Tavakoli on the Ongoing Fraud in the Financial System 'Epitomized By MF Global'

Janet Tavakoli and Lauren Lyster discuss the widespread control frauds that permeate the US financial system, continuing after the financial crisis and Dodd-Frank, and epitomized by the reckless disregard for the employees and customers at MF Global as led by Jon Corzine.

Tavakoli has one word for the 'CEO defense' being parroted by the mainstream US media in this case. "Nonsense."

She has