Posts Tagged ‘funds’

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MF Global Files for Bankruptcy


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Bloomberg—Nov. 18, 2011 — http://www.bloomberg.com/news/2011-11-18/mf-said-to-have-shifted-hundreds-of-millions.html MF Global Holdings Ltd., the holding company for the broker-dealer run by former New Jersey governor and Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy after making bets on European sovereign debt. The New York-based firm listed total debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed today in U.S. Bankruptcy Court in Manhattan.

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MF Global chapter 11 bankruptcy JP Morgan missing funds jon corzine goldman sachs fidelity

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Henes Says States Should Be Able to File for Bankruptcy

Jan. 12 (Bloomberg) — Jonathan Henes, a bankruptcy attorney at Kirkland & Ellis LLP, discusses the need for legislation allowing U.S. states to file for Chapter 11 bankruptcy protection.
Henes talks with Margaret Brennan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

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Citigroup Bankruptcy: Federal Reserve & SEC Response

The purpose of this video is to discuss the real inside story regarding Citigroup’s potential bankruptcy and why the mortgage crisis, although real, is a ruse distracting the public from the real source of the problem. This is an unregulated shadow banking system dominated by hedge and private equity funds. Step one to turn the economy around should be that President Bush, Federal Reserve Chair Bernakke and SEC Chair Christopher Cox require these funds to register with the SEC and disclose their holdings and related accounting practices. Only then can confidence be restored.

Duration : 0:8:54

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