MF Global: Francine McKenna of re: The Auditors Gives a Plausible Explanation

Francine McKenna is an ex-auditor from Price, Waterhouse Coopers.

McKenna has a blog called re: The Auditors, and also writes for Forbes.

MF Global is a slowly boiling scandal. It is always the cover up that brings the most damage, rather than the initial criminal acts that are committed by a few.

She provides a very plausible description of what really happened at MF Global, and I find it