Jon Corzine is the ex-Goldman Sachs executive who went on to be Governor of New Jersey and a bundler for President Obama’s campaign runs, only to move back into finance and take the helm of a commodity trading firm, MF Global. MF Global would then collapse into one of the largest U.S. bankruptcies in history as the company under Corzine’s direction bet heavily on sovereign debt using in-house lending, otherwise known as a prop bet, despite it not being any way related to the commodity trading that the company was known for.
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