ALSO, THIS DOES NOT REFLECT AT ALL WELL ON NEW JERSEY VOTERS, EITHER
As more details emerge from last fall’s collapse of MF Global, I keep expecting to read a version of events that corrects key parts of the record and makes Jon Corzine out to be something other than the hapless manager he came off as in the early tellings. This extended blow-by-blow in Fortune by Peter Elkind and Doris Burke is not that piece. Corzine seems to have a kind of weird, upside-down gift: he displayed horrendous judgment at every key juncture in the implosion. Elkind’s and Burke’s account must signify something profound about the management culture at Goldman Sachs, but I’m just not exactly sure what it is. . . . P.S.: Ballroom dancing contests were apparently to MFG roughly what bridge tournaments were to Bear Stearns. Am not sure what the significance of that is, either. . . .