Counterparties
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Some fresh links selected today from Counterparties.com:
Credit Suisse: The “last days” of the Euro are here — FT Alphaville
Goldman: “SOVEREIGN RISK SPREADING LIKE A WILDFIRE” — BI
FMCN’s stock dropped 40% on this Muddy Waters report calling them lying liars — Zero Hedge
MF Global trustee: Actually, we think we’re missing $1.2 billion — Market Watch
“Mr. Nocera – You have destroyed everything and everyone related to Steven J. Baum PC” — Dealbook
A really big visualization of money — xkcd
Fresh off its pension overhaul, Rhode Island experiments with “work sharing” — WSJ
The continuing hunt for Anyone But Romney, illustrated graphically — National Post
And The Atlantic is now making more from digital than print advertising — NYT
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“MF Global trustee: Actually, we think we’re missing $1.2 billion”
Let’s be accurate: after the “collateral” was taken to cover 100% of financial institutions–ignoring whether the collateral was client or firm money–the clients are short.
Welcome to BidenVille, MF Global investors. Those of you who thought the 2005 R&P Act wouldn’t affect you because you would never have to declare bankruptcy are reaping the whirlwind.