We reported at the beginning of the month on the sudden demise of MF Global Inc.  If you recall Jon Corzine, an ex "Democratic" governor and senator, and (coincidentally?) also an ex CEO of Goldman Sachs, presided over the seventh largest bankruptcy in U.S. history.  The Commodity Futures Trading Commission, one of the regulators charged with keeping an eye on shady dealings on Wall Street on behalf of U.S. taxpayers, has just released a long statement about the affair. Amongst other things CFTC Commisioner Scott D. O’Malia has this to say:

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As we reported last week, the leaders of the G20 nations (plus a few others) are on a jaunt to the Mediterranean seaside in Cannes this week. Amongst other things they are scheduled to discuss the global financial crisis. As luck would have it another item will have added itself to their agenda this morning. According to Yahoo!

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