was revealed that the company was leveraged 40-1. In summary, the company only had 2.5 percent equity invested against risk positions
http://p.washingtontimes.com/news/2011/nov/20/williams-jon-corzines-reckless-governance/
Corzine and Co. were speeding without any seatbelts. This was reckless endangerment at its most selfish and malicious.
Somebody needs to go to real jail.
But I am not counting on it.