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What does your attourney say?

They are a clearing house.

Don't go trading the Russell and naz on the floor thru the computer unless you really really have to would be my advice. I dont know about sp but probably the same applies. It is better to call the floor and get quoted a price you will be getting first. I dont know maybe IB can say if they...

What happens is someone trades a price that makes a high or low and after it is called in to the pit reporter some other broker notices that a limit order he is holding is violated. So then either he objects and gets the price taken out or else he has to execute his limit and adjust his...

Read the bankruptcy odcs the current shres will be canceled. the whole idiotic co should be canceled.

I think its no better or worse than pit traded contracts. the DOM display just gives you the false impression that you have an idea what is offered.

Go to his wbsite. check out the srapola cos. it comes up with. A few might be ok but many seem as if they are just tiny cos. with temporary earnings blips.

Heres my scenario: With sanctions blocked in the UN security council by China and/or Russia, Bush gives tacit approval to Israel to strike Iran, which turns the Iraqui shia against us nad ignites a much larger insurrection against us, supported by Iran, which maybe we then have to invade...

Christy Canyon hands down.

Nicely ssai d Fred thankyou. What's do ypu have to say about Man?

you are making slanderous claims. No evidence of embezzlement has been found nor were they found in the 90's. They were fined for "borrowing" from segragated accounts which is a far different thing. Probably that means they didn't collect variation margin from losing customers quickly...

Yea no one here is greedy either just a bunch of innocents.

That's all true but I'm really thinking that the original problem debt did come from customers they carried for too long. They could have solved by selling out at a much lower valuation.

Sure but that isnt the same as casting aspersions on everybody involved.

It's very unfortunate that you are saying that shit. Refco has carried a lot of traders through problems before. And believe it or not the guys who started it, who haven't been involved for quite some time, started out with nothing. They gave a lot of people a start in the industry along the way.

What about when Pat Arbor's house blew up?

I'd like to say it will just be merged out by another firm but the price they would offer would be nothing. They all hate Refco with a passion. They've been trying to sell it for 15 years before they took it public.

From what I read somewhere Bennet's debt was over 500 mil at one point but was 430 mil when it was discovered.

Good Point.

Does anyone have a good idea which fcms ibs or other such firms have exposure to Refco currently?