Finance

12:00am

Fri January 13, 2012
Whiteboard Video

Private Equity Explained

Private equity funds are groups of investors that flip companies for a profit. It’s the technique they use that makes them special, as senior producer Paddy Hirsch explains.

Tags: 

12:01pm

Thu January 5, 2012
The Two-Way

Report: Shortly Before MF Global Collapse, Corzine Was Château Shopping

Originally published on Thu January 5, 2012 12:11 pm

Former MF Global Holdings Ltd. Chairman and Chief Executive Officer Jon Corzine testifies on Capitol Hill in Washington.
Susan Walsh AP

In its February issue, Vanity Fair has a long report on Jon Corzine, the former head of Goldman Sachs and former Democratic governor of New Jersey. Corzine has been in the news lately for his role in MF Global, which last year collapsed spectacularly and left $1.2 billion in client money missing.

The piece talks to friends and former associates of Corzine and paints a picture of a CEO who took great risks and micromanaged.

Read more

11:47am

Thu January 5, 2012
Whiteboard Video

What is Re-hypothecation?

The term Re-hypothecation came up a lot during the MF Global meltdown. It’s quite a common term in the securities market – but what does it mean? Marketplace Money senior producer Paddy Hirsch explains.

Tags: 

3:42pm

Fri December 16, 2011
Whiteboard Video

What is a junk bond?

Junk. Not a nice word. And when it comes to bonds, not a particularly accurate word, either. Junk is something useless, right? Something you want to toss in the trash? Well, “junk” bonds are definitely not useless. In fact they’re extremely useful. Sometimes. Marketplace Money Senior Producer Paddy Hirsch explains what a junk bond really is. 

6:03am

Thu December 8, 2011
The Two-Way

Corzine Apologizes, Defends Actions Of MF Global, May Invoke Fifth

Originally published on Thu December 8, 2011 11:11 am

Former New Jersey Gov. Jon Corzine (D).
Mario Tama Getty Images

Former New Jersey senator and governor Jon Corzine, who led MF Global as it spectacularly collapsed in a bankruptcy that has left $1.2 billion in client money missing, is due at a House Agriculture Committee hearing this morning to face questions about what happened.

Read more

Pages