Friday, December 30, 2011

The MF Global Collapse Explained (And Why It Is a Crime)

By: Fred N. Sauer



As a test of your thinking, how would you like to invest in this, as described in Wikipedia?
...2005 saw Man Financial make its largest deal with the transformative $323 million acquisition of client assets and accounts from entities of Refco, following the U.S. financial-services group's collapse in late 2005. The Refco deal...boosted Man Financial's scale in retail and institutional business.
In June 2007, Man Financial was spun off from Man Group as a separate, public entity, via an IPO, and renamed MF Global. 
Read more: Long read~

MF Global history from NLPC.org

Post a Comment