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Former MF Global Chief Risk Officer Sacked For Doing His Job, Disagreeing With Corzine

Yesterday we noted how a CBO analyst may have been terminated for her conflicting views on model assumptions, especially when they veered away from the Wall Street-defined norm. Today, we find that the same approach to dissent may have been the reason why MF Global ended up taking inordinate risk, and ultimately blowing up, leaving over a billion in client money go from the solid to the liquid phase overnight.
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