Business and Economy
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Shadow Banking Down From Crisis, But for How Long?
The so-called "shadow banking system" that was at the heart of the financial crisis has seen its value fall by more than half over the last few years
May 31, 2012
Live Chat 3 p.m. ET: What Really Happened at MF Global?
Join Six Billion Dollar Bet producer Martin Smith for a live chat featuring guest questioner Aaron Lucchetti from The Wall St Journal. You can leave a question now.
May 23, 2012
Watch Now: Six Billion Dollar Bet
Jon Corzine, former head of Goldman Sachs and political power broker, took over MF Global in the spring of 2010 with oversize ambition and a passion for risk. But after a massive bet on European debt turned sour, the firm lay in ruins, with more than a billion dollars of customer funds missing.
May 22, 2012
What Happened to MF Global's Customer's Money?
Seven months since MF Global filed for bankruptcy, here is what is known about the brokerage firm's customers and what happened to $1.6 billion worth of their missing money.
May 22, 2012
Five Risky Bets that Paid Off
As the markets reveled in JP Morgan's $2 billion loss, and scrambled to understand the $6 billion wipe-out at MF Global, observers asked why, in the wake of the economic meltdown, anyone would take such extreme risks. The answer, of course, is that sometimes those gambles pay off.
May 22, 2012
Rich Ilczyszyn: Inside MF Global During Its Collapse
A former trader discusses those scary final days in late October 2011, and what it was like to learn that customer money was missing. "They were saying it was $500 million; then it was a billion," he tells FRONTLINE. "It was just unbelievable. It was like a movie."
May 22, 2012
