<p>[MF</a> Global Bankruptcy Leaves Star Bankers Adrift - Bloomberg](<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?)</p>
<p>MF Global sought bankruptcy protection yesterday within a week of Moody’s Investors Service cutting the New York-based firm’s credit rankings, reporting a record quarterly loss and disclosing $6.3 billion of wagers on the sovereign debt of some of Europe’s most indebted nations. The firm was one of the few on Wall Street adding staff amid about 120,000 layoffs announced by banks globally this year, according to Bloomberg Industries. </p>
<p>I am certain the quants forced these quick buck money makers on betting on the debt of these nations expecting bailouts from EU, IMF etc.</p>