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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (43401)10/13/2005 1:37:52 PM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
I think they get their money (or at least most of it).
Accounts were frozen for 15 days so that an orderly withdrawal can be arranged.

That is my take.

Mish



To: Wyätt Gwyön who wrote (43401)10/13/2005 2:20:46 PM
From: Chaka  Read Replies (2) | Respond to of 110194
 
what does that mean for people with futures accts at Lind-Waldock? ouch!

Only Refco Capital Markets is frozen. Apparently, their commodities and futures sub-division is fine. In any case, I asked for my money back and they promised to wire it to me - lets see.

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Refco Capital Markets Ltd., an offshore broker for stocks, bonds and currencies, is the subsidiary that former CEO Phillip Bennett, 57, allegedly used to help hide up to $545 million in bad debts. Bennett was indicted on federal charges Wednesday that he caused Refco to file fraudulent statements to securities regulators. He is free on a $50 million bond.



To: Wyätt Gwyön who wrote (43401)10/13/2005 2:35:53 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
Holy $hit! 66 billion in liabilities?! I never even heard of that POS before now, makes you wonder what other balance sheet surprises are floating around out there....

And yeah, to say I'm glad I'm not a customer of their's right around now is putting it mildly!



To: Wyätt Gwyön who wrote (43401)10/14/2005 9:43:42 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Frank Barbera on energy, doubt if I will be seeking energy longs but will incorporate this into my shorting, put strategies elsewhere:

financialsense.com