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Monday, November 7, 2011

Corzine's Downfall


Nick Paumgarten, The New Yorker
Nick Paumgarten begins: "The collapse this week of the broker-dealer MF Global and the comeuppance of its chief executive Jon Corzine, who resigned Friday, have been and will be put to many political and rhetorical purposes. MF Global's bankruptcy has been called, possibly, the first domino in a potential collapse of the European banking system."
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