Editorial Board

MF Global Meltdown Shows the Wisdom of Prop-Trading Limits: View

The bankruptcy of MF Global Holdings Ltd. is the first major U.S. casualty of the European sovereign-debt crisis. The trading firm’s demise is no small matter: Its $40 billion in debt is on the scale of Chrysler’s 2009 failure.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.