A House panel says credit rating agencies and federal regulators contributed to MF Global’s collapse last year. But it pinned most of the blame on ex-CEO Jon Corzine.
The report issued Thursday by the House Financial Services Oversight and Investigations subcommittee found Corzine’s risky strategies caused the brokerage firm’s failure. That largely reiterated a statement released Wednesday by the committee’s Republicans. Democrats on the panel did not endorse the report’s findings. MF Global was forced to seek bankruptcy protection last year.