Former New Jersey Gov. Jon Corzine (D) will testify to a House panel today regarding the MF Global scandal that he "simply do[es] not know where the money is, or why the accounts have not been reconciled to date," reports Associated Press's Marcy Gordon.
Gordon eventually got around to mentioning Corzine's party affiliation, in paragraph 11 out of her 12-paragraph story:
A Democrat, Corzine represented New Jersey in the Senate from 2001 through 2005. He later served as the state's governor. Before entering politics, he was CEO of Goldman Sachs from 1994 to 1999.
Several class-action lawsuits on behalf of shareholders have been filed against Corzine and three other top executives. A bankruptcy court is consolidating the suits. They accuse the firm and its leaders of making false statements about MF Global's strength and cash balances.
