MF Global, the brokerage house run by former Goldman Sachs chief, former New Jersey Governor, Jon Corzine will be in the country's top ten largest bankruptcies. Based on its assets before filing it looks as if it will be larger than Chrysler but smaller than Conseco. Those familiar with MF Global blame its demise on its exposure to European debt. What can I say? There but for the grace of God and election skills of Chris Christi goes New Jersey.
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