Refco capital market corp. suspended for 15 days....huge losses.

@andygogo (1579)
China
January 1, 2007 5:31am CST
Refco capital market corp. suspended for 15 days....huge losses. A British Banker by name of Mr. Bennet has probably crippled the American Hedge Fund Industry. The Refco capital market corp. whose shares has been marketed by blue blood Jeewish bank and some European banks such as Goldman Sachs, Deutch Bank, J P Morgan, Merrill Lynch, Bank of America, and Credit Suisse First Bank. The Refco is said to be the world's largest futures broker with 450 office world wide. Refco forex market volume was said to be US$111 billion last year! Does that mean..there would be less "market upheavals" in the future... whatever this means.....China needs to develop our own "market controls and influence"....and this would include (1) Market pits. (2) Market makers (3) Back office clearing (4) Dedicated cable, satellite global communication. (5) Own Bourses (6) Interfaces with the European, British, American systems....
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