MF Global Fires 1000+ Employees

[vox]

http://www.foxnews.com/us/2011/11/11/more-than-1000-mf-global-employees-reportedly-fired/

A total of 1,066 employees of bankrupt broker and dealer MF Global Inc. have been fired, according to a statement issued Friday by James Giddens, the court-appointed trustee for the liquidation of the company.
Marketwatch reports that between 150 and 200 former employees are being hired to assist in the wind down of the business and processing of bankruptcy claims, according to Giddens.
MF Global is not conducting business, and will not be reorganized. About 17,000 customer account positions and approximately $1.5 billion in customer account funds have been transferred to other future commodities merchants, Marketwatch reports.


From marketwatch:

http://www.marketwatch.com/story/mo...ees-fired-2011-11-11?link=MW_home_latest_news

 

[pmbug]

 

[h4rdware]

I don't know how many times i've linked that vid this year alone. priceless.

 

[DCFusor]

Couldn't happen to a more deserving bunch. A few years back they cold-called me and wanted to teach me to trade options and futures. I fell for the pitch as I'm always wanting to learn more. And....it's gone, $25k in 3 months.
I know better now, of course, but that was kind of an expensive education.