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What: Shares of controversial commodities broker MF Global
So what: The nightly surge came after The New York Post said that MF has hired JPMorgan Chase
Now what: This is 2008 all over again for MF investors. The company has taken financial risks that would make Lehman Brothers and Bear Stearns look conservative, essentially gambling on unknowable outcomes like an orderly resolution of the European debt crisis with money the firm never should have touched. This stock ran neck-and-neck with underperforming bankers such as Goldman Sachs
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