MF sold to GS through JPM - Someone explain this to me...
http://www.reuters.com/article/2012/01/04/us-mfgl…
So essentially 3 IB's involved in same deal via a buyer, seller, and broker?
Just didn't really think this was the norm. (I'm not in Banking)
Is it me or the GS name is associated with everything negative that is currently happening in the world.
This may exonerate Corzine to an extent if it's true that that funds from the sale didn't clear quickly. Corzine may have called some old friends and tried a last ditch effort at raising enough capital to save MF. This just gets more and more interesting.
MF is a big commodities firm -- why is it weird that GS is buying it?
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