion is estimated to be missing from customer accounts. Sen. Debbie Stabenow, chairman of the Senate Agriculture Committee, said Corzine’s testimony at the Dec. 13 hearing is essential to learn what happened. The vote comes just days after the House Agriculture Committee took similar action to force Corzine to appear at a hearing Thursday.

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