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Wednesday, December 7, 2016

In a new column, Jonathan Weil makes the case that if MF Global could sneak by auditors, so can Goldman Sachs:

Six months ago the accounting firm PricewaterhouseCoopers LLP said MF Global Holdings Ltd. and its units “maintained, in all material respects, effective internal control over financial reporting as of March 31, 2011.” A lot of people who relied on that opinion lost a ton of money.

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