The highly leveraged position in euro debt held by MF Global was shameful, and unfortunately it is the employees and customers ofMF Global who bear the brunt of the pain.
The former CEO ofMF Global Holdings may have known of a loan to one of the firm's European affiliates using segregated customer accounts, CME Group's head told a U.S. Senate panel, contradicting Jon Corzine's own testimony.
Smith said one weight for gold in dollar terms could be the ripple effects of the bankruptcy ofMF Global and the difficulties former clients of that firm have had in accessing all of their funds.