MF Global's Debt Bets Ignite Fears Of Global Crisis

Law360, New York (November 1, 2011, 9:54 PM EDT) -- The heavy betting on European sovereign debt that led to MF Global Holdings Ltd.'s demise sparks concerns that other broker-dealers or banks may have engaged in similar practices that would not only topple their firms, but also hurt the faltering global economy, experts say.

MF Global, a broker-dealer headed by former Goldman Sachs Group Inc. Chairman and ex-New Jersey Gov. Jon Corzine, filed a Chapter 11 bankruptcy petition on Monday after disclosing that it had lost nearly $192 million in the last quarter and had $6.3...
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