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House panel votes to subpoena Corzine on MF Global

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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 09:26 AM
Original message
House panel votes to subpoena Corzine on MF Global
Edited on Fri Dec-02-11 09:27 AM by dipsydoodle
Source: Associated Press

WASHINGTON -- A congressional panel has voted to subpoena former Sen. Jon Corzine to compel him to testify at a hearing next week about his role leading the investment firm MF Global, which collapsed after a disastrous bet on European debt.

The House Agriculture Committee voted Friday to issue the subpoena. Committee Chairman Rep. Frank Lucas, R-Okla., said Corzine hadn't yet confirmed that he would come and "his testimony is essential to fulfill our objectives."

It would be a rare appearance by a former member of Congress asked to testify under oath about a matter under federal investigation in which he was involved.

Regulators are investigating whether MF Global used money from customers' accounts for its own purposes as its financial condition worsened.

Read more: http://www.sacbee.com/2011/12/02/4095234/house-panel-vo...


Read more: http://www.sacbee.com/2011/12/02/4095234/house-panel-vo...
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certainot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 09:56 AM
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1. his big mistake was not being a republican- now he might have a problem
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McCamy Taylor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 11:59 AM
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2. The fed is trying to set up a perjury indictment. Means they probably can not get him for anything
else so they are going to try to get him to lie before Congress and go after him for that. He ought to just take the 5th on everything they ask, since every question will be a perjury trap.
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