According to the NY Post Washington’s lawmakers are racing to take first crack at one of the most hated men on Wall Street. Yesterday, members of both the House and Senate were jockeying to put fallen MF Global CEO Jon Corzine on the hot seat after the collapse of the brokerage firm triggered multiple federal investigations and a massive search for some $1.2 billion in missing client money.
The House Agriculture Committee took the lead in the morning when it voted to subpoena Corzine, a former New Jersey governor and senator, to compel him to appear at a Dec. 8 hearing. It was a rare instance of lawmakers choosing to grill one of their own. Just hours later, lawmakers on the Senate Agriculture Committee called for subpoenas to be issued to Corzine and other MF execs to make sure he shows up at a separate hearing scheduled for Dec. 13. Corzine hasn’t responded to that committee’s earlier request for him to appear.
And a third panel, the House Financial Services Subcommittee on Oversight and Investigations, has also requested that Corzine show up at yet another hearing on Dec. 15....
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http://www.nypost.com/p/news/business/corzine_crisis_zGqEBL1LGGVzvPwMXQlnEI
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