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MF Global Model Couldn’t Withstand Stress, FSA’s Bailey Says

Nov. 3 (Bloomberg) -- MF Global Holdings Ltd., the broker-dealer run by former Goldman Sachs Group Inc. co-chairman Jon Corzine, constructed a business model that couldn’t withstand financial stress, Andrew Bailey, director of banking supervision at the Financial Services Authority, said today.

To contact the editor responsible for this story: Anthony Aarons at

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