News Links 12/28/2011

2 Comments
  1. Dave Holden says

    “A Run On The Global Banking System—How Close Are We?” http://gonzalolira.blogspot.com/2011/12/run-on-global-banking-systemhow-close.html

    “But when MF Global went bankrupt, these segregated accounts—that is, the
    content of those safe deposit boxes—were taken away from their rightful
    owners—that is, MF Global’s customers—and then used to pay off other
    creditors: That is, JPMorgan. ”

    “What has the ECB done in the crisis? The role of TARGET balances”

    http://blogs.ft.com/martin-wolf-exchange/2011/12/28/what-has-the-ecb-done-in-the-crisis-the-role-of-target-balances/#axzz1hvXc80hp

    An interesting analysis but reading some of the comments makes me question its accuracy.

  2. Dave Holden says

    Oh and Denninger adds to the MF Global discussion..

    http://market-ticker.org/akcs-www?singlepost=2826595

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