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Debbie Stabenow Calls on Jon Corzine to Testify About MF Global

By Doug Powers  •  November 28, 2011 04:35 PM

**Written by Doug Powers

Former MF Global head Jon Corzine is expected to testify at a House hearing next month, and he may now have to add a Senate hearing to the schedule:

Sen. Debbie Stabenow, D-Lansing, head of the Senate Agriculture committee, has called on John Corzine, former CEO of MF Global Holdings Ltd. and former governor of New Jersey, to testify before the panel on Dec. 13.
“The farmers, small business owners and others who trusted this firm are now facing tremendous hardship and may ultimately never recover all of their money,” said Stabenow, whose committee has jurisdiction on oversight investigations over the sort of commodity trading in which MF Global was engaged. “A discovery of this magnitude demonstrates yet again the need for strong oversight and protections for consumers to prevent this sort of abuse from occurring.”

Corzine and MF Global are being investigated for possibly burning through $1.2 billion of other people’s money — or as Stabenow calls them, “bush leaguers.”

And of course the week might conclude with a visit to the White House to be asked to offer more sage economic advice:

**Written by Doug Powers

Twitter @ThePowersThatBe

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