Jon Corzine and other ex-managers of MF Global Inc. are appealing a court ruling calling for 100 percent repayment to customers of the bankrupt brokerage, a move its trustee said may delay distributions.
New Jersey Governor Chris Christie trounced his Democratic opponent to win a second term and bragging rights as a potential 2016 Republican candidate for U.S. president who can appeal across party lines.
Jon Corzine, the former head of MF Global Holdings Ltd., shouldn’t be able to use money that would flow to creditors of the bankrupt futures broker to cover the damages he and others caused to its former customers, according to a court filing today from the Commodity Futures Trading Commission.
At the height of tourist season, 150,000 people vacation on Long Beach Island, an 18-mile stretch of New Jersey shore. The crowds are gone by October, when the traffic signals blink amber along the main boulevard.
Seven in 10 New Jersey residents have never heard of Lieutenant Governor Kim Guadagno, who would be the state’s chief executive if Republican Chris Christie wins a second term and then leaves amid a 2016 presidential bid.
Anyone who remembers the collapse of Lehman Brothers Holdings Inc. little more than five years ago knows what a global financial disaster is. A U.S. government default, just weeks away if Congress fails to raise the debt ceiling as it now threatens to do, will be an economic calamity like none the world has ever seen.