MF Global down 60% right now

Stock price in the market does not count for accounting solvency purposes. MF has USD10.8bn equity

Balance Sheet
Total Cash (mrq): 46.66B
Total Cash Per Share (mrq): 388.595
Total Debt (mrq): 24.34B
Total Debt/Equity (mrq): 18.813
Current Ratio (mrq): 0.992
Book Value Per Share (mrq): 10.812


NOW, the question is, is that USD46.66bn cash as per last reorting date still there (or is it gone?) and is it, and other assets enough to offset debt of USD24bn?
 
Hi to all,



I have been thinking about segregated accounts and I believe that if the FCM can’t use the client’s money on the segregated account why they pay interest on this money? If they pay interest I believe they are using the money to do whatever they want and the segregated account is not 100% safe. Someone agree with me? Do you believe Tbills on the account are safer? Any opinions are welcome.



Regards
gapellegrini
 
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