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About a year ago, in the wake of the collapse of MF Global, the market set its crosshairs on Jefferies, another firm feared to have excessive exposure to eurozone sovereign debt.
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Neugebauer, are set to release the results of its year-long investigation into MF Global, which filed for bankruptcy on Halloween 2011, on Thursday.
FORBES: Corzine Tried To Save MF Global, Didn't Cause Collapse, Spokesman Says
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Clearnet, the intermediary between MF Global and the ultimate but as yet unknown counterparties to the trades, set the expiration date short to avoid the risk of default by sovereigns.
FORBES: Uncontrolled Risk Taking, Not Bad Accounting, Did MF Global In