More ‘splaining to do

Former Gov. Jon Corzine may be in more hot water, according to a memo issued Friday by a House of Representatives committee investigating the collapse of MF Global.

The Washington Post is reporting that MF Global, the investment firm that collapsed with Corzine at the helm, transferred $200 million of customers’ money to J.P. Morgan Chase as the walls began to close in.

According to the Post, the memo said the money was to be used to cover a $175 million overdraft in an MF Global account at J.P. Morgan in London. More ‘splaining to do