Were you an MF Global customer?

[ivantchourilov]

Just interested in knowing what the plans are for MF Global customers going forward? I nearly opened an account with them not too long ago, but never got around to it...

I hope that everyone gets their money back!!

GL

Ivan

 

[pboyles]

It seems that it will depend on which country you live in and what, if any, compensation is offered by your regulator. I'm assuming at least some of the client funds are gone for good, presumably anything that is recovered will be given to clients.

 

[ivantchourilov]

after fees get distributed between lawyers

 

[pboyles]

after fees get distributed between lawyers

Everybody will get paid before the clients do, that's for sure.

 

[wackypete2]

Everybody will get paid before the clients do, that's for sure.

Including Corzine. The Master of Disaster.

Peter

 

[ivantchourilov]

Let's hope that most of the money will be restored. Could cause another round of panic selling as all those clients become afraid of brokers

 

[ivantchourilov]

haha! do you know the funny thing is that they guy he used to work with @ goldman, flowers, recommended him for the position in the first place? Now flowers' company is one of the potential bidders for the retail futures?

 

[wackypete2]

Corzine didn't do any better as governor of New Jersey, USA. Took us right on the brink of financial disaster and lost re-election.

Peter

 

[ivantchourilov]

i swear it seems like he is doing it on purpose sometimes....