2012-02-06marketwatch.com

``A trustee seeking to distribute customer securities overseen by bankrupt MF Global Inc. said Monday that they have traced a majority of the cash that disappeared from the commodities broker. "The trustee's investigators have now traced a majority of the cash transactions, totaling more than $105 billion, made in and out of MF Global Inc. in the last week before bankruptcy and are completing the process of tracing the remaining transactions," the trustee said'' -- This is probably meaningless for most customers of MF, since it is likely that the "problem" is that MF Global money was seized by its counterparties, not that it truly "vanished".



Comments: Be the first to add a comment

add a comment | go to forum thread