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You actually worked at a wall street firm, right? >> i did. i took a leave of absence to take a job at what's now deutsche bank. i later went on to conduct the fieldworks study. >> if you look at the contours of mf global, it seems we're lucky that this happened at a place that wasn't too big to fail. that's progress. >> it didn't did corrupt the financials, so that's some sort progress. but when you look at internally the plot sequence of what happened at mf global, it looked startlingly familiar with what happened at lehman. taking on too much leverage. taking on a set of risky transactions ...

This week the house financial services committee held a meeting. it seemed to implicate the former head of mf global, jon corzine, aka the former senator. if you missed astonishing development of the downfall of another seemingly corrupt wall street investment firm, don't feel bad. mf global hasn't received as much attention as it should have, so let me catch you up. they were a brokerage firm. they invested in a lot of european debt. we all know how well things have been going over there. and to simplify, they made a very big bad debt that the outlook would improve and when they didn't improv...

Regulators. >> if you were so smart, you'd be working on wall street. >> exactly. >> you're not saying that as a statement. you're saying that's what people say. >> exactly. >> i was going to say, you're insulting regulators. >> i fully respect their work and think they are much more skilled, right? but this is the discourse. >> "the new york times" wrote about lobbying regulators that considered a rule, although it wasn't the exact thing that brought down mf global but it was a rule about essentially how much of their company's money they could use to make bets. again, i'm oversimplifying bec...

plan. activists say at least 26 people were killed wednesday in several cities. video posted online appears to show new shelling in the district of homs. the crisis in syria is expected to dominate the summit. ban ki-moon is there. an updated resolution on syria will be presented to leaders, but it will not call for president bashar al assad to step down. those are the top stories from cnn. i'm monita rajpal. "world business today" starts right now. good morning, from cnn london, i'm nina dos santos. this is "world business today" and these are the top stories this thursday. le...

it was the final day of dramatic supreme court hearings on the president's controversial health care law. now, justices again signaling a huge divide, a khasm that could doom obama's signature domestic achievement. with all uncertainty surrounding the law's fate, business owners are looking at how their costs will be affected and that means yours, if you're an employee. for some clarity, we turn to our strike team made up of entrepreneurs, innovators, ceos of companies of all sizes and our team members agreed their costs would go up but the big question is how much. here are some spe...