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Saturday, October 29, 2011

MF Global's warning bells - Oct. 28, 2011

MF Global's warning bells - Oct. 28, 2011
Posted by RAYLOKE at 9:15 AM

1 comment:

  1. RAYLOKEOctober 29, 2011 at 9:16 AM

    Several Wall Street companies that could end up in trouble as banks are forced to take significant write-offs on the value of their European bonds.
    "A lot of firms are going to incur pain as a result of the European debt crisis," said Sean Egan, managing director of Egan-Jones, the independent rating agency. "The problem is the transparency is far from acceptable."

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