Clearinghouses, Regulators Told To Prepare For MF Bankruptcy, Risk Off
Tyler Durden's picture
Submitted by Tyler Durden on 10/30/2011 21:30 -0400
Just out from Bloomberg, citing the WSJ:
CLEARINGHOUSES SAID TO PREPARE FOR MF BANKRUPTCY, WSJ SAYS
US REGULATORS ALSO PREPARE FOR MF BANKRUPTCY, RESTRUCTURE: WSJ
The EURUSD has tumbled 50 pips in the aftermath of the news as risk just moved to the Off position
http://www.zerohedge.com/news/clearinghouses-told-prepare-mf-bankruptcy-risk?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
MF Global Holdings Ltd.
Financial | Investment Brokerage - National | USA
paarsons
paarsons's picture
Good Citizens of Metropolis!
I have sad news.
This may come as a shock.
But Europe is still fucked up.
http://geraldcelente.proboards.com
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Sun, 10/30/2011 - 21:33 | Link to Comment Lone Deranger
Lone Deranger's picture
Put a fork in the Euro, we're done!
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Sun, 10/30/2011 - 21:34 | Link to Comment Big Corked Boots
Big Corked Boots's picture
Ol' Jon Corzine strikes again.
For the sake of the globe's finances and all of humanity, retire to the Hamptons and keep banging Karla Katz.
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Sun, 10/30/2011 - 21:35 | Link to Comment Chuck Bone
Chuck Bone's picture
And BOJ hath intervened
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Sun, 10/30/2011 - 21:34 | Link to Comment rubearish10
rubearish10's picture
Is this the reason for the Yen crash or was there also some BOJ playtime in FX?
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Sun, 10/30/2011 - 21:35 | Link to Comment chump666
chump666's picture
Risk off.
AUD just went south hard, cross up on the YEN.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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