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Corzine:Don't know where firm's missing money is

Jon Corzine House Panel Hearing

Jon Corzine told a congressional panel Thursday that he never intended to break rules requiring failed securities firm MF Global to safeguard client funds. He also said he doesn't know what happened to an estimated $1.2 billion that went missing.

Senh: It's probably under his mattress. That doesn't inspire confidence when you have no idea where your clients' money is. How is that even possible?

 

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