it was jon corzine's dream to build m.f. global into a mini goldman sachs. he talked about transforming the midsize firm to a full-fledged investment bank. but all that changed when corzine and the firm made too many risky bets, especially some bad trades in europe. as the european debt crisis worsened, m.f. global posted a loss of $186 million in its fiscal second quarter because of that huge loss, it was downgraded to junk status. this is the eighth-largest corporate bankruptcy filing in the u.s. since 1980. m.f. global listed its assets as $41 billion. it has nearly $40 billion in debt. it has a large number of creditors. j.p. morgan bank and deutsche bank trust are the top two of its 50 unsecured creditors, with more than $1 billion each. others include pricewaterhouse- coopers, oracle corporation, bloomberg finance and the forum group. until today, m.f. global was considered among 22 companies financially secure enough to act as primary dealers to sell u.s. government debt. the federal reserve bank of new york suspended any of global's new business and h

a lot of people will be watching jon corzine and mf global. andrew ross sorkin. thank you, sir.own" will be back in 30 seconds. >>> just in case you missed it, we have to show you the final play from last night's world series game between the cardinals and rangers started to be called the best game of all time. they tied it again in the tenth and won it in the 11th in the first walk-off home run since joe carter and the toronto blue jays in '92. game seven is tonight. see? you don't need a new york team or a philly team to make the world series interesting. go cardinals and go old washington center. >>> anyway, it's only october, but it sure feels like winter parts of the northeast this morning. portions of new england and the mid atlantic are bracing for a significant snowstorm this weekend. nbc meteorologist bill karins is here with a full-fledged nor'easter? is that what we're calling this? >> once it gets up to new england, yes, it will feel like a nor'easter. if you're up in cape cod or coastal maine or new hampshire. this storm is located down over tennessee. just light ra

markets and former goldman sachs chief and new jersey governor jon corzine's company, mf global filed for bankruptcy today. after more than $6 billion in bets on europe gone bad. the spook, though, only went so far, because when you look at it over the past month, the dow industrials up more than 1,000 points for the month of october. that's 9.6%, and it's the best since 2002. the s&p 500 up almost 11%. its best gain since december of 1991. >>> stocks were spooked, fitting, because it is halloween. and new jersey governor chris christie told kids to stay home. yeah, he cancelled halloween for people who lost power. all right. the republican candidates seem to be celebrating halloween. we called every single campaign and figured they must all be out trick or treating tonight with kids or grandkids. we're not kidding. only rick santorum, the one with trick or treat age kids and herman cain showed up to work today. jon huntsman tried but a power outage kept him home. mitt romney spent the day with his family in boston. you get the point. herman cain had all of the spot lights focused on

governor jon corzine is running these days. shares of m.f. global buckled as the firm's exposure to europe's sovereign debt is hampering its goal to become a leading boutique investment bank. the company posted a loss of nine cents per share versus a profit a year ago. moody's downgraded the stock yesterday and today the stock sank nearly 50%. based on that drop it's lost more than three quarters of its value this year. and that's tonight's "market focus." >> susie: with the end of the u.s. involvement in iraq in sight, the obama administration announced today it will now focus on trying to secure jobs for returning veterans. president obama's first initiative calls for community health centers to hire 8,000 vets over the next three years. the president wants to use his executive powers to work around republicans in congress opposing his $447 billion jobs plan. the unemployment rate for veterans who've served since the 9/11 attacks is 11.7%. the national average is 9.1%. the white house is also releasing details of president obama's plan to b

. >>> jon corzine's wall street firm. the former head of goldman sachs took over global. last week, it was downgraded to junk status by ratings agencies concerned about its large european debt. >>> and flooding in thailand have forced honda to cut production. honda says the parts shortage could also delay the december sale date for its new crv crossover vehicle. >>> macy's is joining target and opening midnight for shoppers who want to get a jump start. and that's your money watch. for more, go to cbsmoneywatch.com. in new york, i'm alexis christoforous. >>> the newest member of an indonesian zoo is already stealing the show. an endangered borrian orangutan was born this month at the serbaya zoo. the zoo named the baby demy, which means peace. the shaggy brown primate's population has been decreasing with only one in 6,000 remaining in the wild. look at that. >> oh. he's saying, where is my mommy? oh, that is very cute. >> tiny orangutan. getting some milk. and happy. >> so cute. >>> coming up on wjz eyewitness news at 4:00. storm-related stranding. struck on the tarmacs

