Wednesday, November 9, 2011

The demise of MF Global

The dramatic failure of MF Global reflects not only the fragility of the financial markets but how, again, lessons were not learned from the financial crisis started in 2008. A good review of the former comes from the Financial Times http://www.ft.com/intl/cms/s/0/2882d766-06fb-11e1-90de-00144feabdc0.html#axzz1dGXkhSpf
and the latter by the Daily Show http://dealbook.nytimes.com/2011/11/09/the-daily-show-addresses-the-walking-debt/

Oh the irony!

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