Eurozone Crisis Leads To American Firm's Bankruptcy
By: Jim Zarroli
October 31, 2011
Europe's debt crisis claimed another victim Monday morning, and this time the casualty was an American firm. MF Global Holdings filed for bankruptcy after an unsuccessful effort to find a buyer for the ailing firm. MF Global is headed by Jon Corzine, the former governor of New Jersey, who reportedly bet on the direction of European bonds — and lost.
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