Sad Proof of Europe’s Fallout
By Gretchen Morgenson
Published November 5 2011 New York Times
WHO are you going to believe — me, or your own lying eyes? That old line from the Marx Brothers came to mind last week as MF Global, the brokerage firm run by Jon S. Corzine, was felled by over-the-top leverage and bad derivative bets on debt-weakened European countries.
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