Capital Account: William K. Black on MF Global and Jon Corzine Culpability

Capital Account's Lauren Lyster interviews Bill Black over Jon Corzine & the MF Global scandal on the day Corzine, former CEO of the now bankrupt MF Global, testifies on Capitol Hill.

Corzine claims he is clueless about how and where the possible $1.2 billion dollars of his client's money is missing.

How has all of this happened three years after the financial crisis when Wall Street was supposed to be reined in? Capital Account explains the MF Global issue.

Capital Account also explores how the golden boys of Wall Street have their Goldman tentacles spread over the MF Global case and that the head of the CFTC - MF Global's regulator - has recused himself from the MF Global probe because he worked with Jon Corzine at Goldman Sachs.

Capital Account interviews William K. Black, a former regulator who during the Savings and Loan crisis oversaw more than 10,000 criminal referrals, 1,000 felony convictions, and where hundreds of bankers went to prison.

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