Take MF Globals October collapse. Corzines game of superior using recognition derivatives to put money on on whether the eurozone would sort itself prevented. Writes the NYTs Gretchen Morgenson:MF Globals debacle was a effect of thorny swaps deals it had struck with trading partners. While folks partners owned the underlying assets hip this occurrence, government debt MF large-scale held the lay bare connecting to both advertise estimate and default…

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