Monday, November 21, 2011

EU resolution

Notes on capital flight and forced repatriation. Somehow, I don't think this is going to end well.


JLM said...

Interesting that the author, in another post, predicts that the aftershocks of the MF Global mess have yet to be felt. (Ominously, he expressed that view *before* the missing $600 million grew into the missing $1.2 billion!)

Jim Gust said...

Indeed. I see Jeffries is endangered by MF Global, they were the lead underwriter on a $350 bond offering for MFG a couple years back. They are being sued by the pension fund bondholders.