by Jacob Goldstein

Jon Corzine has a new job running an outfit that's had brush with scandal and has been spending more money than it takes in. Sounds a lot like his old job as governor of New Jersey. (Thanks, folks. I'll be here all year. Anybody out there from Jersey?)

Anyway: Corzine will be CEO of MF Global Holdings, a broker that works in the derivatives market.

 

The company, which describes itself as "a leading provider of customized solutions in the global cash and derivatives markets," recently reported a quarterly loss; back in 2008, it went through a scandal with a rogue trader, the AP reports.

"MF Global is a firm with tremendous potential and excellent talent," Corzine said in a statement. "I see a substantial opportunity for the firm to expand its leadership position in serving clients globally in cash and derivatives markets."

Corzine, who ran Goldman Sachs before he ran New Jersey, will also be a visiting professor at Princeton, the university said yesterday.