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Sunday, December 4, 2016

Here's One Big Thing MF And Jon Corzine Got Right

Dec. 15 (Bloomberg) — If you were stranded on a desert island the past two months and upon your return to civilization tried to learn why MF Global Holdings Ltd. had collapsed, you might find that some of the standard explanations don’t make much sense.

One scenario is that a catastrophic bet on some European government bonds killed the commodities and derivatives broker. Another story line has it that investors were slow to realize MF had made such a big leveraged wager, and their concerns evolved into fear, leading to a run on the firm.

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