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More bad news may be expected.
The fall of MF Global is the result of Greece debt crisis. Everyone is wondering the impact of writing off half of the debt affecting Banks. Yesterday, we have bad news coming from Italy.
From another perspective, the fall of MF Global is just another story where an American is trying to realize his own ambition and greed at the expense of a company. Americans are simply too reliance on their Govt to bail them out when they are in trouble. That’s why they made risky business decision and do not consider the consequence. Just Google US Govt bail out and you can find the history.
People were frustrated and recently they had the occupy Wall Street campaign. But sadly, their Govt made arrest.
ReplyYou mentioned “once in a lifetime” for the opportunity that followed Bear Stearn’s collapse.
Later, you mentioned fall of Dexia and MF Global as another possible opportunity.
I think such opprtunities happen more than once a lifetime. Used to be around once in 7 years but nowadays seem much more frequent.
ReplyYes, there are more opportunities nowadays…. time has been compressed and information flow is much faster.
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