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Does anybody have any idea which brokers have correspondent relationships with Refco? I bet its a lot of different companies. If they go down it will be bad for everyonr in fact I would expect seeloffs in commodity markets if customers start to exit positions.

It's all part of the mystique. You have to get used to people hting you anyway if you are successful. I've thohgt they were going out a couple other times. They've always come back.

Refco sure has survived a lot of shitstorms in the past. The other houses are probably throwing parties right now though.

Yea I agree. I think they are toast. It sucks for futures traders beause they are one of the largest. Most of that business will stick around but some of it is bound to dissappear.

it's hard for me to believe he thought this wouldnt be found out though. They never should hsve gone public. Public FCM's have never worked out.

No. Bennet was never a trader. He was just hiding the uncollectable loss. Maybe it was acustomer he brought in and let get in over their heads and the other partners told him he had to eat it. Maybe it was VN. He had big losses then and Refco sold out his stupid put position at the very bottom.

Refco is known for standing by clients when they have positions that go against them temporaily. My guess is that it is some cutomer's loss from the 98 volatility. They had significant regulatory issues at the time so maybe they wanted to hide the fact they let a cucstomer lose so much without...

I wanna come to your huse and take your shit.

It's the Trilateral Commission I tell ya. You guys are so naive.

The opposite broker was at lunch or half asleep. Your broker comes up to him and sys what you have in Dec, it's one guy handling all the back months, and he has like three limits in his hand so he just says sold so he can go back to doing the crossword or harassing a female clerk or whatever...

Why are you so worried about investor two? If I were investor one I'd be pissed I only got half the return I would have if investor two hadn't invested, especially if the guy hesitated while I took risk. Why don't you just tell investor two he'll get a money market return until a signal is...

You can't trade with yourself as a regular trade if that is what you are asking. You can do an ex-pit transaction that moves your position from one house to another in which the price is irrelevant and is agreed upon by the two houses beforehand. It wouldn't be reported in the daily range of...