This whole thing is a mess, and will take ages to come to a...

  1. 221 Posts.
    This whole thing is a mess, and will take ages to come to a conclusion.

    On the bright side an article in the Age stated on the day the administrators were called in that MF Global Australia was in the Black.

    Personally I have reconciled myself to losing something.

    Stated,

    He said the company had 20,700 client accounts, although ''people will have multiple accounts'', and he had so far secured ''just under $160 million'' in cash.

    ''The overall reconciliation that the company did every day prior to our appointment, and is being updated for the day of our appointment, shows a positive reconciliation.

    ''In other words, there is a surplus in total.''


    Its a waiting game now.

    link,

    http://www.theage.com.au/business/mf-globals-australian-clients-not-guaranteed-full-return-20111103-1mxta.html
 
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