MF Global's crippling bets were only possible because the brokerage firm was able to borrow voraciously in a debt market that also played a big role in the collapses of Lehman Brothers and Bear Stearns.
Source: http://dealbook.nytimes.com/2012/06/05/mf-global-and-the-risks-looming-in-the-repo-market/?partner=rssnyt&emc=rss
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