Anyone pulling money out of MF Global?

[irniger]

When can funds be expected out of the bankruptcy - and how much? Some people are still waiting for funds from the Lehman bankruptcy.

Isn't it better to grab 90% offered by some buyers of these claims, like Prime Shares, Contrarian Capital, UBS Investment Bank, Tannor Capital and others now and put the funds back to work? A claimant might never get 100% - perhaps 95%!

Felix

 

[ofinance]

Quote from irniger:

Some people are still waiting for funds from the Lehman bankruptcy.

The smart ones among them have simply used their loss to pay less taxes, if they had to pay $40,000 to the IRS they declared that they lost $10,000 investing in Lehman and paid only $30,000, it's called writting off debt as uncollectable.

 

[steve0617]

Quote from irniger:

When can funds be expected out of the bankruptcy - and how much? Some people are still waiting for funds from the Lehman bankruptcy.

Isn't it better to grab 90% offered by some buyers of these claims, like Prime Shares, Contrarian Capital, UBS Investment Bank, Tannor Capital and others now and put the funds back to work? A claimant might never get 100% - perhaps 95%!

Felix

If we're a domestic account, we've already gotten back 72%. So most of our funds are already back to work.

The offers from these outside companies have been restricted to 100K or more.

As my remaining amount is under 10K, I can't sell anything. They don't want to bother with us small guys.

 

[TraDaToR]

Not that bad in the end.

http://www.bloomberg.com/news/2013-...e-to-boost-distributions-to-ex-customers.html

 

[TraDaToR]

Koutoulas still wants to put's Corzine's ass in jail.

http://www.newsweek.com/stalking-jon-corzine-317733

 

[benwm]

Koutoulas still wants to put's Corzine's ass in jail.

http://www.newsweek.com/stalking-jon-corzine-317733

Thanks for the update. It's important for the industry that the guys responsible for the fraud at MF Global get punished. Why should Corzine's connections with Obama stop this from happening?