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What: Shares of troubled broker MF Global
So what: After an incredibly turbulent week that included a major earnings disappointment and the painful reveal of massive bets on European sovereign debt, MF Global filed for Chapter 11 bankruptcy protection. The company, run by former Goldman Sachs
Now what: You hear that sound? That's the fat lady singing. The process forward is probably going to consist of seeing MF Global sell off its yet-attractive crown jewels to pay back as much as it can to creditors. Equity holders? Yeah, they'll probably end up with bupkis.
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.