Sounds too big to fail.....again....and again..............
On Monday, MF Global Holdings filed for Chapter 11 bankruptcy protection. The filing comes after talks to sell a variety of assets to Interactive Brokers Group broke down, and speculation of Goldman Sachs stepping in to rescue the troubled broker turned out to be a pipe dream.
The news came shortly after the New York Fed suspended MF Global from conducting new business with the central bank, also suspending shares from trading as it works on a deal for its future.
Thursday, November 03, 2011
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