1. Understanding MF Global: Why the Bank's Failure Matters

    Understanding MF Global: Why the Bank's Failure Matters
    MF Global, a financial firm headed by former NJ governor Jon Corzine, filed for bankruptcy protection. Are other U.S. banks at risk of failure?
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    1. We are going to have significant players in the shadow banking business have liquidity problems and we have to be willing to allow firms to sour when that occurs.
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