A House subcommittee investigating the demise of the brokerage firm MF Global plans to issue a report on its inquiry that will likely criticize two federal agencies for failing to communicate key information about the firm’s risk-taking activities just months before its implosion and subsequent bankruptcy filing in November, the FOX Business Network has learned. The House Financial Services subcommittee on investigations will hold its second hearing this Thursday, which will include testimony from MF Global’s risk officers. Committee members plan to focus on statements the firm’s senior executives made to rating agency officials just before the firm imploded over investor fears surrounding its exposure to risky sovereign debt. See Fox Business report here.