. >> eric: jon corzine who is now there also. oh, a different one?n, she is big on twitter about this, embracing the whole movement. another capitalist. so we talk about that this morning. hypocrisy there. huge capitalist. >> bob: nothing wrong with capitalists. we're not against -- >> eric: they are! talking about going to people's home. >> bob: i consider "they" part of me. me part of "they." >> eric: these are not capitalists. they're socialists. they're against corporate, they call it corporate profits. not enough trickle down to people -- what? >> bob: talk about jobs. >> andrea: money baggals beckel, you're rich, too. >> bob: do you think people get stock tip on main street the same on wall street? >> eric: no, you're right. that goes to big ones like george soros who we will talk about in a minute. >> bob: or the koch brothers. >> eric: soros has been indicted in france. >> bob: koch brothers are about to get indicted. >> kimberly: not doing that right now. >> bob: of course you're not going to do it. we won't do it until 2019. >> andrea: stan

jon corzine ran it he ran goldman sachs. it is filing for chapter 11. big he controversy there.good news. october was fantastic. >> even with that 276 points today. the dow up over a thousand points. 1041. take a look at that this is the best october since 2002. i have got to tell you. october is usually terrible. so good news here. >> shepard: if you have gotten in at the beginning of october in the dow index fund, you would be pretty happy. >> what you do is invest slowly over time. >> shepard: that sounds so rational, gerri, be careful. >> i know. >> shepard: nice to see you. >> good to see you. >> shepard: gerri is the host of the fox business report. you don't get that network, demand it u.s. immigration and customs enforcement or ice as they call themselves reporting that that arm of the government has busted a major drug smuggling ring with ties to mexico's most powerful cartel. and as it turns out our cameras were along for the bust. the amount of narcotics this gang allegedly smuggled into the united states is frankly staggering. officials said over the last five years

ed rollins, i want you to take a look at a commercial that jon corzine ran in that last campaign using the -- trying to use christie's weight as an issue. let's take a look at that commercial. >> if you drove the wrong way down a one-way street causing an accident and putting the victim in a trauma center, would you get away without a ticket? chris christie did. if you were caught speeding in an unregistered car, would you get away without points? chris christie did. in both cases christie threw his weight around as u.s. attorney and got off easy. if you didn't pay your taxes, ignored ethics law, would you get away with it? chris christie. one set of rules for himself. another for everyone else. >> as we know, that ad didn't play very well in new jersey, but what about this issue? it's one thing for a campaign to bring it up as corzine did which was kind of ham handed, but you can't stop the columnists from bringing it up. >> as a fat man, myself, who ought to lose 30 or 40 pounds and just having gone through a campaign, it's a very tedious, were tiring process and my concern for the g

. >>> finally today's bankruptcy filing by former new jersey governor jon corzine's mf global weighed> welcome back to "hardball." rick perry's poll numbers have dropped precipitously over the past month, largely as a result of his shaky debate performances. but when it comes to damaging moments, nothing may match perry's appearance in manchester, new hampshire, this past friday night. just take a look at what has been described as a bizarre and unusual speech. >> this is such a cool state. i mean, come on, live free or die? it's like, live free or die, victory or death. bring it! the texas rangers after 50 years are going to win a world series! oops. i grew up on a farm. i grew up -- i grew up on a farm. if they print any more money over there in washington, the gold's going to be good. are that -- 20% flat tax. put it on there, send it in. that little plan i just shared with you doesn't force the granite state to expand your tax footprint, if you know what i mean, like 9% expansion. i love herman. is he the best? today has been awesome, girl! this has really been a great day. >> wow

former new jersey governor jon corzine's bid to revive his struggling investment firm came to an endnkruptcy protection after talks to sell it fell apart. health insurer humana surged after delivering better than expected profits and a good outlook. sony slumped on word it's struggling to split its tv unit into three separate divisions. and the dollar hit a three-month high against the yen as the bank of japan stepped in with another attempt to weaken that currency. that's it from cnbc, first in business worldwide. now back to "hardball"." >>> welcome back to "hardball." rick perry's poll numbers have dropped precipitously over the past month, largely as a result of his shaky debate performances. but when it comes to damaging moments, nothing may match perry's appearance in manchester, new hampshire, this past friday night. just take a look at what has been described as a bizarre and unusual speech. >> this is such a cool state. i mean, come on, live free or d die? it's like, live free or die, victory or death. bring it! the texas rangers after 50 years are going to win a world serie