The 7th largest bankruptcy in US history happened with the failure of MF Global.
The CEO of MF Global was Jon Corzine, the former CEO of Goldman as well as former governor for the state of New Jersey.
The firm had failed to keep separate client money from firm money, a criminal act. It may have unintended consequences in that other clients of investment banks can no longer trust those banks either.
Theoretical Time:
Associated Scripture:
2 Exodus 12:5
5The lamb will be without blemish, a male of the 1st year; you will take it from the lambs or from the kids,