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MF Global, the securities firm headed by former Governor Jon Corzine, has filed for bankruptcy. It's 1,000 employees have been laid off

Flashback: Biden said Obama admin called Jon Corzine for advice


MF Global, the securities firm headed by former Governor Jon Corzine, has filed for bankruptcy. It's 1,000 employees have been laid off, and it is under investigation by the FBI and federal regulators because $600 million of client funds have disappeared.
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