in Greenwich obviously knew it better than anyone. Corzine, though, insisted that the consortium at least had to get full control, including the right to fire J.M. and the other partners. It would need contracts locking the partners in and strict supervision over trading limits. Corzine went from one extreme to the other—now wanting J.M. as his partner, now wanting him in shackles. But he understood the flaws in Long-Term better than anyone else. The firm had no controls, no one above the level of trader. Insisting that Goldman would never invest without accountability, Corzine called
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