Dec. 15 (Bloomberg) -- If you were stranded on a desert
island the past two months and upon your return to civilization
tried to learn why MF Global Holdings Ltd. had collapsed, you
might find that some of the standard explanations don’t make
One scenario is that a catastrophic bet on some European
government bonds killed the commodities and derivatives broker.
Another story line has it that investors were slow to realize MF
had made such a big leveraged wager, and their concerns evolved
into fear, leading to a run on the firm.