Monday, October 31, 2011

MF Global Bankruptcy Sends Financials Reeling — Monday’s IP Market Recap

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tdp2664 InvestorPlace The bankruptcy of global financial broker MF Global (NYSE: MF ) put an appropriate All Hallow's Eve scare into investors and had foreign financials stocks fleeing to mark an unsatisfying end to an otherwise phenomenal October for the market. Papers filed in federal bankruptcy court said MF Global experienced a severe cash crunch last week after the company's business partners pulled back. Their reason was worries about MF's



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