Your Galtian Overlords at work:
The trustee overseeing MF Global’s liquidation estimates the amount at $1.2 billion. Mr. Corzine will say in his testimony that he had little to do with the mechanics of moving customer cash and collateral and that he was “stunned” when he learned on Oct. 30 that the money was missing.
“I simply do not know where the money is,” he will say, noting that “there were an extraordinary number of transactions during MF Global’s last few days.”
Isn’t that pretty much his only responsibility as CEO of MF Global- to know where the money is?