MF Global a `Credit-Quality Failure,' Egan Says

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Oct. 31 (Bloomberg) -- Sean Egan, president of Egan-Jones Ratings Co., talks about MF Global Holdings Ltd.'s bankruptcy filing. The New York-based holding company for the broker-dealer run by former New Jersey Governor Jon Corzine listed total debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed today in U.S. Bankruptcy Court in Manhattan. Egan speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

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