Tuesday, May 22, 2012

Once again, reality imitates TAKEDOWN

Computer glitches caused a failed IPO? Say it isn't so.

Oh, and where have we seen this before?

A reader recently mentioned that Dan Decker's motivations in TAKEDOWN are very similar to John Corzine's at MF Global. Both men started with the best intentions as they tried to save failing institutions, and both ended up committing fraud to achieve their ends. Is Dan Decker different from Corzine? How does each co-opt their colleagues in implementing their plan? In some ways Decker is more honest about his dirty dealing . . . what do you think?

PBS Frontline has a good, short video about Corzine's takedown of MF Global:


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