CNBC.com Sr. Editor, John Carney, spoke with a retired Goldman Sachs who said MF Global's troubles reminded him of 1994. At that time Goldman was a partnership owned by its senior investment bankers and traders.  After 2 great years of profits, its traders made a wrong-way bet on interest rates and were losing hundreds of millions a month. That February, the Fed raised interest rates which heavily affected a number of Goldman's trading positions.  Apparently, investment bankers put pressure on the traders to reduce the amount of risk they were taking — and the traders pushed back. "They were destroying our bank accounts — my own capital account lost half its value — but wouldn't change a thing. They were sure they were the smartest traders on the Street. Not on the Street. On the globe," the former partner told Carney. The upshot?  Painting Himself into a Corner. The leader of those traders was Jon Corzine.  If that's the case, MF Global's losses due to Euro sovereign debt exposure would have a precedent.  With yet another case of history repeating itself, Corzine's future on 'Wall Street' appears to look much more in doubt.   [CNBC, 10/31/11]