Charlie Gasparino at Fox Business News reports that the men who ran MF Global before its demise have yet to inform a U.S. House subcommittee about whether they will voluntarily agree to testify in upcoming hearings investigating the firm's demise.
Staffers for the House Financial Services Committee's subcommittee on Oversight and Investigations were working late Sunday afternoon in preparation for their Dec.15 hearing, but have yet to hear from representatives of former MF Global Chief Executive Jon Corzine and the firm's President Bradley Abelow about whether they will voluntarily agree to testify, people close to the subcommittee say.
The men had until 10 a.m. EDT Monday to respond, according to a letter the subcommittee sent requesting their public testimony. If they ultimately refuse, it will raise the political stakes for the subcommittee as it prepares for the hearing. Corzine, a long-time Democrat dating back to his days as chief executive at Goldman Sachs, is also a former New Jersey governor and major Wall Street supporter of President Obama…..
Read more: http://www.foxbusiness.com/industries/2011/11/27/corzine-abelow-will-testify-on-capitol-hill/#ixzz1f1VKBr1S
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