MF Global Files for Bankruptcy

[MLamirandeRM]

MF Global shares were halted in premarket trading on pending news. The brokerage filed for bankruptcy Monday morning after an effort to sell itself to Interactive Brokers Group failed. The Chicago Mercantile Exchange said that customers of MF Global are limited to liquidating their positions. MF Global will no longer be recognized as a guarantor for floor trading.

Michelle - Farms.com Risk Management

[cottonpicken]

Casualty of a bond market bubble popping.

[agstar77]

Casualty of greed and over leveraging by the CEO.

[grrrr]

Wouldn't have happened if we all drove belarus traktors and kombines.

[cottonpicken]

Getting interesting,as much as 700 million is
"missing".

[bucket]

Hey, anyone remember that 250 miilion that went missing in discretionary trading??

And which greedy ceo got fired because of it????

[parsley]

Corzine must have memorized the page out of
the current trendy losers&winners doctrine.
Unfortunately, in a handbook where nothing else
matters except bottom lines, he should have read
chapter 11. Hey Richard, you'll be glad trading
derivatives is no longer up close and personal,
Pars

[MLamirandeRM]

Just reported: MF Global reportedly admitted to using client money to a Federal Official.