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Colm McCarthy: Public entitled to full accountability

A Report issued last Monday in New York has begun the allocation of responsibility for the collapse of the commodities and securities firm MF Global, which has left customers short of $1.6bn (€1.28bn). The 275-page report was issued by the bankruptcy court in Manhattan and is the work of a team headed by lawyer James W Giddens.

The report, available to all and sundry on the internet, is admirably detailed and explains how the company collapsed. The role of individually named officers in the disaster is explored fully.

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