Nothing will motivate a man to move forward faster than knowing what's behind Him.

MF Global bankrupt

The markets were shocked this week by the announced bankruptcy of a major commodities trading firm, MF Global. Under the leadership of former New Jersey Gov. John Corzine, MF Global purportedly made highly leveraged bets on the debt of European nations, which caused staggering losses.

The firm is currently under investigation by a slew of regulators and has been prevented from initiating new trades, leaving thousands of clients stranded.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Tag Cloud

%d bloggers like this: