According to widely followed analyst Dick Bove, don't be surprised to hear that CEO Jon Corzine has engineered a deal to sell his firm, MF Global
[MF 1.70 -0.16 (-8.6%)
]
, to his former employer, Goldman Sachs
[GS 106.33
5.89 (+5.86%)
]
.
As you likely know MF Global has landed in the spotlight after Moody's, cut its credit rating on the firm to one notch above junk status, citing an increased appetite for risk-taking and exposure to European sovereign debt.
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