Recent content by green genie

yeah, they've gone bust...

Then how come people can't take money out for 15 days? REFCO must need the money to solve it's liquidity problem. What's to stop REFCO saying that there is no money to give back to the clients?

In today's Times there is a statement from REFCO that says "In light of recent events, the liquidity within [our] non-regulated subsidiary, Refco Capital Markets Ltd, which represents a material proportion of the business of the company, is no londer sufficient to continue operations." Sounds...