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MF Global collapses ?
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august
Senior |
01-Nov-2011 16:25
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Sigh,.. I really did not know about their bankrupcy situation until over the weekend. When was it surface? I thot' I am pretty much up to date, but really missed this pending sign. Maybe I should just close all my other CFD account with other service providers.. who knows what is going to happen next. |
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victortan
Master |
01-Nov-2011 16:25
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Anyone here got   CFD account with MF. better withdraw your money fast.   |
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Joe2020
Veteran |
01-Nov-2011 16:14
Yells: "I am the Oracle sent forth unto you that ye shall be warned" |
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Those who play derivatives and have money invested in that fund and this fund.....better quicly check ...many banks will be involved as they bought derivatives through fund houses etc....Run Road | ||
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teeth53
Supreme |
01-Nov-2011 16:06
Yells: "don't learn through life, learn to grow with life " |
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Isit comparble to Madoff and or Lehman..?. think both and  many others  those out there to cheat..SAD :(( | ||
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teeth53
Supreme |
01-Nov-2011 16:02
Yells: "don't learn through life, learn to grow with life " |
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Slowly the tip of the ice berg is melting very fast - suddenly. oni 400 billion. Now 1.2 trillion in debt..?.
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stoheart72
Senior |
01-Nov-2011 16:01
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Sorry to hear that. But the news of the possibility that they will go bankrupt was out for a while, you should have  withdrawn your fund way before. Not sure will MAS take any action to save the investors money tho. Hopefully they will.
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teeth53
Supreme |
01-Nov-2011 15:58
Yells: "don't learn through life, learn to grow with life " |
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Last time. DBS hutong all the mony and claim default, don 1 2 pay back and now....what..?. Isit just like MBS huhh...old lady win jackpot S$416K ++, don 1 2 to pay..!!
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teeth53
Supreme |
01-Nov-2011 15:55
Yells: "don't learn through life, learn to grow with life " |
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Goldman Sachs helped the Greek govt to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht ...
www.spiegel.de/international/europe/
Goldman_Sachs_Greece   This article analyzes the connection between the fraud case brought against Goldman Sachs and Greece's mounting debt problems www.globalization101.org/news1/Goldman_Anyone still believe in Goldman Sachs...and all about this man from Goldman Sachs, isit tis man..?..
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august
Senior |
01-Nov-2011 15:36
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One  CFD service provider   quickly say fund with them safe. Before I sign up with MF Global. they also say fund with them is safe - under different account as required by our MAS. Now, I want my safe fund back, but nobody hue me. Cant even get into their phone line,..chat all down. So how to be safe ?  Safer to withdraw all money and stuff in pillow. How to trust any of these Institute anymore ?? |
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seanpent
Elite |
01-Nov-2011 15:29
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" reminiscent of the collapse of Lehman Brothers in 2008 at the height of the financial crisis " ?   |
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august
Senior |
01-Nov-2011 15:27
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Their phone went ring one time..than tooooo all the way. All run road. I cant even speak with anybody. Cant even get into my platform coz the password does not work anymore ?!  What is MAS going to do about it ? |
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stoheart72
Senior |
01-Nov-2011 15:23
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The company had taken too much risk in investing in EU. Now they cant cover back. |
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seanpent
Elite |
01-Nov-2011 11:11
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" MF Global's meltdown in less than a week made it the biggest U.S. casualty of Europe's debt crisis, and the seventh-largest bankruptcy by assets in U.S. history." | ||
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seanpent
Elite |
01-Nov-2011 10:42
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Eeeeeks!   What happened ? | ||
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