Friday, November 11, 2011

I Guess There Isn't Much For Them To Do

Reuters:
The brokerage arm of collapsed futures firm MF Global Holdings Ltd has terminated its 1,066-member workforce, according to the trustee in charge of liquidating its assets.


I'm wondering if we're going to get answers. What exactly happened to the customer accounts? Who was responsible, and who knew? And..how widespread is the practice of that kind of 'borrowing' when your dog doesn't come in.