The only thing that would make this more ironic is if Hank Paulson swooped in and took over MF Global.
This feels eerily like Long Term Capital Management - though MF Global is just not big enough to be a problem (except for maybe Deutche Bank). MF is heavily leveraged and, apparently, former Governor Corzine gets a 12.5M severance package for blowing it.
I can't blame him for betting against Europe, but it seems his timing was WAY off or he was completely wrong.

I wonder if the OWS protesters will pay a visit to Mr Corzine's home? I bet he'll turn the dogs on them...