Monday, December 5, 2011

Summary Box: Panel votes to subpoena Corzine

(AP) ? VOTE TO SUBPOENA CORZINE: The House Agriculture Committee has voted to subpoena former Sen. Jon Corzine to testify next week about his role leading MF Global, a brokerage firm that collapsed this fall after a disastrous bet on European debt.

GRILLING A FORMER SENATOR: It was a rare instance of a former member of Congress being summoned by his former peers to testify at a hearing about a matter under federal investigation. An estimated $1.2 billion or more may be missing from MF Global customer accounts. Regulators are investigating.

MORE HEARINGS, POSSIBLY MORE SUBPOENAS: Also Friday, the head of the Senate Agriculture Committee called for subpoenas to be issued to Corzine and other MF Global executives to appear at a Dec. 13 hearing, if they don't come voluntarily. And the House Financial Services oversight subcommittee announced plans to vote on a subpoena for Corzine to appear at its Dec. 15 hearing.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-12-02-MF%20Global-Corzine-Congress-Summary%20Box/id-59f4718d9b7c49b089529bcfd62d09ae

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