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The most common reason being genetics. Children that have it in their natural genes are fighting it their whole life and there really is nothing that they can do. However, this same issue was relevant when we were growing up. Corzine was testifying for a second day for MF Global's bankruptcy administrator in federal court in Manhattan in its $3 billion malpractice case against PwC.Under cross examination from PwC's lawyer, Corzine rejected suggestions that the collapse stemmed not from PwC's negligence, but from MF Global's own business decisions. Government.It also included a delay in Corzine's plan to transform MF Global into a full service broker dealer that led to a large, surprise tax loss for the futures and commodities brokerage."I relied on my team, and on the advice they were receiving and I was receiving, from our outside public accountants," Corzine said.While never blaming PwC directly, Corzine had testified on Thursday that he trusted PwC because of its strong reputation, and had no reason to believe MF Global's accounting was wrong.He said PwC's decision to change its advice on accounting for "deferred tax assets," and MF Global's decision to reveal more than PwC had required about the European debt to calm jittery markets, prompted "confusion" and a "loss of confidence and trust."PwC's lawyer James Cusick on Friday tried to show through emails and other evidence that the auditor was not at fault, including for the European debt financed through "repurchase to maturity" transactions."They didn't advise you on whether to embark on this Euro RTM strategy?" Cusick asked."They did not," Corzine replied."These were all business decisions, that belonged to yourself, your management team and your board of directors?"Cusick got Corzine to agree that volatile capital markets and some other concerns flagged in a Moody's Investors Service downgrade of MF Global a week before the bankruptcy were, in the lawyer's words, "not PricewaterhouseCoopers' fault."Corzine has been cooperating with the administrator, and testified that in his five or six recent meetings with its lawyers it became "pretty clear the types of themes" to be discussed at trial, including "trust and confidence."On Monday, Corzine is expected to face more questions from Cusick, followed by questions from the administrator's lawyer, Stephen Sorensen.Corzine, 70, has kept a low profile since testifying in December 2011 before Congress about MF Global. Commodity Futures Trading Commission lawsuit over MF Global, without admitting wrongdoing..
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