The collapse of MF Global can be traced back to the myth that Goldman Sachs (GS) produces the...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

The collapse of MF Global can be traced back to the myth that Goldman Sachs (GS) produces the best risk takers, according to industry buzz. The mantra at MF Global: "Ratchet up the risk. Let us Goldman guys fix this." Ex-employees say Jon Corzine's cozy relationship with risk traces back to his Goldman days. The man himself on risk: "You can’t achieve the kinds of returns we want just by buying on the bid and selling on the offer."