Saturday, December 3, 2011

House Panel Votes to Subpoena Corzine (D)

This could get interesting...

"A congressional panel has voted to subpoena former Sen. Jon Corzine to testify next Thursday about his role leading MF Global, a brokerage firm that collapsed this fall after a disastrous bet on European debt.

The hearing will be a rare moment in Washington. Congressional historians had to reach back to 1908, when a former senator from North Carolina was called to testify in connection with a corporate lobbying scandal, to find a similar instance of an ex-member of Congress being summoned by his former peers.

The House Agriculture Committee voted Friday to issue the subpoena after Corzine failed to reply to an informal request to appear at the hearing.

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