I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial
The structural issue that could cause the world's market of last resort to grind to a halt
June 2007
by Lee Oliver and Chloe Hayward
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The stake held by Refco in FXCM, a leading retail aggregator, has been put up for sale by the creditors of the bankrupt futures brokers. Initial bids have to be submitted by June 29. Refcos creditors will then launch a second round for the highest bidders, ending July 29, with the final winner announced in August. Who will bid for Refcos FXCM stake? Euromoney FiX
The Fitch approach is good. They are now a serious player, and best for covered bonds
So says a German Pfandbrief specialist. Well, as Fitch is maintaining triple-A ratings, while Moody’s makes severe downgrades, he would say that wouldn’t he?