MF Global is first big US victim of Europe crisis

MF Global's big bet on Europe might not have happened before Corzine joined. Until he joined, the company was known mainly as a dealer in derivatives, which are investments based on the value of some underlying asset. Corzine wanted to build MF Global into a major investment bank.

http://finance.yahoo.com/news/MF-Global-is-first-big-US-apf-590521534.html?x=0