MF Global: One Of Top Ten Bankruptcies
Based on MF Global’s disclosed assets in its bankruptcy filing, it is likely to slot in just ahead of Chrysler as the eighth-largest U.S. bankruptcy.
1) Lehman Brothers Holdings, September 2008: $691 billion in assets
2) Washington Mutual, September 2008: $327.9 billion
3) WorldCom, July 2002: $103.9 billion
4) General Motors, June 2009: $91 billion
5) CIT Group, November 2009: $80.4 billion
6) Enron, 2001: $65.5 billion
7) Conseco, 2002: $61.4 billion
MF Global: $41 billion (as of Sept. 30)
Chrysler April, 2009: $39.3 billion
9) Thornburg Mortgage May, 2009: $36.5 billion
10) Pacific Gas & Electric Co., 2001: $36.15 billion
Source: BankruptcyData.com; SEC filings for MF Global asset size
On top of this bad news, now it’s alleged that millions of dollars are missing from customer’s accounts.
Interesting. Earlier, on CNBC, it was disclosed that the parent company of CNBC was seventh on the list.
Prolly early reporting, some number close to $750-thousand. I figured it was going to be unpaid advertising.
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Uh…duh!
Re-read today. Moron. Me.
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