Exact(13)
Some of the funds MF Global used to shore up its account with JPMorgan may have been legitimately transferred.
The unidentified MF Global employee indicated that Mr. Corzine had known MF Global used customer funds to lend to itself.
One is that MF Global used the money to meet trading partners' demands for extra cash, which could come back.
Regulators suspect that MF Global used some of the money to meet its own financial obligations, which could mean that those funds are gone forever.
In addition, federal authorities are reviewing whether MF Global used customer money to pay the clearing corporation as part of a margin call.
Some of that money may never be recovered if, as some regulators now fear, MF Global used it to cover trading losses and replenish overdrawn bank accounts.
Similar(47)
The International Energy Agency estimates that the global use of coal will increase by 65% by 2035.
At the same time, the global use of coal would need to be reduced even more quickly.
I was asked to write up the implementation of a livelihoods programme for global use some years back, a step-by-step guide on how to implement something.
But this year the World Health Organization endorsed the preservative for global use, concluding that there is no evidence of toxicity in infants, children or adults exposed to thimerosal in vaccines.
By contrast, municipal water represents a mere 8% of global use.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com