Corzine's Loss May Be Soros's Gain

[Miss Annie]

I am NOT surprised - in the least!


Corzine's Loss May Be Soros's Gain
Investor Places Big Bet on Euro Debt, Buying MF Global Former Holdings

http://online.wsj.com/article/SB10001424052970204319004577086652040716704.html

BY GREGORY ZUCKERMAN AND DANA CIMILLUCA

Investor George Soros's family fund bought about $2 billion of European bonds formerly owned by MF Global Holdings Ltd., the very debt that helped force the securities firm to file for bankruptcy protection Oct. 31, according to people close to the matter.

Under the direction of MF Global's former chief executive, Jon S. Corzine, the firm accumulated $6.3 billion of short-term debt issued by various European nations, mostly from Italy, in a bid to boost trading profits. Over the summer, this debt led to nervousness by investors, regulators and ratings companies, resulting in the firm's collapse just over a month ...

[Rael]

Do MF Global workers refer to themselves and their colleagues as "MFers"?

[Miss Annie]

Do MF Global workers refer to themselves and their colleagues as "MFers"?

They should! How can one just lose that much money?! Money leaves a trail, it does not just disappear into thin air!

[Seraphim]

Unless he bought them for pennies on the dollar, they will blow up in Soros' face as well.

[donnay]

When it is all said in done they should be all carted off to jail!! They are nothing but glorified bank robbers!!