Gosh! Another episode of Lehman Brother collapse!
MF Global being a financial institution investing in financial derivatives has filed Chapter 11 Bankruptcy protection. Its exposure European soverign bonds turned bad due to 50% haircut agreed last week. However, fortunately, the size of the exposure is much smaller compared to Lehman case.
It is interesting to know who are the other investors that facing haircut issue.
No comments:
Post a Comment