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  • **FILE** Commodity Futures Trading Commission Chairman Gary Gensler testifies on Capitol Hill in Washington before the Senate Banking Committee on July 30, 2013, as lawmakers examine how to mitigate systemic risk in financial markets through Wall Street reforms. (Associated Press)

    Commodities watchdog shuttered by shutdown

    While the financial markets are closely eyeing the shutdown of the government, Wall Street itself is barely being monitored by one of its federal watchdogs, who says it's had to furlough most of its staff.

  • LETTER TO THE EDITOR: Fight against court tyranny

    Is anyone in the liberal world ever responsible or accountable for anything? Bankruptcy Judge Martin Glen has denied a request from a coalition of former MF Global customers to depose former New Jersey Gov. Jon Corzine and other senior company officials, saying the customers have no standing because they were not direct clients of MF Global Holdings Inc.

  • Republicans on a House panel that probed the collapse of MF Global are pinning the blame on Jon Corzine, a former Democratic senator. (Associated Press)

    Corzine cited in MF Global failure

    Republicans on a House panel that investigated the collapse of the brokerage MF Global are pinning the blame on ex-CEO Jon Corzine, a former Democratic senator and governor.

  • A trustee's report says Jon Corzine led MF Global to trade in unsafe securities and take on far greater risk than comparable companies. (Associated Press)

    Breach-of-duty suit vs. Corzine possible

    Former New Jersey Democratic Gov. Jon Corzine could face a lawsuit from the trustee trying to recover $1.6 billion in customer money from the collapse of the brokerage firm MF Global.

  • Bradley Abelow, MF Global president and COO, is sworn in Dec. 13, 2011, on Capitol Hill prior to testifying before the Senate Agriculture Committee. (Associated Press)

    MF Global chief missing $1.2B is financial adviser to EPA

    Even as he finds himself the public face of investment firm MF Global's bankruptcy and admitted to lawmakers that he had no idea how client funds disappeared, Congress and the administration have voiced no public concern about Bradley Abelow's role advising the $8.6 billion government agency on its finances.

  • Illustration by Greg Groesch for The Washington Times

    NUGENT: Corzine the Corrupt

    Where there is billowing, suffocating smoke, there generally is fire. The dark smoke of corruption is billowing around former Democratic senator, New Jersey governor, Goldman Sachs bigwig and MF Global Chairman and CEO Jon Corzine. A pall of suspicion has followed Corzine the Corrupt's career like flies at a summer barbecue.

  • From left: Jon Corzine, former MF Global Holdings Ltd. chairman and CEO; Bradley Abelow, MF Global president and COO; and Henri Steenkamp, MF Global CFO, are sworn in Dec. 13, 2011, on Capitol Hill prior to testifying before the Senate Agriculture Committee. (Associated Press)

    Corzine says he never authorized 'misuse' of money

    Questioned by senators he once served with, Jon Corzine told a panel Tuesday that he never told anyone to "misuse" customer money that vanished when MF Global collapsed this fall.

  • Economy Briefs

    The Harrisburg City Council has appealed a judge's decision to throw out the bankruptcy petition of Pennsylvania's debt-choked capital city, its attorney said.

  • Former Sen. Jon Corzine led MF Global until last month. (AP Photo)

    Corzine blames predecessors for MF Global's fall

    Jon Corzine will tell a House panel Thursday that he doesn't know the location of client money that went missing when MF Global failed. And he will argue that he inherited a firm doomed by the risks his predecessors took.

  • Trading firms get new rule for investing clients' funds

    A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action comes amid a federal investigation into whether MF Global illegally tapped its clients' accounts before filing for bankruptcy.

  • ** FILE ** In this Oct. 20, 2009, file photo, then New Jersey Gov. Jon S. Corzine answers a question during an interview with the Associated Press, in Trenton, N.J. (AP Photo/Mel Evans, File)

    House panel votes to subpoena Corzine on MF Global

    A congressional panel has subpoenaed former Sen. Jon Corzine to testify next week about his role leading MF Global, a brokerage firm that collapsed this fall after a disastrous bet on European debt.

  • Former Sen. Jon Corzine led MF Global until last month. (AP Photo)

    Senate panel to investigate MF Global collapse

    The top Democrat and Republican on a key Senate panel say Congress should look deeply into what led to the collapse of MF Global, a trading firm run by one of their former colleagues.

  • Former New Jersey Gov. Jon Corzine has headed MF Global Holdings Ltd. since early last year. (Associated Press)

    MF Global trustee says $1.2B or more missing

    The court-appointed trustee overseeing MF Global's bankruptcy says up to $1.2 billion is missing from customer accounts, double what the firm had reported to regulators last month.

  • Armstrong Williams (Courtesy of

    WILLIAMS: Jon Corzine's reckless governance

    Did the great Jon Corzine not learn from the greatest financial meltdown seen in the U.S. economy? The answer is simple, here is another example to the entrusted "gambling with other people's money."

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