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Reuters Insider: Is MF Global’s Jon Corzine in line to replace Geithner at Treasury?

By Chris Clair

Reuters Breakingviews editors weigh in on what a bond offering says about the possibility of former New Jersey governor and Goldman Sachs Chief Executive Jon Corzine becoming the next U.S. Treasury Secretary. They also weigh in on other candidates.

Antony Currie, Breakingviews columnist, says that in MF Global’s Aug. 2 bond issue, there’s a key-man risk covenant that bondholders get an extra 1 percentage point payment if Corzine is tapped to work in a federal job confirmed by the Senate.

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