MF Global and the New Era of Crony Capitalist Regulation

`` It's still not clear in this case whose hands dipped into customer funds or why, but it's hard to imagine a financial firm raising more red flags than MF Global did under former Chairman and CEO Jon Corzine. A former New Jersey senator and governor, he took the top job at MF Global in March of 2010, four months before enactment of the Dodd-Frank financial reform law. The former Goldman Sachs chief had been out of the Wall Street game for a decade while he pursued his political ambitions, but MF Global shares rallied on the news of his hiring. ''