I've received some questions about where the board of directors of MF Global was during the time when Jon Corzine took on so much additional risk. What were they told about what MF Global was doing? What did they know?
One thing's for sure: it's a sophisticated board. It includes a former CEO of HSBC (Martin J.G. Glynn), a managing director at J.C. Flowers (David L. Schamis), and the head of the world's largest inter-dealer money broker, ICAP plc (David Gelber).