Tuesday, November 15, 2011

"Somehow Occurred"

Golly just no idea how it happened.

(Reuters) - MF Global Holdings Ltd (MFGLQ.PK) may have faced a shortfall in customer funds even as far back as October 27, four days before the U.S. futures brokerage filed for bankruptcy protection, the Wall Street Journal said, citing people familiar with the situation.

Just hours before the bankruptcy filing, MF Global executives told regulators they believed a shortfall had somehow occurred, possibly starting on October 27 or October 28, the people told the paper.