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To: Libloather
I'll see if I can find a source, but I thought I saw/heard on CNBC this morning that lawyers for the company told the bankruptcy court that no client money was missing.

Wonder if MFG got a bailout after all....?

And on an MFG related note...

Deloitte accused of losing clients money

But if there's no money missing now, I'm really wondering about a bailout.

8 posted on 11/02/2011 4:27:56 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: mewzilla; Libloather
Here's a link....

MF Global Funds Are Accounted For, Held by Brokerage, Lawyer Tells Judge

Was there a bailout after all? If so, by whom and with whose money....?

9 posted on 11/02/2011 4:31:24 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: mewzilla

“He told Deloitte in an email that if his clients lost money he expected their accounts to be reimbursed to their balance as of the US close on Monday.”

Where are they getting the money to reimburse their clients?
I understand that Corzine walked away with 12 mill.


19 posted on 11/02/2011 6:04:22 AM PDT by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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