MF Global Needs Capital, Too Leveraged, Egan Says

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Oct. 26 (Bloomberg) -- Sean Egan, president of Egan-Jones Ratings Co., talks about challenges facing MF Global Holdings Ltd. and the outlook for the company. Bonds of the futures brokerage tumbled to levels considered “distressed” as the firm struggles to transform itself into an investment bank. The company is exploring strategic options, including a potential sale, according to a person with knowledge of the matter. Egan speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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